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2017 Iowa Code
Title X - FINANCIAL RESOURCES
Chapter 425 - HOMESTEAD TAX CREDITS AND REIMBURSEMENT
Section 425.9 - Credits in excess of tax — appeals — refunds.

Universal Citation: IA Code § 425.9 (2017)
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1 HOMESTEAD TAX CREDITS AND REIMBURSEMENT, §425.9 425.9 Credits in excess of tax — appeals — refunds. If the amount of credit apportioned to any homestead under the provisions of this chapter in any year shall exceed the total tax, exclusive of any special assessments levied against said homestead, then such excess shall be remitted by the county treasurer to the department of revenue to be redeposited in the homestead credit fund and be reallocated the following year by the department as provided hereunder. If any claim for credit made hereunder has been denied by the board of supervisors, and such action is subsequently reversed on appeal, the credit shall be allowed on the homestead involved in said appeal, and the director of revenue, the county auditor, and the county treasurer shall make such credit and change their books and records accordingly. In the event the appealing taxpayer has paid one or both of the installments of the tax payable in the year or years in question on such homestead valuation, remittance shall be made to such taxpayer of the amount of such credit. The amount of such credit shall be allocated and paid from the surplus redeposited in the homestead credit fund provided for in the first paragraph of this section. [C39, §6943.150; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §425.9] 2003 Acts, ch 145, §286 Referred to in §25B.7, §331.559 Wed Feb 08 03:45:42 2017 Iowa Code 2017, Section 425.9 (8, 0)
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