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59 chapters · 1,000 sections in this title.
Iowa Code § 425A.1 Family farm tax credit fund.
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The family farm tax credit fund is created in the office of the treasurer of state. There shall be transferred annually to the fund the first ten million dollars of the amount annually appropriated to the agricultural land credit fund, provided in section 426.1 . Any balance in t…
Iowa Code § 425A.2 Definitions.
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As used in this chapter , unless the context otherwise requires: 1. “Actively engaged in farming” means the designated person is personally involved in the production of crops and livestock on the eligible tract on a regular, continuous, and substantial basis. However, a lessor, …
Iowa Code § 425A.3 Where credit given.
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1. The family farm tax credit fund shall be apportioned each year in the manner provided in this chapter so as to give a credit against the tax on each eligible tract of agricultural land within the several school districts of the state in which the levy for the general school fu…
Iowa Code § 425A.4 Claim for credit.
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1. To apply for the credit, the person shall deliver to the county assessor a verified statement and designation of the tracts of agricultural land for which the credit is claimed. The assessor shall return the statement and designation on or before November 15 of each year to th…