Form 54-017 Local Option Remedial Action Property Tax Credit - Iowa

What Is Form 54-017?

This is a legal form that was released by the Iowa Department of Revenue - a government authority operating within Iowa. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form 54-017?
A: Form 54-017 is the Local Option Remedial Action Property Tax Credit form in Iowa.

Q: What is the Local Option Remedial Action Property Tax Credit?
A: The Local Option Remedial Action Property Tax Credit is a credit available to property owners in Iowa who have taken action to remediate contaminated properties.

Q: Who is eligible for the Local Option Remedial Action Property Tax Credit?
A: Property owners in Iowa who have taken action to remediate contaminated properties are eligible for the credit.

Q: How can I claim the Local Option Remedial Action Property Tax Credit?
A: To claim the credit, you must complete Form 54-017 and submit it to the appropriate local authority in Iowa.

Q: What expenses can I claim for the Local Option Remedial Action Property Tax Credit?
A: You can claim eligible expenses related to the remediation of contaminated properties, such as testing, cleanup, and monitoring costs.

Q: Is there a deadline for claiming the Local Option Remedial Action Property Tax Credit?
A: Yes, the credit must be claimed within three years of the date the remediation was completed.

Q: What is the amount of the Local Option Remedial Action Property Tax Credit?
A: The amount of the credit varies depending on the specific local jurisdiction in Iowa.

Q: Is the Local Option Remedial Action Property Tax Credit refundable?
A: No, the credit is nonrefundable and can only be used to offset property taxes.