A bill for an act creating a residential rebate program for residential owners and renters and making appropriations.

HF 691 creates a residential rebate program in Iowa for homeowners and renters from fiscal years 2025-2030. Homeowners who claimed a property tax credit in the previous year receive $1,000 annually, while renters of primary residences qualify for $500 per year (with limits of two rebates per rental unit and one per household). The program is funded through the taxpayer relief fund, with payments made by January 1 each year to eligible individuals who submit claims to the Department of Revenue. The bill specifies eligibility based on prior tax credit claims for owners and verified primary residence documentation for renters.