DES MOINES, Iowa (AP) – Iowa business owners can begin applying for a new property tax credit that was part of a tax reform package approved by the Legislature and signed by the governor earlier this year. The property tax credit applies to certain commercial, industrial, and railroad properties. The Legislative Services Agency has estimated that the maximum first year credit amount will be about $523.

Lawmakers set aside $50 million to pay for the first year of credits. Applications for credit against 2013 property tax assessments must be received by the county or city assessor by Jan. 15.  Applications may be obtained from the Iowa Department of Revenue.

Police in Red Oak arrested a local man on a burglary charge Wednesday night. Officials say 29-year-old Zachariah Michael Holland, of Red Oak, was arrested on charges of 3rd degree burglary and interference with official acts. Holland was being held in the Montgomery County Jail on $5,000 cash bond.

And, the Red Oak P-D reports Victor Audie Stephens of Red Oak was arrested Wednesday on a “Breach of Peace” charge, after officers responded to a domestic disturbance in the 1000 block of East Corning Street.  As officers tried to interview Stephens in the front yard of the residence, he allegedly was loud and used profanities. Despite being told several times to lower his voice and stop swearing, Stephens persisted, and was placed under arrest. He was being held in the Montgomery County Jail on $300 bond.