Bills › 88th General Assembly
Relating to the adjustments to state foundation aid paid to a school district following an assessed value reduction for certain property and including effective date and applicability provisions
Topics:K–12 educationTaxes
Where it is now
- Done: IntroducedJanuary 29, 2020
- Done: SubcommitteeFebruary 4, 2020
- Done: House committeeFebruary 24, 2020
- Stopped: Passes the HouseDied when the General Assembly ended
- Next: Senate committee
- Next: Passes the Senate
- Next: To the Governor
- Next: Signed into law
Died when the session ended The 2020 session adjourned on June 14, 2020, the General Assembly’s last regular session. Bills that didn’t pass both chambers died. What’s a funnel?
What’s in it
12(1) provides that if a school district is required to repay property taxes paid for school taxes levied on property originally assessed at $5 million or more because the assessment was subsequently reduced by the action of the property assessment appeal board or judicial action and the amount of the reduction in the assessment equals at least $100,000 or percent of the assessed value of all taxable property in the district prior to the reduction, whichever is less, the school district is eligible for an adjustment in state foundation aid.
Read the full explanation
This bill adds an assessment reduction by the board of review to the provision.39 to provide that if a property originally assessed at $5 million or more is reduced by the action of the board of review, property assessment appeal board, or judicial action, and the amount of the reduction in the assessment makes the school district eligible for an adjustment in state foundation aid, the assessor shall notify the school district within days of the action. The bill takes effect upon enactment and applies to actions of a board of review, actions of the property assessment appeal board, and judicial actions occurring on or after the effective date of the bill.
House subcommittee
Named February 4, 2020. On February 11, 2020 it recommended passage.
Three legislators hear a bill first and recommend what the committee should do; it’s the best time to weigh in. How to take part
Iowa Code it changes
Lobbying
3 for · 0 against · 7 undecided · Who →