Bills › 88th General Assembly
Where it is now
- Done: IntroducedJanuary 28, 2019
- Done: SubcommitteeJanuary 28, 2019
- Stopped: House committeeDied when the General Assembly ended
- Next: Passes the House
- 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
This bill establishes a property tax exemption for agricultural land that is planted with cover crops, as defined in the bill. Fifty percent of the assessed value of the eligible land planted with cover crops during the growing season of the assessment year shall be exempt from taxation. To apply for the exemption, the applicant is required to deliver to the department of agriculture and land stewardship (the department) a verified statement and designation of the tracts of agricultural land for which the exemption is claimed on forms prescribed by the department.
Read the full explanation
The bill authorizes the department to inspect the land for compliance with the requirements for the exemption. _____ shall be disallowed in full and if the exemption has been provided, the amount of the exempted taxes plus interest shall be collected by the county treasurer. In addition, the person is not be eligible to claim the exemption for the succeeding five assessment years. The bill requires the department to, in consultation with the department of revenue, adopt rules for the interpretation and proper administration of the exemption provided in the bill.7.7 provides that for a property tax credit or exemption enacted on or after January 1, 1997, if a state appropriation made to fund the credit or exemption is not sufficient to fully fund the credit or exemption, the political subdivision shall be required to extend to the taxpayer only that portion of the credit or exemption estimated by the department of revenue to be funded by the state appropriation. The bill applies to assessment years beginning on or after January 1, 2020.
House subcommittee
Named January 28, 2019. Meeting: Thursday, January 31 · 9:00 AM · House Lounge.
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
9 for · 4 against · 21 undecided · Who →
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88th General Assembly