Requiring notices of potential eligibility for the business property tax credit

The notice is required to provide a summary of the eligibility criteria for the business property tax credit and shall identify the filing deadline for the credit.26 to provide that beginning with valuations for January 1, 2021, and each succeeding year, the assessment roll notice provided to the property owner or taxpayer of each commercial property, industrial property, or railway property shall also identify whether the property is currently receiving a business property tax credit under Code chapter 426C.19 provides that each governmental subdivision of the state may, and each city with a population of 15,000 or more that has not adopted a local building code, shall issue certificates of occupancy or use, permits, licenses, and other documents in connection with the construction of buildings or structures as may be required by ordinance. The bill provides that permits issued on or after July 1, 2020, for the construction of buildings or structures that are reasonably likely to be assessed for property tax purposes as commercial property, industrial property, or railway property shall include a notice of the eligibility criteria and filing deadline for the business property tax credit under Code chapter 426C.3.2, subsection 3, which would relieve a political subdivision from complying with a state mandate if funding for the cost of the state mandate is not provided or specified. Therefore, political subdivisions are required to comply with any state mandate included in the bill.