Bills › 89th General Assembly
Where it is now
- Done: IntroducedFebruary 14, 2022
- Done: SubcommitteeFebruary 22, 2022
- Done: House committeeMarch 8, 2022
- Done: Passes the HouseMarch 30, 202293–1
- Stopped: Senate committeeDied when the General Assembly ended
- Next: Passes the Senate
- Next: To the Governor
- Next: Signed into law
Died when the session ended The General Assembly adjourned on May 24, 2022. Bills that didn’t pass both chambers died. What’s a funnel?
What’s in it
21 provides that the actual value of agricultural property shall be determined on the basis of productivity and net earning capacity of the property determined on the basis of its use for agricultural purposes capitalized at a rate of percent and applied uniformly among counties and among classes of property. Under this bill, for assessment years beginning on or after January 1, 2023, a portion of the actual value of property classified as agricultural located in a levee and drainage district that is located adjacent to both the Mississippi river and the Iowa river and consists of at least 35,000 acres shall be exempt from taxation.
Read the full explanation
The exemption on such agricultural property shall be allowed if the property’s per-acre levee and drainage district taxes assessed exceed the applicable county’s per-acre five-year average levee and drainage district tax amount. The amount of the exemption shall be an amount equal to the number of net acres comprising the property multiplied by the amount by which the property’s per-acre levee and drainage district taxes exceed the county’s per-acre five-year average levee and drainage district tax amount divided by percent. However, in no case shall the amount of the exemption exceed percent of the actual land value of the property.
From the explanation printed with the bill as introduced, written by the Legislative Services Agency. Amendments adopted later aren’t reflected. Full bill text
Senate subcommittee
Named April 4, 2022. It hasn’t reported yet.
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
Fiscal note
Cost: up to $437,000 Compare with other bills
The new property tax exemption created in the Bill will reduce property taxes on agricultural land located within the Two Rivers Levee and Drainage District by an estimated $437,000 for FY 2025.
- Levee and Drainage Districts Property Tax Exemption · March 28, 2022
Nonpartisan cost estimates from the Legislative Services Agency’s Fiscal Services Division. The newest is first. Reading a fiscal note
Iowa Code it changes
Amends§427.1
Read from the bill as introduced. Each links to every bill touching that chapter of the Iowa Code. How the Code works
Lobbying
1 for · 2 against · 10 undecided · Who →
Family tree
Where this legislation came from and where it went: earlier tries, the versions it moved through this Assembly, and later bills built on it.
89th General Assembly
Picked up later
Earlier and later bills are matched by wording or an identical title; check the text to be sure it’s the same idea.
Similar bills
- HF 353 Relating to levee and drainage districts by establishing certain definitions and establish…90th General Assembly · Passed HouseNearly identical
Matched by the wording of each bill’s explanation, or an identical title. Companion bills and renumbered versions of this bill aren’t listed; they’re the same bill.