Bills › 89th General Assembly
Relating to commercial and industrial property tax replacement payments and including effective date provisions
Topics:TaxesProperty taxes
Where it is now
- Done: IntroducedFebruary 1, 2022
- Done: SubcommitteeFebruary 2, 2022
- Stopped: Senate committeeDied when the General Assembly ended
- Next: Passes the Senate
- Next: House committee
- Next: Passes the House
- Next: To the Governor
- Next: Signed into law
Died when the session ended The 2022 session adjourned on May 24, 2022, the General Assembly’s last regular session. Bills that didn’t pass both chambers died. What’s a funnel?
What’s in it
AI summary This bill changes how the state gives money back to local governments to make up for commercial and industrial property taxes. Instead of using a new calculation method, it would return to the old way of figuring out these payments. These payments would be based on the difference between the actual value and the assessed value of all business property in each taxing district.1
Read the official explanation
2021 Acts, chapter 177, eliminated the appropriation for the replacement payments for fiscal years beginning on or after July 1, 2029, and modified the methodology for calculating and apportioning commercial and industrial property tax replacement claims for fiscal years beginning on or after July 1, 2022, but before July 1, 2029.21A for the fiscal year beginning July 1, 2021, and whether the taxing authority is a qualified taxing authority.21A and 2021 Acts, chapter 177, to modify the commercial and industrial property tax replacement claims and payments to operate in the manner the claims and payments operated prior to enactment of 2021 Acts, chapter 177, by calculating commercial and industrial property tax replacement based on the difference between the actual value and assessed value of all commercial and industrial property in each taxing district in the state. The bill takes effect upon enactment.
Senate subcommittee
Named February 2, 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
Iowa Code it changes
Lobbying
2 for · 0 against · 1 undecided · Who →