90th General Assembly · Funnel one-pager · Monday, November 9, 2026

HF 207: Relating to the assessment and taxation of certain sanitary sewage and storm water drainage property and including effective date and retroactive applicability provisions

Signed into law

What it does

1 to establish a property tax exemption for property owned or operated by a public utility that is directly and primarily used for furnishing sanitary sewage or storm water drainage disposal by piped collection system to the public for compensation.1.1 in all assessor jurisdictions in the state. The bill requires public utilities that own or operate the property exempted under the bill to file revised tariffs under Code chapter 476 on or before October 1, 2023, to reflect the exemption in the bill and, if applicable, provide a credit to ratepayers.

Cost

Cost: up to $68,000

Creating a new property tax exemption for a privately-owned wastewater system will reduce the annual property taxes owed by an estimated $68,000, beginning with FY 2026. The reduction in taxes owed will increase the State standing General Fund appropriation fo…

Senate subcommittee · named April 1, 2024

Sen. Carrie Koelker (R) · carrie.koelker@legis.iowa.gov
Sen. Dan Dawson (R) · dan.dawson@legis.iowa.gov
Sen. Herman C. Quirmbach (D) · herman.quirmbach@legis.iowa.gov

Lobbying · 2 for, 0 against

For: Iowa American Water Co.; Iowa Utility Association

In plain words

February 6, 2023Filed in the House
February 14, 2023Cost estimate (fiscal note) posted
February 15, 2023Passed the House, 99–0
February 16, 2023Arrived in the Senate
February 21, 2023Senate subcommittee named: Koelker, Dawson and Quirmbach
April 2, 2024Subcommittee recommended passing it with changes
April 18, 2024Approved by the Senate committee
April 19, 2024Passed the Senate, 46–0
April 19, 2024Passed the House, 92–0
April 29, 2024Sent to the Governor
May 1, 2024Signed into law
May 7, 2024Cost estimate (fiscal note) posted