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

HF 353: Relating to levee and drainage districts by establishing certain definitions and establishing an exemption for certain property classified as agricultural based on levee and drainage district assessments

Died when the session ended · The 2024 session adjourned on April 19, 2024, the General Assembly’s last regular session. Bills that didn’t pass both chambers died.

What it does

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, 2024, 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.

Sponsors

Ways and Means committee

Cost

Cost: up to $491,000

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 $491,000 compared to current law for FY 2026.

Senate subcommittee · named April 18, 2023

  • Sen. Annette Sweeney (R) · annette.sweeney@legis.iowa.gov
  • Sen. Waylon Brown (R)
  • Sen. T. Taylor

Lobbying · 2 for, 8 against

For: Iowa Drainage District Association; Two Rivers Levee & Drainage District

Against: BNSF Railway Co.; Boone and Scenic Valley Railroad; Burlington Junction Railway; CN Rail; Davenport Industrial Railroad; Iowa Interstate Railroad; Patriot Rail (Keokuk Junction Railway); Union Pacific Railroad

In plain words

  1. January 20, 2023Filed in the House and sent to the Ways and Means committee · as HSB 66
  2. January 20, 2023House subcommittee named: Osmundson, Harris and Isenhart · as HSB 66
  3. January 31, 2023Subcommittee recommended passing it · as HSB 66
  4. February 15, 2023Approved by the House committee · as HSB 66
  5. February 20, 2023Filed in the House
  6. February 20, 2023Approved by the House committee, and given a new number: HF 353 · as HSB 66
  7. March 1, 2023Cost estimate (fiscal note) posted
  8. April 11, 2023Passed the House, 97–1
  9. April 12, 2023Arrived in the Senate
  10. April 18, 2023Senate subcommittee named: Sweeney, Brown and T. Taylor

From public records at legis.iowa.gov, compiled by Iowa Funnel (iowafunnel.com), an independent, nonpartisan site. Current as of Monday, November 9, 2026. https://iowafunnel.com/bills/90/HF353