Relating to property taxation for commercial child care centers and facilities and including effective date, applicability, and retroactive applicability provisions

Where it is now

1. ✓
   Done: IntroducedMarch 15, 2023
2. –
   Skipped: SubcommitteeSkipped
3. ✓
   Done: House committeeMarch 21, 2023
4. ✓
   Done: Passes the HouseMarch 21, 202392–2
5. ✕
   Stopped: Senate committeeDied when the General Assembly ended
6. Next: Passes the Senate
7. Next: To the Governor
8. Next: Signed into law

Died when the session ended The General Assembly adjourned on April 19, 2024. Bills that didn’t pass both chambers died. What’s a funnel?

What’s in it

This bill relates to property taxation for commercial child care centers and facilities.21(5) determines the amount of actual value of commercial property that is subject to property tax. The amount is the sum of the residential assessment limitation to the portion of the property’s value that does not exceed $150,000 plus percent of the property’s value in excess of $150,000. The bill excludes property primarily used as a child care center or child care facility from that determination and instead specifies that for assessment years beginning on or after January 1, 2023, the amount of actual value of such properties that is subject to property tax and for which an application has been allowed is equal to the product of the assessment limitation percentage applicable to residential property multiplied by the actual 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 March 28, 2023. It hasn’t reported yet.

• Sen. Mike Klimesh REmail
• Sen. Dan Dawson REmail
• Sen. Janet Petersen DEmail

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

The changes to the taxable value of child care facilities will reduce the property taxes owed by facility owners beginning with FY 2025. 8 million. 5 million. 0% per year.

• Child Care Facilities, Property Tax · March 21, 2023

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§441.21

Read from the bill as introduced. Each links to every bill touching that chapter of the Iowa Code. How the Code works