HF 668: Relating to property taxation for commercial child care centers and facilities and including effective date, applicability, and retroactive applicability provisions

What it does

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.

Senate subcommittee · named March 28, 2023

• Sen. Mike Klimesh (R) · mike.klimesh@legis.iowa.gov
• Sen. Dan Dawson (R) · dan.dawson@legis.iowa.gov
• Sen. Janet Petersen (D) · janet.petersen@legis.iowa.gov

Lobbying · 13 for, 0 against

For: Cedar Rapids Metro Economic Alliance; Dubuque Area Chamber of Commerce; Easterseals Iowa; Governor's Office; Greater Des Moines Partnership; Hills and Dales; Iowa Association of Business and Industry (ABI); Iowa Chamber Alliance; Link Associates; Marshalltown Area Chamber of Commerce; Professional Developers of Iowa (PDI); Systems Unlimited, Inc.; and 1 more

In plain words

1. March 15, 2023Filed in the House
2. March 21, 2023Cost estimate (fiscal note) posted
3. March 21, 2023Passed the House, 92–2
4. March 22, 2023Arrived in the Senate
5. March 28, 2023Senate subcommittee named: Klimesh, Dawson and Petersen