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

HF 717: Relating to the assessment and valuation of property rented or leased to certain low-income individuals and families and including effective date and retroactive applicability provisions

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

What it does

21(2), in assessing property that is rented or leased to low-income individuals and families as authorized by section of the Internal Revenue Code, unless the owner elects to withdraw the property from the assessment procedures for section property, the assessor shall use the productive and earning capacity from the actual rents received as a method of appraisal and shall take into account the extent to which that use and limitation reduces the market value of the property.21(14) excludes such property if it has not been withdrawn from section assessment procedures.

Sponsors

Ways and Means committee

Cost

Cost: up to $175,000

Changing the property classification for one- and two-dwelling unit Section 42 housing is projected to reduce property taxes owed by Section 42 property owners by $175,000 per year beginning in FY 2025.

Senate subcommittee · named April 20, 2023

  • Sen. Dan Dawson (R) · dan.dawson@legis.iowa.gov
  • Sen. Pam Jochum (D)
  • Sen. Carrie Koelker (R) · carrie.koelker@legis.iowa.gov

Lobbying · 3 for, 0 against

For: Conlin Properties; Greater Iowa Apartment Association; Hubbell Realty Company

In plain words

  1. January 20, 2023Filed in the House and sent to the Ways and Means committee · as HSB 61
  2. January 20, 2023House subcommittee named: Boden, Nielsen and Siegrist · as HSB 61
  3. March 22, 2023Subcommittee recommended passing it · as HSB 61
  4. April 13, 2023Filed in the House
  5. April 13, 2023Approved by the House committee · as HSB 61
  6. April 13, 2023Approved by the House committee, and given a new number: HF 717 · as HSB 61
  7. April 19, 2023Cost estimate (fiscal note) posted
  8. April 19, 2023Passed the House, 95–0
  9. April 19, 2023Arrived in the Senate
  10. April 20, 2023Senate subcommittee named: Dawson, Jochum and Koelker

From public records at legis.iowa.gov, compiled by Funnel (iowafunnel.com), an independent, nonpartisan site. Current as of Monday, November 9, 2026. https://iowafunnel.com/bills/90/HF717