HF 718: Relating to local government property taxes, financial authority, operations, and budgets, modifying certain transit funding, property tax credits and exemptions, and appropriations, requiring certain information related to property taxation to be provided to property owners and taxpayers, modifying provisions relating to fees for driver’s licenses and nonoperator’s identification cards, modifying provisions relating to certain writing fees, modifying certain bonding procedures, making penalties applicable, and including effective date, applicability, and retroactive applicability provisions

What it does

This bill relates to local government funding by modifying school district funding provisions, property tax calculation provisions, and local government budgeting and bonding procedures. DIVISION I —— SCHOOL FOUNDATION PROPERTY TAX.40 per $1,000 of assessed valuation on all taxable property in the district.40 levy rate is for recently reorganized and dissolved school districts.40.00.3 in the bill.3 apply July 1, 2023, for school budget years beginning on or after that date. DIVISION II —— PROPERTY TAX LIMITATION.

Senate subcommittee · named April 20, 2023

• Sen. Dan Dawson (R) · dan.dawson@legis.iowa.gov
• Sen. Dawn Driscoll (R) · dawn.driscoll@legis.iowa.gov
• Sen. Cindy Winckler (D) · cindy.winckler@legis.iowa.gov

Lobbying · 10 for, 11 against

For: American Legion of Iowa; Iowa Association of Business and Industry (ABI); Iowa Association of Realtors; Iowa Bankers Association; Iowa Business Council; Iowa County Recorders Association; Iowa State Treasurer's Office; Iowa Taxpayers Association; Iowans for Tax Relief; National Federation of Independent Business (NFIB /IA)

Against: AFSCME Iowa Council 61; Common Good Iowa; IA Mental Health Planning Council; Iowa Association of School Boards; Iowa Federation of Labor, AFL-CIO; Iowa League of Cities; Iowa Psychiatric Physicians Society; Iowa State Association of County Auditors; Iowa State Education Association; Laborers International Union of North America; North Central States Regional Council of Carpenters

In plain words

1. April 17, 2023Filed in the House
2. April 19, 2023Cost estimate (fiscal note) posted
3. April 19, 2023Passed the House, 93–1
4. April 19, 2023Arrived in the Senate
5. April 20, 2023Senate subcommittee named: Dawson, Driscoll and Winckler
6. April 24, 2023Cost estimate (fiscal note) posted
7. May 1, 2023Approved by the Senate committee
8. May 2, 2023Passed the Senate, 49–0
9. May 2, 2023Passed the House, 94–1
10. May 4, 2023Sent to the Governor
11. May 4, 2023Signed into law
12. May 24, 2023Cost estimate (fiscal note) posted