HSB 64

Where it is now

1. ✓
   Done: IntroducedJanuary 20, 2023
2. ✓
   Done: SubcommitteeJanuary 20, 2023
3. ✓
   Done: House committeeFebruary 1, 2023
4. –
   Skipped: Passes the HouseContinued as HF 207
5. Next: Senate committee
6. Next: Passes the Senate
7. Next: To the Governor
8. Next: Signed into law

Became HF 207 → Its progress continues under the new number. Go to HF 207 What’s a funnel?

What’s in it

This bill amends Code section 427.1 to establish a property tax exemption for property owned or operated by a public utility that is directly and primarily used for furnishing sanitary sewage or storm water drainage disposal by piped collection system to the public for compensation. Under the bill, “public utility” means the same as defined in Code section 476.1. Under Code section 421.17, the director of revenue has the authority to issue rules as are necessary to provide for the uniform application of the exemptions provided in Code section 427.1 in all assessor jurisdictions in the state. The bill applies to assessment years beginning on or after January 1, 2024.

Changed since by amendment S-5198; see Amendments.

Full bill text · What changed before it passed¹

House subcommittee

Named January 20, 2023. On January 26, 2023 it recommended passage. Vote Total: 2-0.

• Rep. Austin Harris REmail
• Rep. Bobby Kaufmann REmail
• Rep. Elizabeth Wilson 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

AI summary This bill creates a new property tax exemption for property owned or operated by a public utility that provides sanitary or storm water drainage. This exemption is estimated to reduce annual property taxes by $68,000 beginning in fiscal year 2026. This change will increase the state's General Fund appropriation for school aid by an estimated $11,000 and reduce local government property tax revenue by an estimated $57,000.²

From the note: Creating a new property tax exemption for a privately-owned wastewater system will reduce the annual property taxes owed by an estimated $68,000, beginning with FY 2026. The reduction in taxes owed will increase the State standing General Fund appropriation for school aid by an estimated $11,000 and reduce local government property tax revenue by an estimated $57,000.

• Final Fiscal Note — Wastewater Infrastructure, Taxation · May 7, 2024 · $68,000
• Wastewater Infrastructure, Taxation · February 16, 2023
• Wastewater Infrastructure, Taxation · February 14, 2023

Reading a fiscal note³

Iowa Code it changes

Amends§427.1

How the Code works⁴

Family tree