90th General Assembly · Iowa Funnel one-pager · Tuesday, November 10, 2026

HSB 66: HSB 66

Became HF 353 · Its progress continues under the new number.

What it does

21 provides that the actual value of agricultural property shall be determined on the basis of productivity and net earning capacity of the property determined on the basis of its use for agricultural purposes capitalized at a rate of percent and applied uniformly among counties and among classes of property. _____ classified as agricultural located in a levee and drainage district that is located adjacent to both the Mississippi river and the Iowa river and consists of at least 35,000 acres shall be exempt from taxation.

Cost

See the fiscal note

The new property tax exemption created in the Bill will reduce property taxes on agricultural land located within the Two Rivers Levee and Drainage District by an estimated $491,000 compared to current law for FY 2026.

House subcommittee · named January 20, 2023

Rep. Anne Osmundson (R)
Rep. Austin Harris (R) · austin.harris@legis.iowa.gov
Rep. Charles Isenhart (D)

Lobbying · 2 for, 8 against

For: Iowa Drainage District Association; Two Rivers Levee & Drainage District

Against: BNSF Railway Co.; Boone and Scenic Valley Railroad; Burlington Junction Railway; CN Rail; Davenport Industrial Railroad; Iowa Interstate Railroad; Patriot Rail (Keokuk Junction Railway); Union Pacific Railroad

In plain words

January 20, 2023Filed in the House and sent to the Ways and Means committee
January 20, 2023House subcommittee named: Osmundson, Harris and Isenhart
January 31, 2023Subcommittee recommended passing it
February 15, 2023Approved by the House committee
February 20, 2023Approved by the House committee, and given a new number: HF 353