Proyectos de ley › 90.ª Asamblea General
Dónde está ahora
- Hecho: Presentado22 de febrero de 2024
- Hecho: Subcomité22 de febrero de 2024
- Hecho: Comité de la Cámara6 de marzo de 2024
- Se saltó: Lo aprueba la CámaraSigue como HF 2655
- Sigue: Comité del Senado
- Sigue: Lo aprueba el Senado
- Sigue: A gobernador(a)
- Sigue: Firmado como ley
Ahora es HF 2655 → Sigue avanzando con el número nuevo. Ir a HF 2655 ¿Qué es el embudo (funnel)?
Qué contiene
Resumen con IA Owners of buildings used mostly for child care could pay lower property taxes under this new rule. Instead of using the standard commercial tax calculation, these facilities would use a special formula similar to how residential homes are taxed. To get this lower rate, owners must apply for approval from their county board of supervisors. (Todavía no está traducido al español.)1
Lea la explicación oficial (en inglés)
This bill relates to assessment limitations for property taxation purposes for commercial child care facilities, and includes effective date, applicability, and retroactive applicability provisions.21(5) determines the amount of actual value of commercial property that is subject to property tax. _____ 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 that is primarily used as a child care facility from the calculation of the actual value of the property. The bill instead specifies that for assessment years beginning on or after January 1, 2024, the amount of actual value used as child care facilities that is subject to tax is equal to the product of the assessment limitation percentage applicable to residential property multiplied by the actual value of the property provided that the property owner has applied for the assessment limitation and the county board of supervisors has allowed such an assessment limitation. The bill establishes application procedures, approval procedures, and recordkeeping procedures for the assessment limitation. The bill makes conforming changes to reflect the child care facility assessment limitation. The bill takes effect upon enactment. The bill applies retroactively to assessment years beginning on or after January 1, 2024, and applies to payments to local governments for fiscal years beginning on or after July 1, 2025.
House subcommittee
Named February 22, 2024. On February 29, 2024 it recommended passage. Vote Total: 3-0.
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
Nota fiscal
Resumen con IA This bill allows for-profit commercial child care centers to be taxed at the same residential property assessment rate for their entire property value rather than just the first $150,000. It is estimated to reduce local property tax revenues by $17.7 million in fiscal year 2026, $19.0 million in fiscal year 2027, $20.3 million in fiscal year 2028, $21.8 million in fiscal year 2029, and $23.3 million in fiscal year 2030. The state's General Fund is estimated to increase its appropriations for the School Foundation Aid formula by $2.5 million in fiscal year 2026, $2.7 million in fiscal year 2027, $2.9 million in fiscal year 2028, $3.1 million in fiscal year 2029, and $3.3 million in fiscal year 2030. (en inglés)3
De la nota: House File 2655 is estimated to reduce local property tax revenues and, by operation of the School Foundation Aid Formula, increase the total General Fund appropriation. 3 million in FY 2030. 40 of the levy rate applied to the reduced taxable property valuation. 3)$ * In this table, "Centers" refers to commercial child care centers.
- Property Tax, Child Care Facility Valuations · 13 de marzo de 2024
Lo que cambia del Código de Iowa (Iowa Code)
Modifica§441.21
Cabildeo
9 a favor · 0 en contra · 21 indecisos · Quiénes →
Family tree
90th General Assembly
Picked up later
Earlier and later bills are matched by wording or an identical title.
Similar bills
- HF 991 Placing assessment limitations for property tax purposes on commercial child care faciliti…91st General Assembly · Passed HouseNearly identical
Matched by wording or an identical title.