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

SF 132: Relating to the assessment and taxation of certain sanitary sewage and storm water drainage property and including 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

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.

Cost

Cost: up to $68,000

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 fo…

Senate subcommittee · named January 31, 2023

Sen. Carrie Koelker (R) · carrie.koelker@legis.iowa.gov
Sen. Dan Dawson (R) · dan.dawson@legis.iowa.gov
Sen. Herman C. Quirmbach (D) · herman.quirmbach@legis.iowa.gov

Lobbying · 2 for, 0 against

For: Iowa American Water Co.; Iowa Utility Association

In plain words

January 25, 2023Filed in the Senate and sent to the Ways and Means committee
January 31, 2023Senate subcommittee named: Koelker, Dawson and Quirmbach
February 16, 2023Cost estimate (fiscal note) posted