Relating to Iowa’s urban renewal law and urban revitalization law, by establishing provisions governing certain property used for gaming, and including effective date and applicability provisions

This bill relates to Iowa’s urban renewal and urban revitalization laws. _____ a licensee operates. The bill specifies that a minimum assessment agreement in either an urban renewal or urban revitalization area involving property upon which a licensee, issued a license to conduct gambling games pursuant to Code chapter 99F on or after January 1, 2025, will operate shall establish the minimum actual value at an amount not less than the project cost presented to the state racing and gaming commission as part of the license approval. 19, property taxes levied against a property upon which a licensee, issued a license under Code chapter 99F on or after January 1, 2025, operates.19 applies to property taxes due and payable in fiscal years beginning on or after July 1, 2025.