SSB 1180: Relating to the assessment of certain development property, and including effective date and retroactive applicability provisions

What it does

_____ housing shall continue to be assessed for taxation in the manner that it was prior to the acquisition for housing until the lot is sold for construction or occupancy of housing or five years from the date of subdivision, whichever is shorter.1 also authorizes time extensions of certain ordinances that affect the assessment of property subdivided for development of housing and authorizes the time extensions of certain ordinances by counties and by cities in the portion of the applicable area located in the incorporated area of the city.

Senate subcommittee · named February 25, 2025

• Sen. Scott Webster (R) · scott.webster@legis.iowa.gov
• Sen. Herman C. Quirmbach (D) · herman.quirmbach@legis.iowa.gov
• Sen. Dave Sires (R) · dave.sires@legis.iowa.gov

Lobbying · 4 for, 0 against

For: Hubbell Realty Company; Iowa Housing Partnership; Iowa Real Estate Developers Association; Quad Cities Chamber of Commerce

In plain words

1. February 25, 2025Filed in the Senate and sent to the Local Government committee
2. February 25, 2025Senate subcommittee named: Webster, Quirmbach and Sires
3. March 6, 2025Subcommittee recommended passing it with changes
4. March 6, 2025Approved by the Senate committee, and given a new number: SF 598