SSB 1208: Relating to local government property taxes, financial authority, and budgets, modifying appropriations, and including effective date, applicability, and retroactive applicability provisions

What it does

_____ the explanation’s substance by the members of the general assembly. This bill relates to local government property taxes, financial authority, and budgets. DIVISION I —— COUNTY PROPERTY TAXES AND BUDGETS.423 establishes a levy rate limitation for the general county services levy and a limitation for the rural county services levy. The bill modifies the general county services levy rate limitation for fiscal years beginning on or after July 1, 2026, but before July 1, 2031, to be a levy rate not to exceed a levy rate per $1,000 of assessed value equal to 1,000 multiplied by the quotient of 102 percent of the current fiscal year’s actual property tax dollars certified for levy for general county services divided by the remainder of the total assessed value used to calculate taxes for the budget year minus value attributable to new valuation as defined in the bill.

Senate subcommittee · named March 7, 2025

• Sen. Dan Dawson (R) · dan.dawson@legis.iowa.gov
• Sen. Tony Bisignano (D) · tony.bisignano@legis.iowa.gov
• Sen. Dawn Driscoll (R) · dawn.driscoll@legis.iowa.gov
• Sen. Janet Petersen (D) · janet.petersen@legis.iowa.gov
• Sen. David D. Rowley (R) · david.rowley@legis.iowa.gov

Lobbying · 2 for, 0 against

For: American Legion of Iowa; Iowa Association of Business and Industry (ABI)

In plain words

1. March 6, 2025Filed in the Senate and sent to the Ways and Means committee
2. March 7, 2025Senate subcommittee named: Dawson, Bisignano, Driscoll, Petersen and Rowley
3. March 27, 2025Subcommittee recommended passing it with changes