A bill for an act relating to the assessment and taxation of certain sanitary sewage and storm water drainage property and including applicability provisions.(See HF 207.)
Impact
The implementation of HSB64 is set to take effect for assessment years beginning January 1, 2024. The bill's primary impact relates to the financial obligations of public utilities, as it seeks to exempt certain properties associated with sewage and storm water drainage from property taxes. This legislative change could incentivize improvements in public utilities' infrastructure, leading to enhanced service delivery for residents while also potentially reducing local government tax revenues from these properties.
Summary
House Study Bill 64 (HSB64) proposes amendments to the assessment and taxation of sanitary sewage and storm water drainage property in Iowa. Specifically, the bill aims to establish a property tax exemption for properties owned or operated by public utilities that are used for providing sanitary sewage or storm water drainage services. This is intended to alleviate the financial burden on utility operators and encourage the maintenance and development of effective sewage and drainage systems that are essential for public health and safety.
Contention
Discussions surrounding HSB64 could center on the balance between providing financial relief to public utilities and the implications for local government funding. While proponents may argue that the exemption serves to promote essential public health services by enhancing infrastructure investment, critics may express concerns about the loss of property tax revenue, which could affect funding for local services and programs. Stakeholders may emphasize the need for a thorough assessment of how such tax exemptions could redistribute the financial responsibilities between state and local governments.
Replaced by
A bill for an act relating to the assessment and taxation of certain sanitary sewage and storm water drainage property and including applicability provisions.
IA HF207
Replaced by
A bill for an act relating to the assessment and taxation of certain sanitary sewage and storm water drainage property and including effective date and retroactive applicability provisions. (Formerly HSB 64.) Effective date: 05/01/2024. Applicability date: 01/01/2024.
A bill for an act relating to the assessment and taxation of certain sanitary sewage and storm water drainage property and including applicability provisions.
A bill for an act relating to the assessment and taxation of certain sanitary sewage and storm water drainage property and including effective date and retroactive applicability provisions. (Formerly HSB 64.) Effective date: 05/01/2024. Applicability date: 01/01/2024.
A bill for an act relating to property taxation for commercial child care centers and facilities and including effective date, applicability, and retroactive applicability provisions.(See HF 668.)
A bill for an act establishing an exemption for certain property classified as agricultural based on levee and drainage district assessments.(See HF 353.)
A bill for an act exempting certain structures from inclusion in property assessments, and including effective date and retroactive applicability provisions.
A bill for an act relating to levee and drainage districts by establishing certain definitions and establishing an exemption for certain property classified as agricultural based on levee and drainage district assessments. (Formerly HSB 66.)
A bill for an act relating to the assessment of property containing certain aboveground storage tanks and including effective date and retroactive applicability provisions.(Formerly HSB 67.)