Iowa 2025-2026 Regular Session

Iowa House Bill HF92

Introduced
1/17/25  

Caption

A bill for an act relating to Iowa's urban renewal law by modifying the division of revenue, and including applicability provisions.

Impact

If enacted, HF92 would adjust the financial matrix under which municipalities operate, potentially providing a more secure funding base for emergency services. By excluding these taxes from being diverted into urban renewal projects, the bill aims to safeguard critical public services from being overshadowed by the financial demands of urban development. As property taxes are a vital source of revenue for local governments, this legislative shift could influence how funding is allocated and managed within cities across Iowa.

Summary

House File 92 is a legislative proposal aimed at amending Iowa's urban renewal law, specifically concerning the division of revenue derived from property taxes. The bill intends to modify existing provisions that govern how municipal tax revenues are allocated, ensuring that certain levies, particularly those for emergency medical services, are excluded from tax increment financing mechanisms. This change is significant in that it aims to maintain a dedicated stream of funding for essential emergency services while still allowing municipalities to finance urban renewal projects and assist low- to moderate-income housing initiatives.

Contention

Notable points of contention surrounding HF92 include debates over the prioritization of emergency services funding versus urban development initiatives. Supporters of the bill argue it is imperative to ensure that vital public services do not suffer due to revenue shortfalls caused by tax diversion into urban renewal projects. Conversely, opponents may argue that restricting the funding sources for urban renewal could hinder economic growth and revitalization efforts in struggling areas. This reflects a broader concern regarding balancing the needs for adequate public services with the aspirations for urban improvement.

Companion Bills

No companion bills found.

Previously Filed As

IA SF550

A bill for an act relating to state and local revenue and finances by modifying sales and use taxes, the charitable conservation contribution tax credit available against individual and corporate income taxes, the water service tax, property taxes, transit funding, and local option taxes, crediting moneys to the natural resources and outdoor recreation trust fund, modifying allocations of road use tax fund moneys, making appropriations, and including effective date, retroactive applicability, and applicability provisions.(Formerly SSB 1125.)

IA HF715

A bill for an act relating to state and local finance and the administration of the tax and related laws by the department of revenue, and including effective date, applicability, and retroactive applicability provisions.(Formerly HSB 187.)

IA HF1

A bill for an act relating to local government funding by modifying school district funding provisions, property assessment provisions, and bond issuance requirements, and including effective date and applicability provisions.(See HF 718.)

IA HSB187

A bill for an act relating to state and local finance and the administration of the tax and related laws by the department of revenue, and including effective date, applicability, and retroactive applicability provisions.(See HF 715.)

IA SSB1148

A bill for an act relating to state and local finance and the administration of the tax and related laws by the department of revenue, and including effective date, applicability, and retroactive applicability provisions.(See SF 565.)

IA SSB1125

A bill for an act relating to state and local revenue and finances by modifying sales and use taxes, the charitable conservation contribution tax credit available against individual and corporate income taxes, the water service tax, property taxes, transit funding, and local option taxes, crediting moneys to the natural resources and outdoor recreation trust fund, making appropriations, and including effective date, retroactive applicability, and applicability provisions.(See SF 550.)

IA SF352

A bill for an act relating to emergency management services and emergency medical services and including applicability provisions.(Formerly SF 41; See SF 570, SF 2426.)

IA SF565

A bill for an act relating to state and local finance and the administration of the tax and related laws by the department of revenue, and including effective date, applicability, and retroactive applicability provisions. (Formerly SSB 1148.) Effective date: 06/01/2023, 07/01/2023, 01/01/2024, 01/01/2026. Applicability date: 01/01/2023, 07/01/2024.

IA SF570

A bill for an act relating to emergency management services and emergency medical services and including applicability provisions.(Formerly SF 352, SF 41; See SF 2426.)

IA HSB561

A bill for an act relating to emergency management services and emergency medical services and including applicability provisions.

Similar Bills

No similar bills found.