IA
Iowa Senate Bill SF17

Iowa 2025-2026 Regular Session

Iowa Senate Bill SF17

Introduced
1/14/25  

Caption

A bill for an act modifying provisions governing the taxation of forest reservations and fruit-tree reservations, and including effective date and retroactive applicability provisions.

Impact

This legislation will affect existing property tax exemptions under the Iowa Code, particularly Chapter 427C that governs forest and fruit-tree reservations. The bill imposes a requirement that property owners must maintain both the specific nature of their land as designated by the natural resource commission and their eligibility for the homestead tax credit. The implications of this change could strengthen environmental protections by encouraging only those who genuinely qualify to benefit from these exemptions, thus possibly reducing fraud and misuse of tax incentive programs.

Summary

Senate File 17 proposes modifications to the taxation regulations surrounding forest and fruit-tree reservations in Iowa. The bill aims to create a more structured framework under Chapter 427C by stipulating that property owners seeking tax exemptions for forest reservations and fruit-tree reservations must also be beneficiaries of the homestead tax credit. This requirement aims to ensure that tax relief is granted to property owners who meet certain criteria, promoting agricultural land preservation and ecological benefits that come with maintaining these spaces.

Contention

While the bill aims to streamline tax exemptions for forest and fruit-tree reservations, it may face opposition from some property owners who feel that the new requirements could complicate their ability to receive tax relief. Concerns may arise regarding the evaluation process, including inspections and the potential for increased bureaucracy in determining who qualifies for the exemptions. Furthermore, the retroactive applicability of these changes may also raise questions about the fairness to those who have previously enjoyed these tax benefits without the new conditions imposed by this bill.

Companion Bills

No companion bills found.

Previously Filed As

IA SF548

A bill for an act modifying provisions governing the taxation of forest reservations and fruit-tree reservations.(Formerly SSB 1129.)

IA SSB1129

A bill for an act modifying provisions governing the taxation of forest reservations and fruit-tree reservations.(See SF 548.)

IA HF2672

A bill for an act relating to forest and fruit-tree reservation tax exemptions, including county participation and minimum size requirements for forest reservations.(Formerly HF 2093.)

IA HF2093

A bill for an act authorizing county boards of supervisors to determine whether the county permits forest and fruit-tree reservation tax exemptions.(See HF 2672.)

IA SF2398

A bill for an act relating to state taxation by modifying alternate and individual income tax rates, and including effective date and retroactive applicability provisions.(Formerly SSB 3038.)

IA HF79

A bill for an act relating to the disabled veteran homestead tax credit and including effective date and retroactive applicability provisions.

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 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 HSB224

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.)

IA HF163

A bill for an act relating to the disabled veteran homestead tax credit and including effective date and retroactive applicability provisions.(Formerly HF 37.)

Similar Bills

No similar bills found.