Senate File 183 - Introduced





                                       SENATE FILE       
                                       BY  OLIVE, DOTZLER, and WIECK


    Passed Senate, Date               Passed House, Date             
    Vote:  Ayes        Nays           Vote:  Ayes        Nays         
                 Approved                            

                                      A BILL FOR

  1 An Act relating to property assessment and taxation by creating a
  2    recreational class of property.
  3 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
  4 TLSB 2313XS 83
  5 md/sc/14

PAG LIN



  1  1    Section 1.  Section 441.21, Code 2009, is amended by adding
  1  2 the following new subsection:
  1  3    NEW SUBSECTION.  13.  a.  Beginning with valuations
  1  4 established on or after January 1, 2010, property described in
  1  5 this subsection shall be valued as a separate class of
  1  6 property called recreational property and shall be assessed at
  1  7 fifty percent of its actual value.  Recreational property is
  1  8 subject to reassessment by the assessor and is subject to the
  1  9 same equalization percentage amount determined by the director
  1 10 of revenue pursuant to section 441.49 as is ordered for
  1 11 commercial property.
  1 12    b.  For purposes of this subsection, "recreational
  1 13 property" means a golf course, downhill skiing area,
  1 14 campground, amusement park, or water theme park, if such
  1 15 property is operated as a commercial enterprise and otherwise
  1 16 subject to taxation.
  1 17                           EXPLANATION
  1 18    This bill creates a new class of property, recreational
  1 19 property, for purposes of property assessment and taxation,
  1 20 beginning with valuations established on or after January 1,
  1 21 2010.  The bill describes recreational property as a golf
  1 22 course, downhill skiing area, campground, amusement park, or
  1 23 water theme park, all of which are operated as a commercial
  1 24 enterprise and are otherwise subject to taxation.  The bill
  1 25 provides that recreational property shall be assessed for
  1 26 taxation at 50 percent of its actual value.
  1 27 LSB 2313XS 83
  1 28 md/sc/14