House
File
2463
-
Introduced
HOUSE
FILE
2463
BY
COMMITTEE
ON
WAYS
AND
MEANS
(SUCCESSOR
TO
HF
2004)
A
BILL
FOR
An
Act
amending
the
definition
of
small
city
for
purposes
of
1
eligibility
under
the
workforce
housing
tax
incentives
2
program,
including
effective
date
and
applicability
3
provisions.
4
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
5
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5266HV
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2463
Section
1.
Section
15.352,
subsection
10,
Code
2018,
is
1
amended
to
read
as
follows:
2
10.
“Small
city”
means
any
city
or
township
located
in
this
3
state,
except
those
located
wholly
within
one
or
more
of
the
4
eleven
most
populous
counties
in
the
state,
as
determined
by
5
the
most
recent
federal
decennial
census.
For
the
purposes
of
6
this
part,
a
small
city
that
is
located
in
more
than
one
county
7
shall
be
considered
to
be
located
in
the
county
having
the
8
greatest
taxable
base
within
the
small
city.
9
Sec.
2.
EFFECTIVE
DATE.
This
Act,
being
deemed
of
immediate
10
importance,
takes
effect
upon
enactment.
11
Sec.
3.
APPLICABILITY.
This
Act
applies
to
housing
projects
12
registered
by
the
authority
under
the
workforce
housing
tax
13
incentives
program
on
or
after
the
effective
date
of
this
Act.
14
EXPLANATION
15
The
inclusion
of
this
explanation
does
not
constitute
agreement
with
16
the
explanation’s
substance
by
the
members
of
the
general
assembly.
17
The
workforce
housing
tax
incentive
program
(program)
18
administered
by
the
Iowa
economic
development
authority
19
(authority)
provides
various
tax
incentives
to
taxpayers
who
20
complete
certain
housing
projects
in
Iowa.
The
total
tax
21
incentives
issued
per
fiscal
year
cannot
exceed
$20
million,
22
and
$5
million
of
that
total
cap
must
be
reserved
for
tax
23
incentives
issued
to
housing
projects
located
in
small
cities.
24
Under
current
law,
the
definition
of
“small
city”
includes
25
any
city
or
township
not
located
within
the
11
most
populous
26
counties
in
the
state.
When
a
city
is
located
in
more
than
one
27
county,
it
is
considered
to
be
located
in
the
county
having
the
28
greatest
taxable
base
within
the
city.
29
The
bill
amends
the
definition
of
“small
city”
for
purposes
30
of
the
program
to
be
any
city
or
township
not
located
wholly
31
within
one
or
more
of
the
11
most
populous
counties
in
the
32
state.
In
other
words,
any
city
or
township
located
in
whole
33
or
in
part
in
one
of
the
88
least
populated
counties
in
Iowa
34
will
qualify
as
a
small
city
under
the
program.
35
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2463
The
bill
takes
effect
upon
enactment,
and
applies
to
housing
1
projects
registered
by
the
authority
under
the
program
on
or
2
after
that
date.
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