Text: HF02567                           Text: HF02569
Text: HF02500 - HF02599                 Text: HF Index
Bills and Amendments: General Index     Bill History: General Index



House File 2568

Partial Bill History

Bill Text

PAG LIN
  1  1    Section 1.  Section 427.1, subsection 2, Code Supplement
  1  2 1999, is amended to read as follows:
  1  3    2.  MUNICIPAL AND MILITARY PROPERTY.  The property of a
  1  4 county, township, city, school corporation, levee district,
  1  5 drainage district, or military company of the state of the
  1  6 Iowa national guard, when devoted to public use and not held
  1  7 for pecuniary profit, except property of a municipally owned
  1  8 electric utility held under joint ownership and property of an
  1  9 electric power facility financed under chapter 28F which shall
  1 10 be subject to taxation under chapter 437A and facilities of a
  1 11 municipal utility that are used for the provision of local
  1 12 exchange services pursuant to chapter 476, but only to the
  1 13 extent such facilities are used to provide such services,
  1 14 which shall be subject to taxation under chapter 433, except
  1 15 that section 433.11 shall not apply.  The exemption for
  1 16 property owned by a city or county also applies to property
  1 17 which is operated by a city or county as a library, art
  1 18 gallery or museum, conservatory, botanical garden or display,
  1 19 observatory or science museum, or as a location for holding
  1 20 athletic contests, sports or entertainment events,
  1 21 expositions, meetings or conventions, or leased from the city
  1 22 or county for any such purposes, or leased from the city or
  1 23 county by the Iowa national guard or by a federal agency for
  1 24 the benefit of the Iowa national guard when devoted for public
  1 25 use and not for pecuniary profit.  Food and beverages may be
  1 26 served at the events or locations without affecting the
  1 27 exemptions, provided the city has approved the serving of food
  1 28 and beverages on the property if the property is owned by the
  1 29 city or the county has approved the serving of food and
  1 30 beverages on the property if the property is owned by the
  1 31 county.  
  1 32                           EXPLANATION
  1 33    This bill provides that property of the Iowa national guard
  1 34 is exempt from property tax when it is devoted for public use
  1 35 and not for pecuniary gain.  Property leased by a city or
  2  1 county to the Iowa national guard or to a federal agency for
  2  2 the benefit of the Iowa national guard is also exempt from
  2  3 property taxation.  
  2  4 LSB 7045HV 78
  2  5 mg/cls/14
     

Text: HF02567                           Text: HF02569
Text: HF02500 - HF02599                 Text: HF Index
Bills and Amendments: General Index     Bill History: General Index

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