Text: HF02567 Text: HF02569 Text: HF02500 - HF02599 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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, ormilitary company of the state ofthe 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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