House Journal: Page 1864: Wednesday, April 26, 2000
16 structure continues to be used as a barn. The
17 taxpayer shall notify the assessing authority when the
18 structure ceases to be used as a barn.
19 Sec. ___. Section 25B.7 does not apply to the
20 exemption granted pursuant to section 100 of this
21 Act."
22 19. Page 17, by inserting before line 18 the
23 following:
24 "Sec. 200. Section 427.1, Code Supplement 1999, is
25 amended by adding the following new subsection:
26 NEW SUBSECTION. 32. ONE-ROOM SCHOOLHOUSE
27 PRESERVATION. The increase in assessed value added to
28 a one-room schoolhouse as a result of improvements
29 made to the structure for purposes of preserving the
30 integrity of the internal and external features of the
31 structure as a one-room schoolhouse is exempt from
32 taxation. The exemption shall apply to the assessment
33 year beginning after the completion of the
34 improvements to preserve the structure as a one-room
35 schoolhouse.
36 Application for this exemption shall be filed with
37 the assessing authority not later than February 1 of
38 the first year for which the exemption is requested,
39 on forms provided by the department of revenue and
40 finance. The application shall describe and locate
41 the specific one-room schoolhouse for which the added
42 value is requested to be exempt.
43 Once the exemption is granted, the exemption shall
44 continue to be granted for subsequent assessment years
45 without further filing of applications as long as the
46 structure is not used for dwelling purposes and the
47 structure is preserved as a one-room schoolhouse. The
48 taxpayer shall notify the assessing authority when the
49 structure ceases to be eligible. The exemption in
50 this subsection applies even though the one-room
Page 4
1 schoolhouse is no longer used for instructional
2 purposes.
3 Sec. ___. Section 25B.7 does not apply to the
4 exemption granted pursuant to section 200 of this
5 Act."
6 20. Title page, line 9, by inserting after the
7 word "purposes" the following: "and a property tax
8 exemption for increasing the value of certain barns as
9 a result of the rehabilitation of the barns,".
10 21. Title page, line 9, by inserting after the
11 word "purposes" the following: "and a property tax
12 exemption for increasing the value of one-room
13 schoolhouses as a result of the rehabilitation of the
14 one-room schoolhouses,".
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League of Women Voters of Iowa
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