Text: HSB00260 Text: HSB00262 Text: HSB00200 - HSB00299 Text: HSB Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Section 1. All acts and proceedings relating to Ordinance
1 2 No. 2002-20 passed by the City Council for the City of
1 3 Urbandale on December 10, 2002, approving a partial exemption
1 4 from property taxation of the actual value added to industrial
1 5 real estate in accordance with chapter 427B for the property
1 6 legally described as lot 2, Crossroads Business Park, plat 4,
1 7 according to the official plat in and forming a part of the
1 8 City of Urbandale, Polk County, Iowa, are legalized,
1 9 validated, and confirmed.
1 10 Sec. 2. The acts and proceedings relating to the ordinance
1 11 as legalized, validated, and confirmed pursuant to section 1
1 12 are deemed to constitute prior approval as provided in section
1 13 427B.4 entitling the industrial real estate described in
1 14 section 1 to the partial exemption from property taxation as
1 15 otherwise provided in section 427B.3 as set forth in the
1 16 ordinance.
1 17 Sec. 3. This Act is effective upon enactment and is
1 18 retroactively applicable on and after December 10, 2002. In
1 19 accordance with the ordinance, the amount of actual value
1 20 added which is eligible to be exempt from taxation shall be
1 21 calculated in accordance with the schedule provided in section
1 22 427B.3 beginning on and after January 3, 2003. This Act shall
1 23 not be construed to entitle a person to a refund or adjustment
1 24 of property taxes paid prior to January 3, 2003.
1 25 EXPLANATION
1 26 This bill legalizes acts and proceedings relating to an
1 27 ordinance passed by the Urbandale city council on December 10,
1 28 2002, approving a partial exemption from property taxation of
1 29 the actual value added to industrial real estate located in
1 30 Urbandale in accordance with Code chapter 427B. According to
1 31 Code section 427B.4, an application for the property tax
1 32 exemption must be filed with a city council prior to
1 33 construction. In this case, the city council approved the tax
1 34 exemption after construction.
1 35 The bill provides that the exemption must be calculated in
2 1 accordance with the schedule provided in Code section 427B.3
2 2 beginning on and after the effective date of the city
2 3 council's ordinance (January 3, 2003). The bill also provides
2 4 that its provisions are not to be construed to entitle a
2 5 person to a refund or adjustment of property taxes paid prior
2 6 to that date.
2 7 The bill is effective upon enactment and is retroactively
2 8 applicable to the date that the city council passed the
2 9 ordinance.
2 10 LSB 1704HC 80
2 11 da/pj/5.1
Text: HSB00260 Text: HSB00262 Text: HSB00200 - HSB00299 Text: HSB Index Bills and Amendments: General Index Bill History: General Index
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