All operating property and all other property that is primarily and directly used in the production, generation, transmission, or delivery of electricity or natural gas owned by or leased to a person subject to taxation under this chapter is exempt from taxation except as otherwise provided by this chapter. This exemption shall not extend to taxes imposed under chapters 437, 438, and 468, taxpayers described in section 437A.8, subsection 6, or facilities or property described in section 437A.6, subsection 1, paragraphs "a" through "f", and section 437A.7, subsection 2.
98 Acts, ch 1194, §17, 40
Referred to in § 437A.15, 437A.18, 437A.19, 437A.20
Previous Section 437A.15
Next Section 437A.17
© 1999 Cornell College and League of Women Voters of Iowa
Comments about this site or page?
webmaster@legis.iowa.gov.
Please remember that the person listed above does not vote on bills. Direct all comments concerning legislation to State Legislators.
Last update: Thu Mar 18 15:00:31 CST 1999
URL: /DOCS/IACODE/1999/437A/16.html
jhf