House File 2458 S-5163 Amend the amendment, S-5152, to House File 2458, 1 as amended, passed, and reprinted by the House, as 2 follows: 3 1. Page 19, after line 3 by inserting: 4 < DIVISION ___ 5 RECREATIONAL LAKE AND WATER QUALITY DISTRICTS 6 Sec. ___. NEW SECTION . 357E.15 Exemption from 7 taxation —— refunds. 8 1. The property and facilities of a district shall 9 not be taxable in any manner by the state or any of its 10 political subdivisions. 11 2. A district is a tax-certifying body for purposes 12 of section 423.4, subsection 1. 13 Sec. ___. Section 427.1, subsection 2, Code 2014, 14 is amended to read as follows: 15 2. Municipal and military property. The property 16 of a county, township, city, school corporation, levee 17 district, drainage district, district organized under 18 chapter 357E, or the Iowa national guard, when devoted 19 to public use and not held for pecuniary profit, except 20 property of a municipally owned electric utility held 21 under joint ownership and property of an electric 22 power facility financed under chapter 28F or 476A that 23 shall be subject to taxation under chapter 437A and 24 facilities of a municipal utility that are used for 25 the provision of local exchange services pursuant to 26 chapter 476 , but only to the extent such facilities 27 are used to provide such services, which shall be 28 subject to taxation under chapter 433 , except that 29 section 433.11 shall not apply. The exemption for 30 property owned by a city or county also applies to 31 property which is operated by a city or county as a 32 library, art gallery or museum, conservatory, botanical 33 garden or display, observatory or science museum, or 34 as a location for holding athletic contests, sports 35 or entertainment events, expositions, meetings or 36 conventions, or leased from the city or county for 37 any such purposes, or leased from the city or county 38 by the Iowa national guard or by a federal agency for 39 the benefit of the Iowa national guard when devoted 40 for public use and not for pecuniary profit. Food and 41 beverages may be served at the events or locations 42 without affecting the exemptions, provided the city 43 has approved the serving of food and beverages on the 44 property if the property is owned by the city or the 45 county has approved the serving of food and beverages 46 on the property if the property is owned by the 47 county. The exemption for property owned by a city or 48 county also applies to property which is located at an 49 airport and leased to a fixed base operator providing 50 -1- S5152.4060 (2) 85 da/jp 1/ 2 #1.

aeronautical services to the public. 1 Sec. ___. IMPLEMENTATION OF ACT. Section 2 25B.7 does not apply to the property tax exemption 3 established in this division of this Act. 4 Sec. ___. EFFECTIVE UPON ENACTMENT. This division 5 of this Act, being deemed of immediate importance, 6 takes effect upon enactment. 7 Sec. ___. RETROACTIVE APPLICABILITY. This division 8 of this Act applies retroactively to January 1, 2014, 9 for property tax assessment years beginning on or after 10 that date. 11 Sec. ___. RETROACTIVE APPLICABILITY. This division 12 of this Act applies retroactively to January 1, 2014, 13 for sales and use tax paid on or after that date. > 14 2. Page 19, line 41, after < protection, > by 15 inserting < providing for taxable property, > 16 3. Page 19, line 42, after < date > by inserting < and 17 retroactive applicability > 18 4. By renumbering as necessary. 19 ______________________________ DAN ZUMBACH ______________________________ DENNIS H. BLACK -2- S5152.4060 (2) 85 da/jp 2/ 2 #2. #3. #4.