Senate Amendment to House File 616 H-1382 Amend House File 616, as passed by the House, as 1 follows: 2 1. Page 1, before line 1 by inserting: 3 < Section 1. Section 426C.1, subsection 4, Code 4 2015, is amended by striking the subsection and 5 inserting in lieu thereof the following: 6 4. a. “Parcel” means as defined in section 445.1. 7 b. (1) For purposes of business property tax 8 credits claimed for the fiscal year beginning July 9 1, 2016, “parcel” also means that portion of a parcel 10 assigned a classification of commercial property, 11 industrial property, or railway property under 12 chapter 434 pursuant to section 441.21, subsection 13, 13 paragraph “c” . 14 (2) For purposes of business property tax credits 15 claimed for fiscal years beginning on or after July 16 1, 2017, “parcel” also means that portion of a parcel 17 assigned a classification of commercial property 18 or industrial property pursuant to section 441.21, 19 subsection 13, paragraph “c” . > 20 2. Page 1, line 5, by striking < 2016, > and 21 inserting < 2017, > 22 3. Page 1, line 10, by striking < 2016, > and 23 inserting < 2017, > 24 4. Page 1, before line 13 by inserting: 25 < Sec. ___. Section 441.21, subsection 13, 26 paragraphs a and c, Code 2015, are amended to read as 27 follows: 28 a. (1) Beginning with valuations established on 29 or after For the assessment year beginning January 1, 30 2015, mobile home parks, manufactured home communities, 31 land-leased communities, assisted living facilities, 32 property primarily used or intended for human 33 habitation containing three or more separate dwelling 34 units, and that portion of a building that is used 35 or intended for human habitation and a proportionate 36 share of the land upon which the building is situated, 37 regardless of the number of dwelling units located in 38 the building, if the use for human habitation is not 39 the primary use of the building and such building is 40 not otherwise classified as residential property, shall 41 be valued as a separate class of property known as 42 multiresidential property and, excluding properties 43 referred to in section 427A.1, subsection 8 , shall 44 be assessed at a percentage of its actual value, as 45 determined in this subsection . 46 (2) Beginning with valuations established on or 47 after January 1, 2016, all of the following shall 48 be valued as a separate class of property known as 49 multiresidential property and, excluding properties 50 -1- HF616.2165.S (1) 86 jh 1/ 3 #1. #2. #3. #4.

referred to in section 427A.1, subsection 8, shall 1 be assessed at a percentage of its actual value, as 2 determined in this subsection: 3 (a) Mobile home parks. 4 (b) Manufactured home communities. 5 (c) Land-leased communities. 6 (d) Assisted living facilities. 7 (e) A parcel primarily used or intended for 8 human habitation containing three or more separate 9 dwelling units. If a portion of such a parcel is 10 used or intended for a purpose that, if the primary 11 use, would be classified as commercial property or 12 industrial property, each such portion, including a 13 proportionate share of the land included in the parcel, 14 if applicable, shall be assigned the appropriate 15 classification pursuant to paragraph “c” . 16 (f) For a parcel that is primarily used or intended 17 for use as commercial property or industrial property, 18 that portion of the parcel that is used or intended 19 for human habitation, regardless of the number of 20 dwelling units contained on the parcel, including a 21 proportionate share of the land included in the parcel, 22 if applicable. The portion of such a parcel used or 23 intended for use as commercial property or industrial 24 property, including a proportionate share of the 25 land included in the parcel, if applicable, shall be 26 assigned the appropriate classification pursuant to 27 paragraph “c” . 28 c. (1) Accordingly For the assessment year 29 beginning January 1, 2015 , for parcels that, in 30 part, satisfy the requirements for classification as 31 multiresidential property, the assessor shall assign 32 to that portion of the parcel the classification of 33 multiresidential property and to such other portions of 34 the parcel the property classification for which such 35 other portions qualify. 36 (2) Beginning with valuations established on 37 or after January 1, 2016, for parcels for which a 38 portion of the parcel satisfies the requirements for 39 classification as multiresidential property pursuant to 40 paragraph “a” , subparagraph (2), subparagraph division 41 (e) or (f), the assessor shall assign to that portion 42 of the parcel the classification of multiresidential 43 property and to such other portions of the parcel the 44 property classification for which such other portions 45 qualify. > 46 5. By striking page 6, line 34, through page 7, 47 line 2. 48 6. Page 7, lines 3 and 4, by striking < section of 49 this Act amending section > and inserting < sections of 50 -2- HF616.2165.S (1) 86 jh 2/ 3 #5.

this Act amending sections 426C.1 and > 1 7. Title page, line 2, after < provisions, > by 2 inserting < modifying property classifications, > 3 8. Title page, line 6, by striking < effective date 4 and > 5 9. By renumbering as necessary. 6 -3- HF616.2165.S (1) 86 jh 3/ 3 #7. #8.