House File 616 S-3203 Amend the amendment, S-3177, to House File 616, as 1 passed by the House, as follows: 2 1. Page 1, after line 2 by inserting: 3 < ___. Page 1, before line 1 by inserting: 4 < Section 1. Section 426C.1, subsection 4, Code 5 2015, is amended by striking the subsection and 6 inserting in lieu thereof the following: 7 4. a. “Parcel” means as defined in section 445.1. 8 b. (1) For purposes of business property tax 9 credits claimed for the fiscal year beginning July 10 1, 2016, “parcel” also means that portion of a parcel 11 assigned a classification of commercial property, 12 industrial property, or railway property under 13 chapter 434 pursuant to section 441.21, subsection 13, 14 paragraph “c” . 15 (2) For purposes of business property tax credits 16 claimed for fiscal years beginning on or after July 17 1, 2017, “parcel” also means that portion of a parcel 18 assigned a classification of commercial property 19 or industrial property pursuant to section 441.21, 20 subsection 13, paragraph “c” . >> 21 2. Page 1, by striking lines 8 through 26 and 22 inserting: 23 < Sec. ___. Section 441.21, subsection 13, 24 paragraphs a and c, Code 2015, are amended to read as 25 follows: 26 a. (1) Beginning with valuations established on 27 or after For the assessment year beginning January 1, 28 2015, mobile home parks, manufactured home communities, 29 land-leased communities, assisted living facilities, 30 property primarily used or intended for human 31 habitation containing three or more separate dwelling 32 units, and that portion of a building that is used 33 or intended for human habitation and a proportionate 34 share of the land upon which the building is situated, 35 regardless of the number of dwelling units located in 36 the building, if the use for human habitation is not 37 the primary use of the building and such building is 38 not otherwise classified as residential property, shall 39 be valued as a separate class of property known as 40 multiresidential property and, excluding properties 41 referred to in section 427A.1, subsection 8 , shall 42 be assessed at a percentage of its actual value, as 43 determined in this subsection . 44 (2) Beginning with valuations established on or 45 after January 1, 2016, all of the following shall 46 be valued as a separate class of property known as 47 multiresidential property and, excluding properties 48 referred to in section 427A.1, subsection 8, shall 49 be assessed at a percentage of its actual value, as 50 -1- S3177.2126 (2) 86 md/sc 1/ 3 #1. #2.

determined in this subsection: 1 (a) Mobile home parks. 2 (b) Manufactured home communities. 3 (c) Land-leased communities. 4 (d) Assisted living facilities. 5 (e) A parcel primarily used or intended for 6 human habitation containing three or more separate 7 dwelling units. If a portion of such a parcel is 8 used or intended for a purpose that, if the primary 9 use, would be classified as commercial property or 10 industrial property, each such portion, including a 11 proportionate share of the land included in the parcel, 12 if applicable, shall be assigned the appropriate 13 classification pursuant to paragraph “c” . 14 (f) For a parcel that is primarily used or intended 15 for use as commercial property or industrial property, 16 that portion of the parcel that is used or intended 17 for human habitation, regardless of the number of 18 dwelling units contained on the parcel, including a 19 proportionate share of the land included in the parcel, 20 if applicable. The portion of such a parcel used or 21 intended for use as commercial property or industrial 22 property, including a proportionate share of the 23 land included in the parcel, if applicable, shall be 24 assigned the appropriate classification pursuant to 25 paragraph “c” . 26 c. (1) Accordingly For the assessment year 27 beginning January 1, 2015 , for parcels that, in 28 part, satisfy the requirements for classification as 29 multiresidential property, the assessor shall assign 30 to that portion of the parcel the classification of 31 multiresidential property and to such other portions of 32 the parcel the property classification for which such 33 other portions qualify. 34 (2) Beginning with valuations established on 35 or after January 1, 2016, for parcels for which a 36 portion of the parcel satisfies the requirements for 37 classification as multiresidential property pursuant to 38 paragraph “a” , subparagraph (2), subparagraph division 39 (e) or (f), the assessor shall assign to that portion 40 of the parcel the classification of multiresidential 41 property and to such other portions of the parcel the 42 property classification for which such other portions 43 qualify. > 44 3. Page 1, after line 28 by inserting: 45 < ___. Page 7, lines 3 and 4, by striking < section 46 of this Act amending section > and inserting < sections 47 of this Act amending sections 426C.1 and >> 48 -2- S3177.2126 (2) 86 md/sc 2/ 3 #3.