House
File
641
AN
ACT
AUTHORIZING
THE
ESTABLISHMENT
OF
REINVESTMENT
DISTRICTS
FOLLOWING
APPROVAL
OF
THE
ECONOMIC
DEVELOPMENT
AUTHORITY
BOARD,
PROVIDING
FOR
THE
REMITTANCE
OF
CERTAIN
STATE
SALES
TAX
REVENUES
AND
CERTAIN
STATE
HOTEL
AND
MOTEL
TAX
REVENUES
TO
MUNICIPALITIES,
ESTABLISHING
A
STATE
REINVESTMENT
DISTRICT
FUND,
AND
MAKING
APPROPRIATIONS.
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
Section
1.
NEW
SECTION
.
15J.1
Short
title.
This
chapter
shall
be
known
and
may
be
cited
as
the
“Iowa
Reinvestment
Act”
.
Sec.
2.
NEW
SECTION
.
15J.2
Definitions.
As
used
in
this
chapter,
unless
the
context
otherwise
requires:
1.
“Board”
means
the
same
as
defined
in
section
15.102.
2.
“Commencement
date”
means
the
date
established
for
each
district
by
the
board
under
section
15J.4,
subsection
3,
upon
which
the
calculation
of
new
state
sales
tax
and
new
state
hotel
and
motel
tax
revenue
shall
begin
under
section
15J.5
for
deposit
in
the
fund.
3.
“Department”
means
the
department
of
revenue.
4.
“District”
means
the
area
within
a
municipality
that
is
designated
a
reinvestment
district
pursuant
to
section
15J.4.
5.
“Fund”
means
the
state
reinvestment
district
fund
created
in
section
15J.6.
6.
“Governing
body”
means
the
county
board
of
supervisors,
city
council,
or
other
body
in
which
the
legislative
powers
of
the
municipality
are
vested.
7.
“Municipality”
means
a
county
or
an
incorporated
city.
8.
“New
lessor”
means
a
lessor,
as
defined
in
section
House
File
641,
p.
2
423A.2,
operating
a
business
in
the
district
that
was
not
in
operation
in
the
area
of
the
district
before
the
effective
date
of
the
ordinance
establishing
the
district,
regardless
of
ownership.
“New
lessor”
also
includes
any
lessor,
defined
in
section
423A.2,
operating
a
business
in
the
district
if
the
place
of
business
for
that
business
is
the
subject
of
a
project
that
was
approved
by
the
board.
9.
“New
retail
establishment”
means
a
business
operated
in
the
district
by
a
retailer,
as
defined
in
section
423.1,
that
was
not
in
operation
in
the
area
of
the
district
before
the
effective
date
of
the
ordinance
establishing
the
district,
regardless
of
ownership.
“New
retail
establishment”
also
includes
any
business
operated
in
the
district
by
a
retailer,
as
defined
in
section
423.1,
if
the
place
of
business
for
that
retail
establishment
is
the
subject
of
a
project
that
was
approved
by
the
board.
10.
“Project”
means
a
vertical
improvement
constructed
or
substantially
improved
within
a
district
using
sales
tax
revenues
and
hotel
and
motel
tax
revenues
received
by
a
municipality
pursuant
to
this
chapter.
“Project”
does
not
include
any
of
the
following:
a.
A
building,
structure,
or
other
facility
that
is
in
whole
or
in
part
used
or
intended
to
be
used
to
conduct
gambling
games
under
chapter
99F.
b.
A
building,
structure,
or
other
facility
that
is
in
whole
or
in
part
used
or
intended
to
be
used
as
a
hotel
or
motel
if
such
hotel
or
motel
is
connected
to
or
operated
in
conjunction
with
a
building,
structure,
or
other
facility
described
in
paragraph
“a”
.
11.
“State
hotel
and
motel
tax”
means
the
state-imposed
tax
under
section
423A.3.
12.
“State
sales
tax”
means
the
sales
and
services
tax
imposed
pursuant
to
section
423.2.
13.
“Substantially
improved”
means
that
the
cost
of
the
improvements
are
equal
to
or
exceed
fifty
percent
of
the
assessed
value
of
the
property,
excluding
the
land,
prior
to
such
improvements.
14.
“Vertical
improvement”
means
a
building
that
is
wholly
or
partially
above
grade
and
all
appurtenant
structures
to
the
building.
Sec.
3.
NEW
SECTION
.
15J.3
Preapplication
process.
The
board
may
establish
by
rule
a
preapplication
process
to
provide
information
related
to
the
requirements
of
this
House
File
641,
p.
3
chapter,
to
determine
the
interest
of
municipalities
in
establishing
districts
under
this
chapter,
and
to
assist
municipalities
in
preparing
a
proposed
district
plan.
Sec.
4.
NEW
SECTION
.
15J.4
District
establishment
——
approval.
1.
A
municipality
that
has
an
area
suitable
for
development
within
the
boundaries
of
the
municipality
is
eligible
to
seek
approval
from
the
board
to
establish
a
reinvestment
district
under
this
section
consisting
of
the
area
suitable
for
development.
To
be
designated
a
reinvestment
district,
an
area
shall
meet
the
following
requirements:
a.
The
area
consists
only
of
parcels
of
real
property
that
the
governing
body
of
the
municipality
determines
will
be
directly
and
substantially
benefited
by
development
in
the
proposed
district.
b.
The
area
is
in
whole
or
in
part
either
an
economic
development
enterprise
zone
designated
under
chapter
15E,
division
XVIII,
or
an
urban
renewal
area
established
pursuant
to
chapter
403.
c.
The
area
consists
of
contiguous
parcels
and
does
not
exceed
twenty-five
acres
in
total.
d.
For
a
municipality
that
is
a
city,
the
area
does
not
include
the
entire
incorporated
area
of
the
city.
e.
The
area
is
not
located
in
whole
or
in
part
within
another
district
established
under
this
chapter.
2.
Prior
to
submission
to
the
board
for
approval
under
subsection
3,
a
proposed
district
plan
shall
be
developed
and
approved
by
resolution
of
the
governing
body
of
the
municipality.
The
proposed
district
plan
shall
state
the
governing
body’s
intent
to
establish
a
district.
The
proposed
district
plan
shall
also
include
all
of
the
following:
a.
A
finding
by
the
governing
body
that
the
area
in
the
proposed
district
is
an
area
suitable
for
development.
b.
A
legal
description
of
the
real
estate
forming
the
boundaries
of
the
area
to
be
included
in
the
proposed
district
along
with
a
map
depicting
the
existing
parcels
of
real
estate
located
in
the
proposed
district.
c.
A
list
of
the
names
and
addresses
of
the
owners
of
record
of
the
parcels
to
be
included
in
the
proposed
district.
d.
A
list
of
all
projects
proposed
to
be
undertaken
within
the
district,
a
detailed
description
of
those
projects,
and
a
project
plan
for
each
proposed
project.
Each
project
plan
shall
clearly
state
the
estimated
cost
of
the
proposed
project,
House
File
641,
p.
4
the
anticipated
funding
sources
for
the
proposed
project,
the
amount
of
anticipated
funding
from
each
such
source,
and
the
amount
and
type
of
debt,
if
any,
to
be
incurred
by
the
municipality
to
fund
the
proposed
project,
and
shall
include
a
proposed
project
feasibility
study
conducted
by
an
independent
professional
with
expertise
in
economic
development
and
public
finance.
The
project
plan
for
the
project
that
proposes
the
largest
amount
of
capital
investment
among
all
proposed
projects
within
the
district
shall
include
an
estimate
of
the
date
that
construction
of
the
project
will
be
completed
and
of
the
date
that
operations
will
begin
at
the
project.
The
feasibility
study
shall
include
projections
and
analysis
of
all
of
the
following:
(1)
The
amount
of
gross
revenues
expected
to
be
collected
in
the
district
as
a
result
of
the
proposed
project
for
each
year
that
the
district
is
in
existence.
(2)
A
detailed
explanation
of
the
manner
and
extent
to
which
the
proposed
project
will
contribute
to
the
economic
development
of
the
state
and
the
municipality,
including
an
analysis
of
the
proposed
project’s
economic
impact.
The
analysis
shall
include
the
same
components
and
be
conducted
in
the
same
manner
as
the
economic
impact
study
required
under
paragraph
“e”
.
(3)
An
estimate
of
the
number
of
visitors
or
customers
the
proposed
project
will
generate
during
each
year
that
the
district
exists.
(4)
A
description
of
the
unique
characteristics
of
the
proposed
project.
e.
An
economic
impact
study
for
the
proposed
district
conducted
by
an
independent
economist
retained
by
the
municipality.
The
economic
impact
study
shall,
at
a
minimum,
do
all
of
the
following:
(1)
Contain
a
detailed
analysis
of
the
financial
benefit
of
the
proposed
district
to
the
economy
of
the
state
and
the
municipality.
(2)
Identify
one
or
more
projected
market
areas
in
which
the
district
can
reasonably
be
expected
to
have
a
substantial
economic
impact.
(3)
Assess
the
fiscal
and
financial
impact
of
the
proposed
district
on
businesses
or
on
other
economic
development
projects
within
the
projected
market
area.
3.
a.
The
municipality
shall
submit
a
copy
of
the
resolution,
the
proposed
district
plan,
and
all
accompanying
House
File
641,
p.
5
materials
adopted
pursuant
to
this
section
to
the
board
for
evaluation.
The
board
shall
not
approve
a
proposed
district
plan
or
an
amendment
to
an
existing
district’s
plan
on
or
after
July
1,
2018.
b.
The
board
shall
evaluate
each
municipality’s
proposed
district
plan
and
accompanying
materials
and
shall
approve
the
district
plan
and
establishment
of
the
district
if
the
board
determines
that,
in
addition
to
other
criteria
established
by
the
board
by
rule,
all
of
the
following
conditions
are
met:
(1)
The
area
of
the
municipality
proposed
to
be
included
in
the
district
meets
the
requirements
of
subsection
1.
(2)
The
projects
proposed
to
be
undertaken
in
the
district
are
of
a
unique
nature
and
will
have
a
substantial
beneficial
impact
on
the
economy
of
the
state
and
the
economy
of
the
municipality.
(3)
The
proposed
funding
sources
for
each
proposed
project
are
feasible.
(4)
At
least
one
of
the
projects
proposed
to
be
undertaken
in
the
district
includes
a
capital
investment
of
at
least
ten
million
dollars.
(5)
The
total
amount
of
proposed
funding
from
state
sales
tax
revenues
and
state
hotel
and
motel
tax
revenue
to
be
remitted
to
the
municipality
from
the
state
reinvestment
district
fund
under
section
15J.6
for
all
proposed
projects
in
the
proposed
district
plan
does
not
exceed
thirty-five
percent
of
the
total
cost
of
all
proposed
projects
in
the
proposed
district
plan.
(6)
The
amount
of
proposed
capital
investment
within
the
proposed
district
related
to
retail
businesses
in
the
proposed
district
does
not
exceed
fifty
percent
of
the
total
capital
investment
for
all
proposed
projects
in
the
proposed
district
plan.
For
the
purposes
of
this
subparagraph,
“retail
business”
means
any
business
engaged
in
the
business
of
selling
tangible
personal
property
or
taxable
services
at
retail
in
this
state
that
is
obligated
to
collect
state
sales
or
use
tax
under
chapter
423.
However,
for
the
purposes
of
this
subparagraph,
“retail
business”
does
not
include
a
new
lessor.
c.
If
the
board
denies
a
proposed
district
plan,
the
board
shall
state
the
reasons
for
the
denial
and
the
municipality
may
resubmit
the
application.
d.
As
part
of
its
approval
of
a
proposed
district
plan,
the
board
shall
establish
a
commencement
date
for
the
district.
The
commencement
date
established
by
the
board
shall
be
the
House
File
641,
p.
6
first
day
of
the
first
calendar
quarter
beginning
after
the
later
of
the
two
dates
identified
for
the
project
that
proposed
the
largest
amount
of
capital
investment
among
all
proposed
projects
in
the
district
pursuant
to
subsection
2,
paragraph
“d”
.
e.
As
part
of
its
approval
of
a
proposed
district
plan,
the
board
shall,
subject
to
the
authorized
amounts
under
section
15J.5,
establish
maximum
amounts
of
state
sales
tax
revenues
or
state
hotel
and
motel
tax
revenues,
or
both,
that
may
be
remitted
to
a
municipality’s
reinvestment
project
fund.
Such
maximum
amounts
shall
be
determined
based
on
the
financing
needs
of
the
proposed
project,
the
economic
impact
to
the
state,
and
the
remittance
limitations
under
paragraph
“f”
.
f.
The
total
aggregate
amount
of
state
sales
tax
revenues
and
state
hotel
and
motel
tax
revenues
that
may
be
approved
by
the
board
for
remittance
to
all
municipalities
and
that
may
be
transferred
to
the
state
reinvestment
district
fund
under
section
423.2,
subsection
11,
or
section
423A.6,
and
remitted
to
all
municipalities
having
a
reinvestment
district
under
this
chapter
shall
not
exceed
one
hundred
million
dollars.
g.
If
a
district
plan
is
approved
by
the
board,
the
district
plan,
along
with
the
municipality’s
resolution
and
all
accompanying
materials
shall
be
posted
on
the
economic
development
authority’s
internet
site
for
public
viewing
within
ten
days
of
approval
by
the
board.
4.
Upon
receiving
the
approval
of
the
board,
the
municipality
may
adopt
an
ordinance
establishing
the
district
and
shall
notify
the
director
of
revenue
of
the
district’s
commencement
date
established
by
the
board
no
later
than
thirty
days
after
adoption
of
the
ordinance.
The
ordinance
adopted
by
the
municipality
shall
include
the
district’s
commencement
date
and
a
detailed
statement
of
the
manner
in
which
the
approved
projects
to
be
undertaken
in
the
district
will
be
financed,
including
but
not
limited
to
the
financial
information
included
in
the
project
plan
under
subsection
2,
paragraph
“d”
.
Following
establishment
of
the
district,
a
municipality
may
use
the
moneys
deposited
in
the
municipality’s
reinvestment
project
fund
created
pursuant
to
section
15J.7
to
fund
the
development
of
those
projects
included
within
the
district
plan.
5.
A
municipality
may
amend
the
district
plan
to
add
or
modify
projects.
However,
a
proposed
modification
to
a
project
and
each
project
proposed
to
be
added
shall
first
be
approved
by
the
board
in
the
same
manner
as
provided
for
the
House
File
641,
p.
7
original
plan.
In
no
case,
however,
shall
an
amendment
to
the
district
plan
result
in
the
extension
of
the
commencement
date
established
by
the
board.
If
a
district
plan
is
amended
to
add
or
modify
a
project,
the
municipality
shall
amend
the
ordinance,
if
necessary,
to
reflect
any
changes
to
the
financial
information
required
to
be
included
under
subsection
4.
6.
Following
establishment
of
a
district,
the
municipality
shall
on
or
before
October
1
of
each
year
submit
a
report
to
the
board
detailing
all
of
the
following:
a.
The
status
of
each
project
undertaken
within
the
district
in
the
previous
twelve
months.
b.
An
itemized
list
of
expenditures
from
the
municipality’s
reinvestment
project
fund
in
the
previous
twelve
months
that
have
been
made
related
to
each
project
being
undertaken
within
the
district.
c.
The
amount
of
the
total
project
cost
remaining
for
each
project
being
undertaken
within
the
district
as
of
the
date
the
report
is
submitted.
d.
The
amounts,
types,
and
sources
of
funding
used
for
each
project
described
in
paragraph
“a”
.
e.
The
amount
of
bonds
issued
or
other
indebtedness
incurred
for
each
project
described
in
paragraph
“a”
,
including
information
related
to
the
rate
of
interest,
length
of
term,
costs
of
issuance,
and
net
proceeds.
The
report
shall
also
include
the
amounts
and
types
of
moneys
to
be
used
for
payment
of
such
bonds
or
indebtedness.
7.
All
reports
received
by
the
board
under
subsection
6
shall
be
posted
on
the
economic
development
authority’s
internet
site
as
soon
as
practicable
following
receipt
of
the
report.
The
board
shall
submit
a
written
report
to
the
governor
and
the
general
assembly
on
or
before
January
15
of
each
year.
The
report
shall
summarize
and
analyze
the
information
submitted
by
municipalities
under
subsection
6.
Sec.
5.
NEW
SECTION
.
15J.5
New
state
tax
revenue
calculations.
1.
a.
The
department
shall
calculate
quarterly
the
amount
of
new
state
sales
tax
revenues
for
each
district
established
in
the
state
to
be
deposited
in
the
state
reinvestment
district
fund
created
in
section
15J.6,
pursuant
to
section
423.2,
subsection
11,
paragraph
“b”
,
subject
to
remittance
limitations
established
by
the
board
pursuant
to
section
15J.4,
subsection
3.
House
File
641,
p.
8
b.
The
amount
of
new
state
sales
tax
revenue
for
purposes
of
paragraph
“a”
shall
be
the
product
of
the
amount
of
sales
subject
to
the
state
sales
tax
in
the
district
during
the
quarter
from
new
retail
establishments
times
four
percent.
2.
a.
The
department
shall
calculate
quarterly
the
amount
of
new
state
hotel
and
motel
tax
revenues
for
each
district
established
in
the
state
to
be
deposited
in
the
state
reinvestment
district
fund
created
in
section
15J.6,
pursuant
to
section
423A.6,
subject
to
remittance
limitations
established
by
the
board
pursuant
to
section
15J.4,
subsection
3.
b.
The
amount
of
new
state
hotel
and
motel
tax
revenue
for
purposes
of
paragraph
“a”
shall
be
the
product
of
the
amount
of
sales
subject
to
the
state
hotel
and
motel
tax
in
the
district
during
the
quarter
from
new
lessors
times
the
state
hotel
and
motel
tax
rate
imposed
under
section
423A.3.
3.
Each
municipality
that
has
established
a
district
under
this
chapter
shall
assist
the
department
in
identifying
new
retail
establishments
in
the
district
that
are
collecting
state
sales
tax
and
new
lessors
in
the
district
that
are
collecting
state
hotel
and
motel
tax.
This
process
shall
be
ongoing
until
the
municipality
ceases
to
utilize
state
sales
tax
revenue
or
state
hotel
and
motel
tax
revenue
under
this
chapter
or
the
district
is
dissolved.
Sec.
6.
NEW
SECTION
.
15J.6
State
reinvestment
district
fund.
1.
A
state
reinvestment
district
fund
is
established
in
the
state
treasury
under
the
control
of
the
department
consisting
of
the
new
state
sales
tax
revenues
collected
within
each
district
and
deposited
in
the
fund
pursuant
to
section
423.2,
subsection
11,
paragraph
“b”
,
and
the
new
state
hotel
and
motel
tax
revenues
collected
within
each
district
and
deposited
in
the
fund
pursuant
to
section
423A.6.
Moneys
deposited
in
the
fund
are
appropriated
to
the
department
for
the
purposes
of
this
section.
Moneys
in
the
fund
shall
only
be
used
for
the
purposes
of
this
section.
2.
A
district
account
is
created
within
the
fund
for
each
district
created
by
a
municipality
under
this
chapter.
3.
The
department
shall
deposit
the
moneys
described
in
subsection
1
that
were
collected
in
a
quarter
beginning
on
or
after
the
district’s
commencement
date
into
the
appropriate
district
account
in
the
fund.
4.
All
moneys
in
each
district
account
within
the
fund
shall
House
File
641,
p.
9
be
remitted
quarterly
by
the
department
to
the
municipality
that
established
the
district
for
deposit
in
the
municipality’s
reinvestment
project
fund
established
pursuant
to
section
15J.7.
5.
The
department
shall
adopt
rules
for
the
administration
of
the
department’s
duties
under
this
chapter,
including
the
remittance
of
moneys
to
municipalities.
Sec.
7.
NEW
SECTION
.
15J.7
Reinvestment
project
fund.
1.
State
sales
tax
revenue
and
state
hotel
and
motel
tax
revenue
remitted
by
the
department
to
a
municipality
pursuant
to
section
15J.6
shall
be
deposited
in
a
reinvestment
project
fund
of
the
municipality
and
shall
be
used
to
fund
projects
within
the
district
from
which
the
revenues
were
collected.
If
the
municipality
determines
that
the
revenue
accruing
to
the
reinvestment
project
fund
exceeds
the
amount
necessary
for
these
purposes,
the
excess
moneys
that
are
remittances
received
under
section
15J.6
and
all
interest
in
the
fund
attributable
to
such
excess
amounts
shall
be
remitted
by
the
municipality
to
the
department
for
deposit
in
the
general
fund
of
the
state.
2.
In
addition
to
the
moneys
received
pursuant
to
section
15J.6,
a
municipality
may
deposit
in
the
reinvestment
project
fund
any
other
moneys
lawfully
at
the
municipality’s
disposal,
including
but
not
limited
to
local
sales
and
services
tax
receipts
collected
under
chapter
423B
if
such
use
is
a
purpose
authorized
for
the
municipality
under
chapter
423B.
3.
The
records
of
the
municipality
related
to
the
district
and
the
reinvestment
project
fund
are
subject
to
audit
pursuant
to
section
11.6.
4.
a.
Moneys
from
any
source
deposited
into
the
reinvestment
project
fund
shall
not
be
expended
for
or
otherwise
used
in
connection
with
a
project
that
includes
the
relocation
of
a
commercial
or
industrial
enterprise
not
presently
located
within
the
municipality.
b.
For
the
purposes
of
this
subsection,
“relocation”
means
the
closure
or
substantial
reduction
of
an
enterprise’s
existing
operations
in
one
area
of
the
state
and
the
initiation
of
substantially
the
same
operation
in
the
same
county
or
a
contiguous
county
in
the
state.
“Relocation”
does
not
include
an
enterprise
expanding
its
operations
in
another
area
of
the
state
provided
that
existing
operations
of
a
similar
nature
are
not
closed
or
substantially
reduced.
5.
Upon
dissolution
of
a
district
pursuant
to
section
15J.8,
if
moneys
remitted
to
the
municipality
pursuant
to
section
House
File
641,
p.
10
15J.6
remain
in
the
municipality’s
reinvestment
project
fund
and
those
moneys
are
not
necessary
to
support
completion
of
a
project
in
the
dissolved
district,
such
amounts
and
all
interest
remaining
in
the
fund
that
was
earned
on
such
amounts
shall
be
remitted
by
the
municipality
to
the
department
for
deposit
in
the
general
fund
of
the
state.
6.
Upon
dissolution
of
a
district
pursuant
to
section
15J.8,
moneys
remaining
in
the
reinvestment
project
fund
that
were
deposited
pursuant
to
subsection
2
and
all
interest
remaining
in
the
fund
that
was
earned
on
such
amounts
shall
be
deposited
in
the
general
fund
of
the
municipality.
Sec.
8.
NEW
SECTION
.
15J.8
End
of
deposits
——
district
dissolution.
1.
As
of
the
date
twenty
years
after
the
district’s
commencement
date,
the
department
shall
cease
to
deposit
state
sales
tax
revenues
and
state
hotel
and
motel
tax
revenues
into
the
district’s
account
within
the
fund,
unless
the
municipality
dissolves
the
district
by
ordinance
prior
to
that
date.
Following
the
expiration
of
the
twenty-year
period,
the
district
shall
be
dissolved
by
ordinance
of
the
municipality
adopted
within
twelve
months
of
the
conclusion
of
the
twenty-year
period.
2.
If
the
municipality
dissolves
the
district
by
ordinance
prior
to
the
expiration
of
the
twenty-year
period
specified
in
subsection
1,
the
municipality
shall
notify
the
director
of
revenue
of
the
dissolution
as
soon
as
practicable
after
adoption
of
the
ordinance,
and
the
department
shall,
as
of
the
effective
date
of
dissolution,
cease
to
deposit
state
sales
tax
revenues
and
state
hotel
and
motel
tax
revenues
into
the
district’s
account
within
the
fund.
Sec.
9.
Section
423.2,
subsection
11,
paragraph
b,
Code
2013,
is
amended
by
adding
the
following
new
subparagraph:
NEW
SUBPARAGRAPH
.
(6)
Beginning
the
first
day
of
the
calendar
quarter
beginning
on
the
reinvestment
district’s
commencement
date,
subject
to
remittance
limitations
established
by
the
economic
development
authority
board
pursuant
to
section
15J.4,
subsection
3,
transfer
to
a
district
account
created
in
the
state
reinvestment
district
fund
for
each
reinvestment
district
established
under
chapter
15J,
the
amount
of
new
state
sales
tax
revenue,
determined
in
section
15J.5,
subsection
1,
paragraph
“b”
,
in
the
district,
that
remains
after
the
prior
transfers
required
under
this
paragraph
“b”
.
Such
transfers
shall
cease
pursuant
to
section
15J.8.
House
File
641,
p.
11
Sec.
10.
Section
423A.6,
unnumbered
paragraph
1,
Code
2013,
is
amended
to
read
as
follows:
The
director
of
revenue
shall
administer
the
state
and
local
hotel
and
motel
tax
as
nearly
as
possible
in
conjunction
with
the
administration
of
the
state
sales
tax
law,
except
that
portion
of
the
law
which
implements
the
streamlined
sales
and
use
tax
agreement.
The
director
shall
provide
appropriate
forms,
or
provide
on
the
regular
state
tax
forms,
for
reporting
state
and
local
hotel
and
motel
tax
liability.
All
moneys
received
or
refunded
one
hundred
eighty
days
after
the
date
on
which
a
city
or
county
terminates
its
local
hotel
and
motel
tax
and
all
moneys
received
from
the
state
hotel
and
motel
tax
shall
be
deposited
in
or
withdrawn
from
the
general
fund
of
the
state.
Beginning
the
first
day
of
the
calendar
quarter
beginning
on
the
reinvestment
district’s
commencement
date,
the
director
of
revenue
shall,
subject
to
remittance
limitations
established
by
the
economic
development
authority
board
pursuant
to
section
15J.4,
subsection
3,
transfer
from
the
general
fund
of
the
state
to
a
district
account
created
in
the
state
reinvestment
district
fund
for
each
reinvestment
district
established
under
chapter
15J,
the
new
state
hotel
and
motel
tax
revenue,
determined
in
section
15J.5,
subsection
2,
paragraph
“b”
,
in
the
district.
Such
transfers
shall
cease
pursuant
to
section
15J.8.
______________________________
KRAIG
PAULSEN
Speaker
of
the
House
______________________________
PAM
JOCHUM
President
of
the
Senate
I
hereby
certify
that
this
bill
originated
in
the
House
and
is
known
as
House
File
641,
Eighty-fifth
General
Assembly.
______________________________
CARMINE
BOAL
Chief
Clerk
of
the
House
Approved
_______________,
2013
______________________________
TERRY
E.
BRANSTAD
Governor