Senate File 148 - Introduced



                                       SENATE FILE       
                                       BY  BRUNKHORST


    Passed Senate, Date               Passed House,  Date             
    Vote:  Ayes        Nays           Vote:  Ayes        Nays         
                 Approved                            

                                      A BILL FOR

  1 An Act relating to the property taxation of property of public
  2    entities used in competition with private commercial business
  3    enterprises.
  4 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
  5 TLSB 1978XS 81
  6 mg/sh/8

PAG LIN



  1  1    Section 1.  Section 427.1, subsection 2, Code 2005, is
  1  2 amended by adding the following new unnumbered paragraph:
  1  3    NEW UNNUMBERED PARAGRAPH.  If a private commercial business
  1  4 enterprise believes that a public entity of a county,
  1  5 township, city, school corporation, levee district, or
  1  6 drainage district is competing against it for commercial
  1  7 business, the business may request the county board of
  1  8 supervisors to subject the property or portion of the property
  1  9 of such public entity that is involved in the competition to
  1 10 property taxation.  If upon determination that such
  1 11 competition exists and if the board of supervisors at its
  1 12 discretion so decides, the property or portion of the property
  1 13 of the public entity that is involved in the business
  1 14 competition shall be subject to taxation at the consolidated
  1 15 rate for each fiscal year for which the board of supervisors
  1 16 agrees to impose the tax.  Property tax imposed shall be
  1 17 collected in the same manner as other property tax and shall
  1 18 be apportioned to all jurisdictions as other property tax.
  1 19                           EXPLANATION
  1 20    This bill allows the county board of supervisors to subject
  1 21 public entities to property taxation if they are in
  1 22 competition with private commercial business enterprises.  The
  1 23 private business must request such taxation and if the board
  1 24 of supervisors, at its discretion, agrees to tax the entity,
  1 25 then the property involved in the competition would be subject
  1 26 to taxation imposed by all jurisdictions of the county for
  1 27 each fiscal year the board continues to agree to subject the
  1 28 property to tax.  Property tax imposed shall be collected like
  1 29 other property tax imposed on taxable property and shall be
  1 30 apportioned to the taxing jurisdictions in a like manner.
  1 31 LSB 1978XS 81
  1 32 mg:nh/sh/8