House File 2163 - Introduced



                                       HOUSE FILE       
                                       BY  WHITAKER and REICHERT


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

                                      A BILL FOR

  1 An Act relating to classification of certain residential property
  2    for purposes of property assessment and taxation and including
  3    effective date and retroactive applicability date provisions.
  4 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
  5 TLSB 5520HH 82
  6 sc/nh/5

PAG LIN



  1  1    Section 1.  Section 441.21, Code 2007, is amended by adding
  1  2 the following new subsection:
  1  3    NEW SUBSECTION.  11A.  Beginning with valuations
  1  4 established on or after January 1, 2008, as used in this
  1  5 section, "residential property" shall include lands and
  1  6 buildings used primarily for human habitation and containing
  1  7 four or fewer separate living quarters, as well as structures
  1  8 and improvements used primarily as a part of or in conjunction
  1  9 with such lands and buildings.  "Residential property" does
  1 10 not include a hotel, motel, inn, or other building where rooms
  1 11 are usually rented for less than one month, a nursing home, or
  1 12 a rest home.
  1 13    Sec. 2.  EFFECTIVE AND RETROACTIVE APPLICABILITY DATES.
  1 14 This Act, being deemed of immediate importance, takes effect
  1 15 upon enactment and applies retroactively to January 1, 2008,
  1 16 for assessment years beginning on or after that date.
  1 17                           EXPLANATION
  1 18    This bill provides that, for purposes of property tax
  1 19 assessment, residential property shall include lands and
  1 20 buildings used primarily for human habitation and containing
  1 21 four or fewer separate living quarters.
  1 22    The bill takes effect upon enactment and applies
  1 23 retroactively to January 1, 2008, for assessment years
  1 24 beginning on or after that date.
  1 25 LSB 5520HH 82
  1 26 sc/nh/5.1