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