H.F. 2169 Section 1. Section 427.1, subsection 19, paragraph e, 1 subparagraph (1), Code Supplement 2009, is amended to read as 2 follows: 3 (1) For the purposes of this subsection, “pollution-control 4 property” means personal property or improvements to real 5 property, or any portion thereof, used primarily to control 6 or abate pollution of any air or water of this state or used 7 primarily to enhance the quality of any air or water of this 8 state and “recycling property” means personal property or 9 improvements to real property or any portion of the property, 10 used primarily in the manufacturing process and resulting 11 directly in the conversion of waste glass, waste plastic, waste 12 metal, wastepaper products, waste paperboard, or waste wood 13 products into new raw materials or products composed primarily 14 of recycled material. In the event such property shall also 15 serve other purposes or uses of productive benefit to the owner 16 of the property, only such portion of the assessed valuation 17 thereof as may reasonably be calculated to be necessary for 18 and devoted to the control or abatement of pollution, to the 19 enhancement of the quality of the air or water of this state, 20 or for recycling shall be exempt from taxation under this 21 subsection. 22 Sec. 2. APPLICABILITY. This Act applies to assessment years 23 beginning on or after January 1, 2011. 24 EXPLANATION 25 Code section 427.1, subsection 19, exempts new installations 26 of pollution-control or recycling property from property 27 taxation. This bill amends the definition of “recycling 28 property” by adding waste metal to the list of other waste 29 materials that may be converted by the exempted property into 30 new raw materials or products composed primarily of recycled 31 material. 32 The bill applies to assessment years beginning on or after 33 January 1, 2011. 34 -1- LSB 6015HH (2) 83 md/sc 1/ 1