HOUSE FILE 2008

BY  ISENHART

A BILL FOR

An Act relating to locker plants for purposes of property taxation and including applicability provisions.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:

    Section 1.  Section 428.22, unnumbered paragraph 1, Code 2011, is amended to read as follows:
   For purposes of valuing and assessing property for tax purposes,
 
a person who operates a locker plant as defined in this section is a manufacturer and locker plants shall be valued and assessed as commercial
 
industrial property. For purposes of this section, “locker plants” means any property used primarily for any or all of the following purposes:
    Sec. 2.  APPLICABILITY.  This Act applies to assessment years beginning on or after January 1, 2013.
EXPLANATION
   This bill specifies that for the purposes of listing real property for assessment and taxation a person who operates a locker plant is a manufacturer. A “locker plant” is defined in Code section 428.22 to be property used primarily for locker rental facilities for the storage of frozen meats, fish, or fowl owned by the person renting the locker, custom slaughter livestock and processing under contract for a natural person, or processing an animal carcass to offer processed meat products at retail to a natural person after the facility has purchased the livestock or carcass.
   Current Code section 428.22 provides that locker plants are classified as commercial property for property tax purposes. The bill specifies locker plants to be industrial property for property tax purposes.
   The bill applies to assessment years beginning on or after January 1, 2013.