H.F. 391 Section 1. EDUCATIONAL INSTITUTION PROPERTY TAX EXEMPTION 1 —— FILING. Notwithstanding the requirement for the filing of 2 a statement claiming the property tax exemption by February 1 3 as provided in section 427.1, subsection 9, for the assessment 4 year beginning January 1, 2013, the statement claiming the 5 exemption under section 427.1, subsection 9, for property 6 owned by an educational institution as part of its endowment 7 fund that was acquired by the educational institution from 8 a governmental entity after January 1, 2012, and that is 9 located in a county having a population of at least two hundred 10 thousand but not more than two hundred fifty thousand according 11 to the 2010 federal decennial census, shall be filed not later 12 than June 1, 2013. 13 Sec. 2. EFFECTIVE UPON ENACTMENT. This Act, being deemed of 14 immediate importance, takes effect upon enactment. 15 Sec. 3. RETROACTIVE APPLICABILITY. This Act applies 16 retroactively to January 1, 2013, for assessment years 17 beginning on or after that date. 18 EXPLANATION 19 This bill provides that notwithstanding the requirement for 20 the filing of a statement claiming the educational institution 21 property tax exemption by February 1 as provided in Code 22 section 427.1(9), for the assessment year beginning January 23 1, 2013, the statement claiming the exemption for property 24 owned by an educational institution as part of its endowment 25 fund that was acquired by the educational institution from a 26 governmental entity after January 1, 2012, and that is located 27 in a county having a population of at least 200,000 but not 28 more than 250,000 according to the 2010 federal decennial 29 census, shall be filed not later than June 1, 2013. 30 The bill takes effect upon enactment and applies 31 retroactively to January 1, 2013, for assessment years 32 beginning on or after that date. 33 -1- LSB 2280YH (2) 85 md/sc 1/ 1