Senate
File
278
-
Introduced
SENATE
FILE
278
BY
ERNST
(COMPANION
TO
LSB
1858HH
BY
DOLECHECK)
A
BILL
FOR
An
Act
relating
to
the
assessment
of
certain
real
estate
used
1
in
the
cultivation
and
production
of
algae,
and
including
2
effective
date
and
retroactive
applicability
provisions.
3
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
4
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1858XS
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278
Section
1.
Section
427A.1,
subsection
4,
Code
2013,
is
1
amended
by
adding
the
following
new
paragraph:
2
NEW
PARAGRAPH
.
d.
It
is
a
photobioreactor
used
in
the
3
production
of
algae
for
harvesting
as
a
crop
for
animal
feed,
4
food,
nutritionals,
or
biofuel
production.
5
Sec.
2.
Section
441.21,
subsection
12,
Code
2013,
is
amended
6
to
read
as
follows:
7
12.
Beginning
with
valuations
established
on
or
after
8
January
1,
2002,
as
As
used
in
this
section
,
unless
the
context
9
otherwise
requires,
“agricultural
property”
includes
the
all
of
10
the
following:
11
a.
Beginning
with
valuations
established
on
or
after
January
12
1,
2002,
the
real
estate
of
a
vineyard
and
buildings
used
in
13
connection
with
the
vineyard,
including
any
building
used
for
14
processing
wine
if
such
building
is
located
on
the
same
parcel
15
as
the
vineyard.
16
b.
Beginning
with
valuations
established
on
or
after
January
17
1,
2013,
real
estate
used
directly
in
the
cultivation
and
18
production
of
algae
for
harvesting
as
a
crop
for
animal
feed,
19
food,
nutritionals,
or
biofuel
production.
The
real
estate
20
must
be
an
enclosed
pond
or
land
containing
a
photobioreactor.
21
Sec.
3.
RETROACTIVE
APPLICABILITY.
This
division
of
this
22
Act
applies
retroactively
to
January
1,
2013,
for
assessment
23
years
beginning
on
or
after
that
date.
24
Sec.
4.
EFFECTIVE
UPON
ENACTMENT.
This
division
of
this
25
Act,
being
deemed
of
immediate
importance,
takes
effect
upon
26
enactment.
27
EXPLANATION
28
This
bill
provides
that,
for
purposes
of
property
taxation,
29
agricultural
property
includes
the
real
estate
which
is
30
used
directly
in
the
cultivation
and
production
of
algae
for
31
harvesting
as
a
crop
for
animal
feed,
food,
nutritionals,
or
32
biofuel
production.
The
real
estate
must
be
an
enclosed
pond
33
or
must
be
land
containing
machinery
or
equipment
that
uses
34
a
light
source
to
provide
photonic
energy,
referred
to
as
a
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278
photobioreactor.
1
The
bill
takes
effect
upon
enactment
and
applies
2
retroactively
to
assessment
years
beginning
on
or
after
January
3
1,
2013.
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