Senate
File
2145
-
Introduced
SENATE
FILE
2145
BY
BERTRAND
A
BILL
FOR
An
Act
relating
to
the
property
tax
exemption
for
dwelling
1
units
owned
and
managed
by
certain
nonprofit
organizations
2
and
including
applicability
provisions.
3
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
4
TLSB
5814XS
(2)
87
md/jh
S.F.
2145
Section
1.
Section
427.1,
subsection
21A,
Code
2018,
is
1
amended
to
read
as
follows:
2
21A.
Dwelling
unit
property
owned
by
community
housing
3
development
organization.
Dwelling
unit
property
owned
,
and
4
managed
,
or
controlled
by
a
community
housing
development
5
organization,
as
recognized
by
the
state
of
Iowa
and
the
6
federal
government
pursuant
to
criteria
for
community
housing
7
development
organization
designation
contained
in
the
HOME
8
program
of
the
federal
National
Affordable
Housing
Act
of
1990,
9
if
the
organization
is
also
a
nonprofit
organization
exempt
10
from
federal
income
tax
under
section
501(c)(3)
of
the
Internal
11
Revenue
Code
and
owns
and
manages
more
than
one
hundred
fifty
12
dwelling
units
that
are
located
in
a
city
with
a
population
of
13
more
than
one
hundred
ten
eighty
thousand.
For
the
2005
and
14
2006
assessment
years
beginning
January
1,
2005,
and
January
15
1,
2006
,
an
application
is
not
required
to
be
filed
to
receive
16
the
exemption.
For
the
2007
assessment
year
beginning
January
17
1,
2007,
and
subsequent
assessment
years,
an
application
for
18
exemption
must
be
filed
with
the
assessing
authority
not
later
19
than
February
1
of
the
assessment
year
for
which
the
exemption
20
is
sought.
Upon
the
filing
and
allowance
of
the
claim,
the
21
claim
shall
be
allowed
on
the
property
for
successive
years
22
without
further
filing
as
long
as
the
property
continues
to
23
qualify
for
the
exemption.
24
Sec.
2.
IMPLEMENTATION.
Section
25B.7
shall
not
apply
to
25
this
Act.
26
Sec.
3.
APPLICABILITY.
This
Act
applies
to
assessment
years
27
beginning
on
or
after
January
1,
2019.
28
EXPLANATION
29
The
inclusion
of
this
explanation
does
not
constitute
agreement
with
30
the
explanation’s
substance
by
the
members
of
the
general
assembly.
31
Current
law
provides
an
exemption
from
property
taxation
32
for
dwelling
unit
property
owned
and
managed
by
a
nonprofit
33
community
housing
development
organization
if
the
organization
34
owns
and
manages
more
than
150
dwelling
units
located
in
a
city
35
-1-
LSB
5814XS
(2)
87
md/jh
1/
2
S.F.
2145
with
a
population
of
more
than
110,000.
This
bill
authorizes
1
the
property
tax
exemption
for
dwelling
unit
property
if
the
2
property
is
owned,
managed,
or
controlled
by
a
community
3
housing
development
organization,
instead
of
requiring
both
4
ownership
and
management
of
the
property.
The
bill
also
lowers
5
the
city
population
criteria
from
110,000
to
80,000.
6
The
bill
makes
inapplicable
Code
section
25B.7.
Code
7
section
25B.7
provides
that
for
a
property
tax
credit
or
8
exemption
enacted
on
or
after
January
1,
1997,
if
a
state
9
appropriation
made
to
fund
the
credit
or
exemption
is
not
10
sufficient
to
fully
fund
the
credit
or
exemption,
the
political
11
subdivision
shall
be
required
to
extend
to
the
taxpayer
only
12
that
portion
of
the
credit
or
exemption
estimated
by
the
13
department
of
revenue
to
be
funded
by
the
state
appropriation.
14
This
bill
applies
to
assessment
years
beginning
on
or
after
15
January
1,
2019.
16
-2-
LSB
5814XS
(2)
87
md/jh
2/
2