House
File
2082
-
Introduced
HOUSE
FILE
2082
BY
COMMITTEE
ON
EDUCATION
(SUCCESSOR
TO
HSB
521)
A
BILL
FOR
An
Act
relating
to
the
division
of
certain
school
taxes
1
collected
in
urban
renewal
areas
containing
wind
energy
2
conversion
property.
3
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
4
TLSB
5368HV
(2)
89
md/jh
H.F.
2082
Section
1.
Section
403.19,
subsection
2,
paragraph
a,
Code
1
2022,
is
amended
to
read
as
follows:
2
a.
That
portion
of
the
taxes
each
year
in
excess
of
such
3
amount
shall
be
allocated
to
and
when
collected
be
paid
into
4
a
special
fund
of
the
municipality
to
pay
the
principal
of
5
and
interest
on
loans,
moneys
advanced
to,
or
indebtedness,
6
whether
funded,
refunded,
assumed,
or
otherwise,
including
7
bonds
issued
under
the
authority
of
section
403.9,
subsection
8
1
,
incurred
by
the
municipality
to
finance
or
refinance,
in
9
whole
or
in
part,
an
urban
renewal
project
within
the
area,
10
and
to
provide
assistance
for
low
and
moderate
income
family
11
housing
as
provided
in
section
403.22
.
However,
except
12
as
provided
in
paragraph
“b”
,
taxes
for
the
regular
and
13
voter-approved
physical
plant
and
equipment
levy
of
a
school
14
district
imposed
pursuant
to
section
298.2
and
taxes
for
the
15
instructional
support
program
of
a
school
district
imposed
16
pursuant
to
section
257.19
,
taxes
for
the
payment
of
bonds
17
and
interest
of
each
taxing
district,
and
taxes
imposed
under
18
section
346.27,
subsection
22
,
related
to
joint
county-city
19
buildings
shall
be
collected
against
all
taxable
property
20
within
the
taxing
district
without
limitation
by
the
provisions
21
of
this
subsection
.
Additionally,
for
property
taxes
due
and
22
payable
in
fiscal
years
beginning
on
or
after
July
1,
2023,
23
if
the
portion
of
the
urban
renewal
area
that
is
subject
to
a
24
division
of
revenue
under
this
section
contains
wind
energy
25
conversion
property
that
is
subject
to
special
valuation
under
26
section
427B.26,
foundation
property
taxes
of
a
school
district
27
imposed
under
section
257.3
shall
be
collected
against
all
28
taxable
property
within
that
portion
of
the
urban
renewal
area
29
without
limitation
by
the
provisions
of
this
subsection
and
30
when
collected
be
paid
into
the
fund
of
the
school
district
31
into
which
all
other
property
taxes
are
paid.
32
EXPLANATION
33
The
inclusion
of
this
explanation
does
not
constitute
agreement
with
34
the
explanation’s
substance
by
the
members
of
the
general
assembly.
35
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H.F.
2082
Code
section
403.19
authorizes
municipalities
to
provide
1
by
ordinance
for
the
division
of
property
tax
revenue
(tax
2
increment
financing)
collected
against
property
located
within
3
an
urban
renewal
area.
This
bill
provides
that
for
property
4
taxes
due
and
payable
in
fiscal
years
beginning
on
or
after
5
July
1,
2023,
if
the
portion
of
the
urban
renewal
area
that
6
is
subject
to
a
division
of
property
tax
revenue
contains
7
wind
energy
conversion
property
that
is
subject
to
special
8
valuation
under
Code
section
427B.26,
foundation
property
taxes
9
of
a
school
district
imposed
under
Code
section
257.3
in
that
10
portion
of
the
urban
renewal
area
shall
not
be
subject
to
the
11
division
of
property
tax
revenue
and
shall
instead
be
paid
to
12
the
school
district.
13
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