Senate File 588 - Introduced SENATE FILE 588 BY DICKEY A BILL FOR An Act modifying the additional township annual property tax 1 levy rate and including applicability provisions. 2 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 3 TLSB 2576XS (1) 89 md/jh
S.F. 588 Section 1. Section 359.43, subsection 2, Code 2021, is 1 amended to read as follows: 2 2. If the levy authorized under subsection 1 is insufficient 3 to provide the services authorized or required under section 4 359.42 , the township trustees may levy an additional annual 5 tax not exceeding twenty forty and one-fourth one-half cents 6 per thousand dollars of assessed value of the taxable property 7 in the township, excluding any property within the corporate 8 limits of a city, to provide the services. 9 Sec. 2. APPLICABILITY. This Act applies to fiscal years 10 beginning on or after July 1, 2022. 11 EXPLANATION 12 The inclusion of this explanation does not constitute agreement with 13 the explanation’s substance by the members of the general assembly. 14 Current Code section 359.43 authorizes township trustees 15 to levy an annual tax not exceeding 40.5 cents per $1,000 16 of assessed value of the taxable property in the township, 17 excluding property within a benefited fire district or within 18 the corporate limits of a city, for the purpose of providing 19 fire protection service and emergency medical service for the 20 township. If the 40.5-cent levy is insufficient to provide the 21 services authorized or required, the township trustees may levy 22 an additional annual tax not exceeding 20.25 cents per $1,000 23 of assessed value. 24 This bill authorizes the township trustees to impose the 25 additional annual tax at a rate not to exceed the 40.5 cents 26 per $1,000 of assessed value. 27 By operation of law, the bill applies to a county that has, 28 by resolution under Code section 331.385, assumed the exercise 29 of the powers and duties of township trustees relating to 30 fire protection service and emergency medical service for any 31 township located in the unincorporated area of the county. 32 The bill applies to fiscal years beginning on or after July 33 1, 2022. 34 -1- LSB 2576XS (1) 89 md/jh 1/ 1