HF 2428 (LSB 6122YH (4) 91)

HOUSE FILE 2428

BY  BARKER

A BILL FOR

An Act relating to the authorized uses of a township fire protection levy.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:

    Section 1.  Section 359.43, subsection 4, Code 2026, is amended to read as follows:
   4.  Of the levies authorized under subsections 1 and 2, the township trustees may credit to a reserve account annually an amount not to exceed thirty cents per thousand dollars of the assessed value of the taxable property in the township for the purchase or replacement of supplies and equipment required to carry out the services specified under section 359.42, or constructing a fire station. Notwithstanding section 12C.7, interest earned on moneys credited to the reserve account shall be credited to the reserve account.
EXPLANATION
The inclusion of this explanation does not constitute agreement with
the explanation’s substance by the members of the general assembly.
   Under current law, township trustees are authorized to levy an annual tax not exceeding $0.405, $0.54, or $0.675 per $1,000 of assessed value of the taxable property in the township for the purpose of fire protection and emergency services, depending on services offered and the size of the county where the township is located. If the levy is not sufficient to provide the fire protection and emergency services, then the township may levy an additional annual tax not exceeding $0.2025 per $1,000 of assessed value of the taxable property in the township. Of the moneys collected from the levies, the township trustees are authorized to put up to $0.30 per $1,000 of assessed property value annually into a reserve account. The reserved moneys can be used to purchase or replace supplies and equipment required for fire protection and emergency services. This bill allows the reserved moneys to be used to construct a fire station.