Senate
File
2496
-
Introduced
SENATE
FILE
2496
BY
COMMITTEE
ON
WAYS
AND
MEANS
(SUCCESSOR
TO
SF
2476)
A
BILL
FOR
An
Act
relating
to
Iowa’s
urban
renewal
law
by
modifying
the
1
division
of
revenue
for
certain
emergency
medical
services
2
property
tax
levies,
and
including
effective
date
and
3
applicability
provisions.
4
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
5
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6668SV
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91
ms/md
S.F.
2496
Section
1.
Section
403.19,
subsection
2,
paragraph
a,
Code
1
2026,
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
a
4
special
fund
of
the
municipality
to
pay
the
principal
of
and
5
interest
on
loans,
moneys
advanced
to,
or
indebtedness,
whether
6
funded,
refunded,
assumed,
or
otherwise,
including
bonds
7
issued
under
the
authority
of
section
403.9,
subsection
1
,
8
incurred
by
the
municipality
to
finance
or
refinance,
in
whole
9
or
in
part,
an
urban
renewal
project
within
the
area,
and
to
10
provide
assistance
for
low
and
moderate
income
family
housing
11
as
provided
in
section
403.22
.
However,
except
as
provided
12
in
paragraph
“b”
,
taxes
for
the
regular
and
voter-approved
13
physical
plant
and
equipment
levy
of
a
school
district
imposed
14
pursuant
to
section
298.2
and
taxes
for
the
instructional
15
support
program
of
a
school
district
imposed
pursuant
to
16
section
257.19
,
taxes
for
the
payment
of
bonds
and
interest
17
of
each
taxing
district,
taxes
for
emergency
medical
services
18
imposed
pursuant
to
chapter
357F,
357G,
or
422D,
and
taxes
19
imposed
under
section
346.27,
subsection
22
,
related
to
joint
20
county-city
buildings
shall
be
collected
against
all
taxable
21
property
within
the
taxing
district
without
limitation
by
the
22
provisions
of
this
subsection
.
23
Sec.
2.
EFFECTIVE
DATE.
This
Act,
being
deemed
of
immediate
24
importance,
takes
effect
upon
enactment.
25
Sec.
3.
APPLICABILITY.
This
Act
applies
to
property
taxes
26
due
and
payable
in
fiscal
years
beginning
on
or
after
July
1,
27
2026.
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
This
bill
excludes
property
taxes
for
emergency
medical
32
services
imposed
pursuant
to
Code
chapter
357F,
357G,
or
422D
33
from
a
division
of
revenue
(tax
increment
financing)
under
Code
34
section
403.19.
35
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2496
The
bill
applies
to
property
taxes
due
and
payable
in
fiscal
1
years
beginning
on
or
after
July
1,
2026.
The
bill
takes
2
effect
upon
enactment.
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