SF 348 (LSB 2117XS (1) 91)

SENATE FILE 348

BY  ZUMBACH

A BILL FOR

An Act exempting certain structures from inclusion in property assessments, and including effective date and retroactive applicability provisions.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:

    Section 1.  Section 427A.1, Code 2025, is amended by adding the following new subsection:
   NEW SUBSECTION.  6A.  Notwithstanding the other provisions of this section, a structure shall not be assessed and taxed as real property if the structure is not anchored to a permanent foundation except by the structure’s own weight.
    Sec. 2.  EFFECTIVE DATE.  This Act, being deemed of immediate importance, takes effect upon enactment.
    Sec. 3.  RETROACTIVE APPLICABILITY.  This Act applies retroactively to assessment years beginning on or after January 1, 2025.
EXPLANATION
The inclusion of this explanation does not constitute agreement with
the explanation’s substance by the members of the general assembly.
   This bill prohibits a structure from being assessed and taxed as real property if it is not anchored to a permanent foundation except by the structure’s own weight.
   The bill is effective upon enactment and applies retroactively to assessment years beginning on or after January 1, 2025.