House
File
353
-
Reprinted
HOUSE
FILE
353
BY
COMMITTEE
ON
WAYS
AND
MEANS
(SUCCESSOR
TO
HSB
66)
(As
Amended
and
Passed
by
the
House
April
11,
2023
)
A
BILL
FOR
An
Act
relating
to
levee
and
drainage
districts
by
establishing
1
certain
definitions
and
establishing
an
exemption
for
2
certain
property
classified
as
agricultural
based
on
levee
3
and
drainage
district
assessments.
4
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
5
HF
353
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90
md/jh/md
H.F.
353
Section
1.
Section
427.1,
Code
2023,
is
amended
by
adding
1
the
following
new
subsection:
2
NEW
SUBSECTION
.
42.
Certain
property
classified
as
3
agricultural
located
in
a
levee
and
drainage
district.
For
4
assessment
years
beginning
on
or
after
January
1,
2024,
5
a
portion
of
the
actual
value
of
property
classified
as
6
agricultural,
as
determined
on
the
basis
of
productivity
and
7
net
earning
capacity
as
determined
under
section
441.21,
8
subsection
1,
paragraph
“e”
,
located
in
a
levee
and
drainage
9
district
under
chapter
468,
if
the
district
is
adjacent
to
10
both
the
Mississippi
river
and
the
Iowa
river
and
consists
of
11
at
least
thirty-five
thousand
acres.
The
exemption
on
such
12
property
classified
as
agricultural
shall
be
allowed
if
the
13
property’s
per-acre
levee
and
drainage
district
taxes
assessed
14
under
chapter
468
exceed
the
applicable
county’s
per-acre
15
five-year
average
levee
and
drainage
district
tax
amount.
The
16
amount
of
the
exemption
shall
be
an
amount
equal
to
the
number
17
of
net
acres
comprising
the
property
multiplied
by
the
amount
18
by
which
the
property’s
per-acre
levee
and
drainage
district
19
taxes
exceed
the
county’s
per-acre
five-year
average
levee
20
and
drainage
district
tax
amount
divided
by
seven
percent.
21
However,
in
no
case
shall
the
amount
of
the
exemption
under
22
this
subsection
exceed
fifty
percent
of
the
actual
land
value
23
of
the
property.
24
Sec.
2.
Section
468.3,
Code
2023,
is
amended
by
adding
the
25
following
new
subsection:
26
NEW
SUBSECTION
.
6A.
As
used
in
this
chapter,
the
term
27
“culvert”
includes
a
drain,
tile,
or
tile
line.
28
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