Bill Text: IA HF2004 | 2017-2018 | 87th General Assembly | Introduced

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Bill Title: A bill for an act amending the definition of small city for purposes of eligibility under the workforce housing tax incentives program, including effective date and applicability provisions. (See HF 2463.)

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2018-03-21 - Withdrawn. H.J. 651. [HF2004 Detail]

Download: Iowa-2017-HF2004-Introduced.html

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House File 2004 - Introduced




                                 HOUSE FILE       
                                 BY  McKEAN

                                      A BILL FOR

  1 An Act amending the definition of small city for purposes of
  2    eligibility under the workforce housing tax incentives
  3    program, including effective date and applicability
  4    provisions.
  5 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
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PAG LIN



  1  1    Section 1.  Section 15.352, subsection 10, Code 2018, is
  1  2 amended to read as follows:
  1  3    10.  "Small city" means any city or township located in this
  1  4 state, except those located wholly within one or more of the
  1  5 eleven most populous counties in the state, as determined by
  1  6 the most recent federal decennial census. For the purposes of
  1  7 this part, a small city that is located in more than one county
  1  8 shall be considered to be located in the county having the
  1  9 greatest taxable base within the small city.
  1 10    Sec. 2.  EFFECTIVE DATE.  This Act, being deemed of immediate
  1 11 importance, takes effect upon enactment.
  1 12    Sec. 3.  APPLICABILITY.  This Act applies to housing projects
  1 13 registered by the authority under the workforce housing tax
  1 14 incentives program on or after the effective date of this Act.
  1 15                           EXPLANATION
  1 16 The inclusion of this explanation does not constitute agreement with
  1 17 the explanation's substance by the members of the general assembly.
  1 18    The workforce housing tax incentive program (program)
  1 19 administered by the Iowa economic development authority
  1 20 (authority) provides various tax incentives to taxpayers who
  1 21 complete certain housing projects in Iowa.  The total tax
  1 22 incentives issued per fiscal year cannot exceed $20 million,
  1 23 and $5 million of that total cap must be reserved for tax
  1 24 incentives issued to housing projects located in small cities.
  1 25 Under current law, the definition of "small city" includes
  1 26 any city or township not located within the 11 most populous
  1 27 counties in the state.  When a city is located in more than one
  1 28 county, it is considered to be located in the county having the
  1 29 greatest taxable base within the city.
  1 30    The bill amends the definition of "small city" for purposes
  1 31 of the program to be any city or township not located wholly
  1 32 within one or more of the 11 most populous counties in the
  1 33 state.  In other words, any city or township located in whole
  1 34 or in part in one of the 88 least populated counties in Iowa
  1 35 will qualify as a small city under the program.
  2  1 The bill takes effect upon enactment, and applies to housing
  2  2 projects registered by the authority under the program on or
  2  3 after that date.
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