Bill Text: IA HF207 | 2023-2024 | 90th General Assembly | Enrolled
Bill Title: A bill for an act relating to the assessment and taxation of certain sanitary sewage and storm water drainage property and including effective date and retroactive applicability provisions. (Formerly HSB 64.) Effective date: 05/01/2024. Applicability date: 01/01/2024.
Spectrum: Committee Bill
Status: (Passed) 2024-05-07 - Fiscal note. [HF207 Detail]
Download: Iowa-2023-HF207-Enrolled.html
House
File
207
-
Enrolled
House
File
207
AN
ACT
RELATING
TO
THE
ASSESSMENT
AND
TAXATION
OF
CERTAIN
SANITARY
SEWAGE
AND
STORM
WATER
DRAINAGE
PROPERTY
AND
INCLUDING
EFFECTIVE
DATE
AND
RETROACTIVE
APPLICABILITY
PROVISIONS.
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
Section
1.
Section
427.1,
Code
2024,
is
amended
by
adding
the
following
new
subsection:
NEW
SUBSECTION
.
42.
Sanitary
sewage
or
storm
water
drainage
property.
Property
owned
or
operated
by
a
public
utility,
as
defined
in
section
476.1,
subsection
2,
that
is
directly
and
primarily
used
for
the
purposes
specified
under
section
476.1,
subsection
2,
paragraph
“d”
.
Sec.
2.
CHAPTER
476
UTILITY
TARIFFS.
Each
public
utility,
as
defined
in
section
476.1,
subsection
2,
that
owns
or
operates
property
exempted
from
tax
under
this
Act
for
the
assessment
year
beginning
January
1,
2024,
shall
file
revised
tariffs
under
chapter
476
on
or
before
October
1,
2024,
to
reflect
the
exemption
provided
under
this
Act
and,
if
applicable,
provide
a
credit
to
ratepayers
for
the
change
in
charged
rates
during
the
applicable
time
period.
Sec.
3.
IMPLEMENTATION.
Section
25B.7
shall
not
apply
to
this
Act.
Sec.
4.
EFFECTIVE
DATE.
This
Act,
being
deemed
of
immediate
importance,
takes
effect
upon
enactment.
House
File
207,
p.
2
Sec.
5.
RETROACTIVE
APPLICABILITY.
This
Act
applies
retroactively
to
assessment
years
beginning
on
or
after
January
1,
2024.
______________________________
PAT
GRASSLEY
Speaker
of
the
House
______________________________
AMY
SINCLAIR
President
of
the
Senate
I
hereby
certify
that
this
bill
originated
in
the
House
and
is
known
as
House
File
207,
Ninetieth
General
Assembly.
______________________________
MEGHAN
NELSON
Chief
Clerk
of
the
House
Approved
_______________,
2024
______________________________
KIM
REYNOLDS
Governor
