Bill Text: IA SF2086 | 2019-2020 | 88th General Assembly | Introduced
Bill Title: A bill for an act requiring notices of potential eligibility for the business property tax credit.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2020-02-05 - Subcommittee recommends amendment and passage. [SF2086 Detail]
Download: Iowa-2019-SF2086-Introduced.html
Senate
File
2086
-
Introduced
SENATE
FILE
2086
BY
WHITING
A
BILL
FOR
An
Act
requiring
notices
of
potential
eligibility
for
the
1
business
property
tax
credit.
2
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
3
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Section
1.
Section
103A.19,
subsection
2,
paragraph
d,
1
unnumbered
paragraph
1,
Code
2020,
is
amended
to
read
as
2
follows:
3
Issue
certificates
of
occupancy
or
use,
permits,
licenses,
4
and
other
documents
in
connection
with
the
construction
of
5
buildings
or
structures
as
may
be
required
by
ordinance.
6
Permits
issued
on
or
after
July
1,
2020,
for
the
construction
7
of
buildings
or
structures
that
are
reasonably
likely
to
be
8
assessed
for
property
tax
purposes
as
commercial
property,
9
industrial
property,
or
railway
property
shall
include
a
10
notice
of
the
eligibility
criteria
and
filing
deadline
for
the
11
business
property
tax
credit
under
chapter
426C.
12
Sec.
2.
Section
426C.3,
Code
2020,
is
amended
by
adding
the
13
following
new
subsection:
14
NEW
SUBSECTION
.
8.
On
or
before
April
1,
2021,
and
on
or
15
before
each
April
1
thereafter,
the
assessor
shall
provide
16
written
notice
to
the
owner
or
taxpayer
of
each
commercial
17
property,
industrial
property,
or
railway
property
in
the
18
assessor’s
jurisdiction
not
currently
receiving
a
business
19
property
tax
credit
or
for
which
a
business
property
tax
credit
20
claim
has
not
been
filed.
The
notice
shall
provide
a
summary
21
of
the
eligibility
criteria
for
the
business
property
tax
22
credit
and
shall
identify
the
filing
deadline
for
the
credit.
23
Sec.
3.
Section
441.26,
Code
2020,
is
amended
by
adding
the
24
following
new
subsection:
25
NEW
SUBSECTION
.
5.
Beginning
with
valuations
for
January
26
1,
2021,
and
each
succeeding
year,
the
assessment
roll
notice
27
provided
to
the
property
owner
or
taxpayer
of
each
commercial
28
property,
industrial
property,
or
railway
property
shall
also
29
identify
whether
the
property
is
currently
receiving
a
business
30
property
tax
credit
under
chapter
426C.
31
Sec.
4.
IMPLEMENTATION
OF
ACT.
Section
25B.2,
subsection
32
3,
shall
not
apply
to
this
Act.
33
EXPLANATION
34
The
inclusion
of
this
explanation
does
not
constitute
agreement
with
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the
explanation’s
substance
by
the
members
of
the
general
assembly.
1
This
bill
relates
to
notices
of
potential
eligibility
for
2
the
business
property
tax
credit.
3
The
bill
requires
the
local
assessor
to
annually
provide
4
written
notice
to
the
owner
or
taxpayer
of
each
commercial
5
property,
industrial
property,
or
railway
property
in
the
6
assessor’s
jurisdiction
not
currently
receiving
a
business
7
property
tax
credit
or
for
which
a
business
property
tax
credit
8
claim
has
not
been
filed
under
Code
chapter
426C.
The
notice
9
is
required
to
provide
a
summary
of
the
eligibility
criteria
10
for
the
business
property
tax
credit
and
shall
identify
the
11
filing
deadline
for
the
credit.
12
The
bill
also
amends
Code
section
441.26
to
provide
that
13
beginning
with
valuations
for
January
1,
2021,
and
each
14
succeeding
year,
the
assessment
roll
notice
provided
to
15
the
property
owner
or
taxpayer
of
each
commercial
property,
16
industrial
property,
or
railway
property
shall
also
identify
17
whether
the
property
is
currently
receiving
a
business
property
18
tax
credit
under
Code
chapter
426C.
19
As
part
of
the
“State
Building
Code
Act”,
Code
section
20
103A.19
provides
that
each
governmental
subdivision
of
21
the
state
may,
and
each
city
with
a
population
of
15,000
22
or
more
that
has
not
adopted
a
local
building
code,
shall
23
issue
certificates
of
occupancy
or
use,
permits,
licenses,
24
and
other
documents
in
connection
with
the
construction
of
25
buildings
or
structures
as
may
be
required
by
ordinance.
The
26
bill
provides
that
permits
issued
on
or
after
July
1,
2020,
27
for
the
construction
of
buildings
or
structures
that
are
28
reasonably
likely
to
be
assessed
for
property
tax
purposes
as
29
commercial
property,
industrial
property,
or
railway
property
30
shall
include
a
notice
of
the
eligibility
criteria
and
filing
31
deadline
for
the
business
property
tax
credit
under
Code
32
chapter
426C.
33
The
bill
may
include
a
state
mandate
as
defined
in
Code
34
section
25B.3.
The
bill
makes
inapplicable
Code
section
25B.2,
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subsection
3,
which
would
relieve
a
political
subdivision
from
1
complying
with
a
state
mandate
if
funding
for
the
cost
of
2
the
state
mandate
is
not
provided
or
specified.
Therefore,
3
political
subdivisions
are
required
to
comply
with
any
state
4
mandate
included
in
the
bill.
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