Bill Text: IA HF391 | 2013-2014 | 85th General Assembly | Introduced
Bill Title: A bill for an act relating to the filing for an exemption from property taxes for certain property of educational institutions and including effective date and retroactive applicability provisions.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2013-12-31 - END OF 2013 ACTIONS [HF391 Detail]
Download: Iowa-2013-HF391-Introduced.html
House
File
391
-
Introduced
HOUSE
FILE
391
BY
T.
OLSON
A
BILL
FOR
An
Act
relating
to
the
filing
for
an
exemption
from
property
1
taxes
for
certain
property
of
educational
institutions
and
2
including
effective
date
and
retroactive
applicability
3
provisions.
4
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
5
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391
Section
1.
EDUCATIONAL
INSTITUTION
PROPERTY
TAX
EXEMPTION
1
——
FILING.
Notwithstanding
the
requirement
for
the
filing
of
2
a
statement
claiming
the
property
tax
exemption
by
February
1
3
as
provided
in
section
427.1,
subsection
9,
for
the
assessment
4
year
beginning
January
1,
2013,
the
statement
claiming
the
5
exemption
under
section
427.1,
subsection
9,
for
property
6
owned
by
an
educational
institution
as
part
of
its
endowment
7
fund
that
was
acquired
by
the
educational
institution
from
8
a
governmental
entity
after
January
1,
2012,
and
that
is
9
located
in
a
county
having
a
population
of
at
least
two
hundred
10
thousand
but
not
more
than
two
hundred
fifty
thousand
according
11
to
the
2010
federal
decennial
census,
shall
be
filed
not
later
12
than
June
1,
2013.
13
Sec.
2.
EFFECTIVE
UPON
ENACTMENT.
This
Act,
being
deemed
of
14
immediate
importance,
takes
effect
upon
enactment.
15
Sec.
3.
RETROACTIVE
APPLICABILITY.
This
Act
applies
16
retroactively
to
January
1,
2013,
for
assessment
years
17
beginning
on
or
after
that
date.
18
EXPLANATION
19
This
bill
provides
that
notwithstanding
the
requirement
for
20
the
filing
of
a
statement
claiming
the
educational
institution
21
property
tax
exemption
by
February
1
as
provided
in
Code
22
section
427.1(9),
for
the
assessment
year
beginning
January
23
1,
2013,
the
statement
claiming
the
exemption
for
property
24
owned
by
an
educational
institution
as
part
of
its
endowment
25
fund
that
was
acquired
by
the
educational
institution
from
a
26
governmental
entity
after
January
1,
2012,
and
that
is
located
27
in
a
county
having
a
population
of
at
least
200,000
but
not
28
more
than
250,000
according
to
the
2010
federal
decennial
29
census,
shall
be
filed
not
later
than
June
1,
2013.
30
The
bill
takes
effect
upon
enactment
and
applies
31
retroactively
to
January
1,
2013,
for
assessment
years
32
beginning
on
or
after
that
date.
33
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