Bill Text: IA HF718 | 2023-2024 | 90th General Assembly | Introduced
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: A bill for an act relating to local government property taxes, financial authority, operations, and budgets, modifying certain transit funding, property tax credits and exemptions, and appropriations, requiring certain information related to property taxation to be provided to property owners and taxpayers, modifying provisions relating to fees for driver's licenses and nonoperator's identification cards, modifying provisions relating to certain writing fees, modifying certain bonding procedures, making penalties applicable, and including effective date, applicability, and retroactive applicability provisions. (Formerly HF 1.) Effective date: 05/04/2023, 07/01/2023, 07/01/2024. Applicability date: 01/01/2023, 07/01/2023, 07/01/2024.
Spectrum: Committee Bill
Status: (Passed) 2023-05-24 - Fiscal note. [HF718 Detail]
Download: Iowa-2023-HF718-Introduced.html
Bill Title: A bill for an act relating to local government property taxes, financial authority, operations, and budgets, modifying certain transit funding, property tax credits and exemptions, and appropriations, requiring certain information related to property taxation to be provided to property owners and taxpayers, modifying provisions relating to fees for driver's licenses and nonoperator's identification cards, modifying provisions relating to certain writing fees, modifying certain bonding procedures, making penalties applicable, and including effective date, applicability, and retroactive applicability provisions. (Formerly HF 1.) Effective date: 05/04/2023, 07/01/2023, 07/01/2024. Applicability date: 01/01/2023, 07/01/2023, 07/01/2024.
Spectrum: Committee Bill
Status: (Passed) 2023-05-24 - Fiscal note. [HF718 Detail]
Download: Iowa-2023-HF718-Introduced.html
House
File
718
-
Introduced
HOUSE
FILE
718
BY
COMMITTEE
ON
WAYS
AND
MEANS
(SUCCESSOR
TO
HF
1)
A
BILL
FOR
An
Act
relating
to
local
government
funding
by
modifying
school
1
district
funding
provisions,
property
tax
calculation
2
provisions,
local
government
budgeting
and
bonding
3
procedures,
and
including
effective
date
and
applicability
4
provisions.
5
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
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DIVISION
I
1
SCHOOL
FOUNDATION
PROPERTY
TAX
2
Section
1.
Section
257.3,
subsection
1,
paragraph
a,
Code
3
2023,
is
amended
to
read
as
follows:
4
a.
Except
as
provided
in
subsections
2
and
3
,
a
school
5
district
shall
cause
to
be
levied
each
year,
for
the
school
6
general
fund,
a
foundation
property
tax
equal
to
five
four
7
dollars
and
forty
cents
per
thousand
dollars
of
assessed
8
valuation
on
all
taxable
property
in
the
district.
The
county
9
auditor
shall
spread
the
foundation
levy
over
all
taxable
10
property
in
the
district.
11
Sec.
2.
Section
257.3,
subsection
2,
paragraphs
a
and
b,
12
Code
2023,
are
amended
to
read
as
follows:
13
a.
Notwithstanding
subsection
1
,
a
reorganized
school
14
district
shall
cause
a
foundation
property
tax
of
four
three
15
dollars
and
forty
cents
per
thousand
dollars
of
assessed
16
valuation
to
be
levied
on
all
taxable
property
which,
in
the
17
year
preceding
a
reorganization,
was
within
a
school
district
18
affected
by
the
reorganization
as
defined
in
section
275.1
,
19
or
in
the
year
preceding
a
dissolution
was
a
part
of
a
school
20
district
that
dissolved
if
the
dissolution
proposal
has
21
been
approved
by
the
director
of
the
department
of
education
22
pursuant
to
section
275.55
.
23
b.
In
succeeding
school
years,
the
foundation
property
tax
24
levy
on
that
portion
shall
be
increased
to
the
rate
of
four
25
three
dollars
and
ninety
cents
per
thousand
dollars
of
assessed
26
valuation
the
first
succeeding
year,
five
four
dollars
and
27
fifteen
cents
per
thousand
dollars
of
assessed
valuation
the
28
second
succeeding
year,
and
five
four
dollars
and
forty
cents
29
per
thousand
dollars
of
assessed
valuation
the
third
succeeding
30
year
and
each
year
thereafter.
31
Sec.
3.
Section
425A.3,
subsection
1,
Code
2023,
is
amended
32
to
read
as
follows:
33
1.
The
family
farm
tax
credit
fund
shall
be
apportioned
34
each
year
in
the
manner
provided
in
this
chapter
so
as
to
give
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a
credit
against
the
tax
on
each
eligible
tract
of
agricultural
1
land
within
the
several
school
districts
of
the
state
in
which
2
the
levy
for
the
general
school
fund
exceeds
five
dollars
and
3
forty
cents
per
thousand
dollars
of
assessed
value
the
levy
4
rate
under
section
257.3,
subsection
1,
paragraph
“a”
.
The
5
amount
of
the
credit
on
each
eligible
tract
of
agricultural
6
land
shall
be
the
amount
the
tax
levied
for
the
general
school
7
fund
exceeds
the
amount
of
tax
which
would
be
levied
on
each
8
eligible
tract
of
agricultural
land
were
the
levy
for
the
9
general
school
fund
five
dollars
and
forty
cents
per
thousand
10
dollars
of
assessed
value
the
levy
rate
under
section
257.3,
11
subsection
1,
paragraph
“a”
,
for
the
previous
year.
However,
12
in
the
case
of
a
deficiency
in
the
family
farm
tax
credit
fund
13
to
pay
the
credits
in
full,
the
credit
on
each
eligible
tract
14
of
agricultural
land
in
the
state
shall
be
proportionate
and
15
applied
as
provided
in
this
chapter
.
16
Sec.
4.
Section
425A.5,
Code
2023,
is
amended
to
read
as
17
follows:
18
425A.5
Computation
by
county
auditor.
19
The
family
farm
tax
credit
allowed
each
year
shall
be
20
computed
as
follows:
On
or
before
April
1,
the
county
auditor
21
shall
list
by
school
districts
all
tracts
of
agricultural
22
land
which
are
entitled
to
credit,
the
taxable
value
for
the
23
previous
year,
the
budget
from
each
school
district
for
the
24
previous
year,
and
the
tax
rate
determined
for
the
general
25
fund
of
the
school
district
in
the
manner
prescribed
in
26
section
444.3
for
the
previous
year,
and
if
the
tax
rate
is
in
27
excess
of
five
dollars
and
forty
cents
per
thousand
dollars
of
28
assessed
value
the
levy
rate
under
section
257.3,
subsection
29
1,
paragraph
“a”
,
the
auditor
shall
multiply
the
tax
levy
which
30
is
in
excess
of
five
dollars
and
forty
cents
per
thousand
31
dollars
of
assessed
value
the
levy
rate
under
section
257.3,
32
subsection
1,
paragraph
“a”
,
by
the
total
taxable
value
of
the
33
agricultural
land
entitled
to
credit
in
the
school
district,
34
and
on
or
before
April
1,
certify
the
total
amount
of
credit
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and
the
total
number
of
acres
entitled
to
the
credit
to
the
1
department
of
revenue.
2
Sec.
5.
Section
426.3,
Code
2023,
is
amended
to
read
as
3
follows:
4
426.3
Where
credit
given.
5
The
agricultural
land
credit
fund
shall
be
apportioned
each
6
year
in
the
manner
hereinafter
provided
so
as
to
give
a
credit
7
against
the
tax
on
each
tract
of
agricultural
lands
within
the
8
several
school
districts
of
the
state
in
which
the
levy
for
9
the
general
school
fund
exceeds
five
dollars
and
forty
cents
10
per
thousand
dollars
of
assessed
value
the
levy
rate
under
11
section
257.3,
subsection
1,
paragraph
“a”
;
the
amount
of
such
12
credit
on
each
tract
of
such
lands
shall
be
the
amount
the
tax
13
levied
for
the
general
school
fund
exceeds
the
amount
of
tax
14
which
would
be
levied
on
said
tract
of
such
lands
were
the
15
levy
for
the
general
school
fund
five
dollars
and
forty
cents
16
per
thousand
dollars
of
assessed
value
the
levy
rate
under
17
section
257.3,
subsection
1,
paragraph
“a”
,
for
the
previous
18
year,
except
in
the
case
of
a
deficiency
in
the
agricultural
19
land
credit
fund
to
pay
said
credits
in
full,
in
which
case
the
20
credit
on
each
eligible
tract
of
such
lands
in
the
state
shall
21
be
proportionate
and
shall
be
applied
as
hereinafter
provided.
22
Sec.
6.
Section
426.6,
subsection
1,
Code
2023,
is
amended
23
to
read
as
follows:
24
1.
The
agricultural
land
tax
credit
allowed
each
year
25
shall
be
computed
as
follows:
On
or
before
April
1,
the
26
county
auditor
shall
list
by
school
districts
all
tracts
of
27
agricultural
lands
which
are
entitled
to
credit,
together
with
28
the
taxable
value
for
the
previous
year,
together
with
the
29
budget
from
each
school
district
for
the
previous
year,
and
the
30
tax
rate
determined
for
the
general
fund
of
the
district
in
31
the
manner
prescribed
in
section
444.3
for
the
previous
year,
32
and
if
such
tax
rate
is
in
excess
of
five
dollars
and
forty
33
cents
per
thousand
dollars
of
assessed
value
the
levy
rate
34
under
section
257.3,
subsection
1,
paragraph
“a”
,
the
auditor
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shall
multiply
the
tax
levy
which
is
in
excess
of
five
dollars
1
and
forty
cents
per
thousand
dollars
of
assessed
value
the
2
levy
rate
under
section
257.3,
subsection
1,
paragraph
“a”
,
by
3
the
total
taxable
value
of
the
agricultural
lands
entitled
to
4
credit
in
the
district,
and
on
or
before
April
1,
certify
the
5
amount
to
the
department
of
revenue.
6
Sec.
7.
ADJUSTMENT
OF
CALCULATIONS.
For
property
tax
7
credits
under
chapters
425A
and
426
for
property
taxes
due
and
8
payable
in
the
fiscal
year
beginning
July
1,
2023,
the
tax
rate
9
determined
for
the
general
fund
of
the
school
district
in
the
10
manner
prescribed
in
section
444.3
for
the
previous
year
shall
11
be
determined
using
the
applicable
property
tax
levy
rate
under
12
section
257.3,
as
amended
in
this
division
of
this
Act.
13
Sec.
8.
EFFECTIVE
DATE.
This
division
of
this
Act,
being
14
deemed
of
immediate
importance,
takes
effect
upon
enactment.
15
Sec.
9.
APPLICABILITY.
The
following
apply
July
1,
2023,
16
for
school
budget
years
beginning
on
or
after
that
date:
17
1.
The
section
of
this
division
of
this
Act
amending
section
18
257.3,
subsection
1,
paragraph
“a”.
19
2.
The
section
of
this
division
of
this
Act
amending
section
20
257.3,
subsection
2,
paragraphs
“a”
and
“b”.
21
DIVISION
II
22
PROPERTY
TAX
LIMITATION
23
Sec.
10.
Section
443.2,
subsection
1,
Code
2023,
is
amended
24
to
read
as
follows:
25
1.
Before
the
first
day
of
July
in
each
year,
the
county
26
auditor
shall
transcribe
the
assessments
of
the
townships
and
27
cities
into
a
book
or
record,
to
be
known
as
the
tax
list,
28
properly
ruled
and
headed,
with
separate
columns,
in
which
29
shall
be
entered
the
names
of
the
taxpayers,
descriptions
of
30
lands,
number
of
acres
and
value,
numbers
of
city
lots
and
31
value,
and
each
description
of
tax,
with
a
column
for
polls
and
32
one
for
payments,
and
shall
complete
it
by
entering
the
amount
33
due
on
each
installment,
separately,
and
carrying
out
the
total
34
of
both
installments.
The
total
of
all
columns
of
each
page
of
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each
book
or
other
record
shall
balance
with
the
tax
totals.
1
After
computing
the
amount
of
tax
due
and
payable
on
each
2
property,
the
county
auditor
shall
round
the
total
amount
of
3
tax
due
and
payable
on
the
property
to
the
nearest
even
whole
4
dollar
and,
if
applicable,
reduce
the
amounts
due
and
payable
5
as
required
under
section
444.25
.
6
Sec.
11.
Section
444.1,
Code
2023,
is
amended
to
read
as
7
follows:
8
444.1
Basis
for
amount
of
tax.
9
In
all
taxing
districts
in
the
state,
including
townships,
10
school
districts,
cities
,
and
counties,
when
by
law
then
11
existing
the
people
are
authorized
to
determine
by
vote,
or
12
officers
are
authorized
to
estimate
or
determine,
a
rate
of
13
taxation
required
for
any
public
purpose,
such
rate
shall
in
14
all
cases
be
estimated
and
based
upon
the
adjusted
taxable
15
valuation
of
such
taxing
district
for
the
preceding
calendar
16
year
and
subject
to
the
limitation
of
section
444.25
.
17
Sec.
12.
Section
444.2,
Code
2023,
is
amended
to
read
as
18
follows:
19
444.2
Amounts
certified
in
dollars.
20
When
an
authorized
tax
rate
within
a
taxing
district,
21
including
townships,
school
districts,
cities
,
and
counties,
22
has
been
thus
determined
as
provided
by
law,
the
officer
or
23
officers
charged
with
the
duty
of
certifying
the
authorized
24
rate
to
the
county
auditor
or
board
of
supervisors
shall,
25
before
certifying
the
rate,
compute
upon
the
adjusted
taxable
26
valuation
of
the
taxing
district
for
the
preceding
fiscal
year,
27
the
amount
of
tax
the
rate
will
raise,
stated
in
dollars,
28
subject
to
the
limitation
of
section
444.25,
and
shall
certify
29
the
computed
amount
in
dollars
and
not
by
rate,
to
the
county
30
auditor
and
board
of
supervisors.
31
Sec.
13.
Section
444.3,
Code
2023,
is
amended
to
read
as
32
follows:
33
444.3
Computation
of
rate.
34
When
the
valuations
for
the
several
taxing
districts
shall
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have
been
adjusted
by
the
several
boards
for
the
current
1
year,
the
county
auditor
shall
thereupon
apply
such
a
rate,
2
not
exceeding
the
rate
authorized
by
law,
as
will
raise
the
3
amount
required
for
such
taxing
district,
and
no
larger
amount
,
4
subject
to
the
limitation
under
section
444.25
.
For
purposes
5
of
computing
the
rate
under
this
section
,
the
adjusted
taxable
6
valuation
of
the
property
of
a
taxing
district
does
not
include
7
the
valuation
of
property
of
a
railway
corporation
or
its
8
trustee
which
corporation
has
been
declared
bankrupt
or
is
in
9
bankruptcy
proceedings.
Nothing
in
the
preceding
sentence
10
exempts
the
property
of
such
railway
corporation
or
its
trustee
11
from
taxation
and
the
rate
computed
under
this
section
shall
12
be
levied
on
the
taxable
property
of
such
railway
corporation
13
or
its
trustee.
14
Sec.
14.
Section
444.22,
Code
2023,
is
amended
to
read
as
15
follows:
16
444.22
Annual
levy.
17
In
each
year
the
director
of
revenue
shall
fix
the
rate
in
18
percentage
to
be
levied
upon
the
assessed
valuation
of
the
19
taxable
property
of
the
state
necessary
to
raise
the
amount
for
20
general
state
purposes
as
shall
be
designated
by
the
department
21
of
management
,
subject
to
the
limitation
under
section
444.25
.
22
Sec.
15.
NEW
SECTION
.
444.25
Property
tax
amount
limitation
23
——
reduction.
24
1.
For
purposes
of
this
section:
25
a.
“Base
year”
means
the
assessment
year
preceding
the
26
assessment
year
used
to
calculate
property
taxes
due
and
27
payable
in
the
applicable
fiscal
year.
28
b.
“Local
taxing
authority”
means
a
city,
county,
community
29
college,
school
district,
or
other
governmental
subdivision
30
located
in
this
state
and
authorized
to
certify
a
levy
on
31
property
located
within
such
authority.
32
c.
“New
construction”
means
buildings,
structures,
or
33
improvements
constructed
or
relocated
on
or
made
to
the
parcel.
34
d.
“Parcel”
means
each
separate
item
shown
on
the
tax
list,
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manufactured
or
mobile
home
tax
list,
schedule
of
assessment,
1
or
schedule
of
rate
or
charge.
2
e.
“Property
taxes”
means
annual
ad
valorem
taxes
imposed
3
on
the
parcel
which
are
collectable
by
the
county
treasurer
4
following
application
of
all
applicable
exemptions
and
credits,
5
and
shall
not
include
special
assessments,
amounts
levied
under
6
chapter
468,
or
taxes
under
chapter
435.
“Property
taxes”
also
7
do
not
include
taxes
levied
as
the
result
of
a
property
tax
8
levy
approved
at
election
or
that
portion
of
any
property
tax
9
levy
imposed
that
is
for
the
payment
of
principal
and
interest
10
on
bonds
or
other
indebtedness
the
issuance
of
which
was
11
approved
at
election,
including
refunding
bonds
issued
for
the
12
repayment
of
bonds
that
were
approved
at
election.
13
f.
“Qualified
parcel”
means
a
parcel
that
is
not
located
14
in
an
urban
renewal
area
under
chapter
403
or
an
urban
15
revitalization
area
under
chapter
404,
is
not
wind
energy
16
conversion
property
as
defined
in
section
427B.26,
and
for
17
which
none
of
the
following
apply:
18
(1)
The
parcel
changed
ownership
during
the
base
year.
19
(2)
New
construction
occurred
on
the
parcel
during
the
base
20
year.
21
(3)
The
parcel’s
assessment
for
the
base
year
was
a
partial
22
assessment
as
the
result
of
incomplete
new
construction
or
23
improvements.
24
(4)
The
parcel
was
omitted
from
assessment
or
fraudulently
25
withheld
from
assessment
in
the
base
year.
26
(5)
The
parcel’s
property
taxes
were
suspended
or
abated
27
under
sections
427.8,
427.9,
and
427.10.
28
(6)
The
parcel’s
classification
is
different
from
the
base
29
year.
30
2.
a.
For
property
taxes
due
and
payable
in
fiscal
years
31
beginning
on
or
after
July
1,
2024,
if
the
amount
of
property
32
taxes
otherwise
calculated
to
be
due
and
payable
on
a
qualified
33
parcel
of
residential
property
or
agricultural
property
34
exceeds
one
hundred
three
percent
of
the
actual
amount
of
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property
taxes
due
and
payable
on
the
parcel
in
the
immediately
1
preceding
fiscal
year,
such
amount
shall
be
reduced
as
provided
2
in
subsection
3.
If,
however,
improvements
or
renovations,
not
3
amounting
to
new
construction,
occurs
on
the
property
during
4
the
base
year,
the
threshold
amount
of
property
taxes
shall
be
5
one
hundred
three
percent
plus
the
percentage
of
the
parcel’s
6
taxable
value
attributable
to
the
improvements
or
renovations.
7
Improvements
or
renovations
do
not
include
normal
and
necessary
8
repairs
to
an
existing
building
or
improvement,
not
amounting
9
to
structural
replacements
or
modifications.
10
b.
For
property
taxes
due
and
payable
in
fiscal
years
11
beginning
on
or
after
July
1,
2024,
if
the
amount
of
property
12
taxes
otherwise
calculated
to
be
due
and
payable
on
a
qualified
13
parcel
of
commercial
property
or
industrial
property
exceeds
14
one
hundred
eight
percent
of
the
actual
amount
of
property
15
taxes
due
and
payable
on
the
parcel
in
the
immediately
16
preceding
fiscal
year,
such
amount
shall
be
reduced
as
provided
17
in
subsection
3.
If,
however,
improvements
or
renovations,
not
18
amounting
to
new
construction,
occurs
on
the
property
during
19
the
base
year,
the
threshold
amount
of
property
taxes
shall
be
20
one
hundred
eight
percent
plus
the
percentage
of
the
parcel’s
21
taxable
value
attributable
to
the
improvements
or
renovations.
22
Improvements
or
renovations
do
not
include
normal
and
necessary
23
repairs
to
an
existing
building
or
improvement,
not
amounting
24
to
structural
replacements
or
modifications.
25
c.
Property
taxes
levied
by
a
political
subdivision
that
did
26
not
exist
for
the
immediately
preceding
fiscal
year
shall
not
27
be
included
in
the
calculation
of
the
property
tax
to
be
due
28
and
payable
for
the
fiscal
year
and
shall
not
be
reduced
under
29
subsection
3.
30
3.
a.
If
the
total
amount
of
property
taxes
due
and
31
payable
on
the
parcel
exceeds
the
applicable
threshold
for
32
the
parcel
under
subsection
2,
the
amount
of
property
taxes
33
due
and
payable
to
each
taxing
authority
that
certified
for
34
levy
property
taxes
on
the
parcel
in
excess
of
the
applicable
35
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threshold
percentage
of
such
amount
levied
by
that
taxing
1
authority
on
the
parcel
in
the
immediately
preceding
fiscal
2
year
shall
be
reduced
by
the
amount
by
which
the
parcel’s
3
total
amount
of
property
taxes
due
and
payable
for
all
taxing
4
authorities
exceeds
the
applicable
threshold
for
the
parcel
5
under
subsection
2.
6
b.
The
amount
of
the
reduction
shall
be
proportionately
7
applied
among
the
various
levies
for
property
taxes,
or
8
portions
thereof,
of
those
taxing
authorities
that
certified
9
for
levy
property
taxes
on
the
parcel
in
excess
of
the
10
applicable
threshold
percentage
of
such
amount
levied
by
that
11
taxing
authority
on
the
parcel
in
the
immediately
preceding
12
fiscal
year.
13
c.
The
reductions
shall
be
made
by
the
county
auditor
prior
14
to
delivery
of
the
tax
list
prescribed
in
chapter
443
to
ensure
15
accurate
statement
of
taxes
under
section
445.5.
16
4.
The
director
of
the
department
of
revenue
shall
adopt
17
rules
pursuant
to
chapter
17A
to
administer
and
interpret
this
18
section.
19
Sec.
16.
Section
445.5,
subsection
1,
paragraphs
e,
f,
g,
20
and
h,
Code
2023,
are
amended
to
read
as
follows:
21
e.
The
complete
name
of
all
taxing
authorities
receiving
a
22
tax
distribution,
the
amount
of
the
distribution,
the
amount
of
23
any
reduction
resulting
from
section
444.25,
and
the
percentage
24
distribution
for
each
named
authority,
listed
from
the
highest
25
to
the
lowest
distribution
percentage.
26
f.
The
consolidated
levy
rate
for
one
thousand
dollars
27
of
taxable
valuation
multiplied
by
the
taxable
valuation
to
28
produce
the
gross
taxes
levied
before
application
of
credits
29
against
levied
taxes
for
the
previous
and
current
fiscal
years
30
and
before
any
reduction
resulting
from
section
444.25
.
31
g.
The
itemized
credits
against
levied
taxes
deducted
from
32
the
gross
taxes
levied
in
order
to
produce
the
net
taxes
owed
33
for
the
previous
and
current
fiscal
years
and
the
amount
of
any
34
reductions
under
section
444.25
for
previous
and
current
fiscal
35
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years
.
1
h.
The
total
amount
of
taxes
levied
by
each
taxing
authority
2
in
the
previous
fiscal
year
and
the
current
fiscal
year
and
the
3
difference
between
the
two
amounts,
expressed
as
a
percentage
4
increase
or
decrease
,
and
the
amount
of
any
reduction
to
a
5
taxing
authority
resulting
from
section
444.25
.
6
Sec.
17.
Section
445.57,
subsection
1,
Code
2023,
is
amended
7
to
read
as
follows:
8
1.
On
or
before
the
tenth
day
of
each
month,
the
county
9
treasurer
shall
apportion
all
taxes
collected
during
the
10
preceding
month,
except
partial
payment
amounts
collected
11
pursuant
to
section
445.36A,
subsection
1
,
partial
payments
12
collected
and
not
yet
designated
by
the
county
treasurer
13
for
apportionment
pursuant
to
section
445.36A,
subsection
14
2
,
partial
payments
collected
pursuant
to
section
435.24,
15
subsection
6
,
paragraph
“a”
,
and
partial
payments
collected
and
16
not
yet
designated
by
the
county
treasurer
for
apportionment
17
pursuant
to
section
435.24,
subsection
6
,
paragraph
“b”
,
among
18
the
several
funds
to
which
they
belong
according
to
the
amount
19
levied
for
each
fund,
as
adjusted
under
section
444.25,
if
20
applicable,
and
shall
apportion
the
interest,
fees,
and
costs
21
on
the
taxes
to
the
general
fund,
and
shall
enter
those
amounts
22
upon
the
treasurer’s
cash
account,
and
report
the
amounts
to
23
the
county
auditor.
24
Sec.
18.
IMPLEMENTATION
OF
ACT.
25
1.
Section
25B.2,
subsection
3,
shall
not
apply
to
this
26
division
of
this
Act.
27
2.
Section
25B.7
shall
not
apply
to
this
division
of
this
28
Act.
29
Sec.
19.
APPLICABILITY.
This
division
of
this
Act
applies
30
to
property
taxes
due
and
payable
in
fiscal
years
beginning
on
31
or
after
July
1,
2024.
32
DIVISION
III
33
LOCAL
GOVERNMENT
BUDGETS
34
Sec.
20.
Section
24.9,
subsection
1,
Code
2023,
is
amended
35
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to
read
as
follows:
1
1.
a.
Each
municipality
shall
file
with
the
secretary
or
2
clerk
thereof
the
estimates
required
to
be
made
in
sections
3
24.3
through
24.8
,
at
least
twenty
days
before
the
date
fixed
4
by
law
for
certifying
the
same
to
the
levying
board
and
shall
5
forthwith
fix
a
date
for
a
hearing
on
the
estimates,
and
6
shall
publish
such
estimates
and
any
annual
levies
previously
7
authorized
as
provided
in
section
76.2
,
with
a
notice
of
the
8
time
when
and
the
place
where
such
hearing
shall
be
held
not
9
less
than
ten
nor
more
than
twenty
days
before
the
hearing.
10
Provided
that
in
municipalities
of
less
than
two
hundred
11
population
such
estimates
and
the
notice
of
hearing
shall
12
be
posted
in
three
public
places
in
the
district
in
lieu
of
13
publication.
For
any
other
municipality
such
publication
14
shall
be
in
a
newspaper
published
in
the
municipality,
if
any,
15
if
not,
then
in
a
newspaper
of
general
circulation
in
the
16
municipality.
Except
for
a
municipality
with
property
tax
17
revenues
for
the
immediately
preceding
fiscal
year
of
less
18
than
five
thousand
dollars,
the
notice
shall
also
include
the
19
information
required
under
paragraph
“c”
,
subparagraph
(2),
20
subparagraph
divisions
(a)
through
(d),
which
shall
be
adopted
21
by
resolution
of
the
municipality.
22
b.
The
department
of
management
shall
prescribe
the
form
for
23
public
hearing
notices
for
use
by
municipalities
and
notices
24
required
to
be
sent
under
paragraph
“c”
.
25
c.
(1)
For
purposes
of
this
paragraph:
26
(a)
“Budget
year”
is
the
fiscal
year
beginning
during
the
27
calendar
year
in
which
a
budget
is
certified.
28
(b)
“Current
fiscal
year”
is
the
fiscal
year
ending
during
29
the
calendar
year
in
which
a
budget
for
the
budget
year
is
30
certified.
31
(c)
“Effective
property
tax
rate”
means
the
property
tax
32
rate
per
one
thousand
dollars
of
assessed
value
and
is
equal
to
33
one
thousand
multiplied
by
the
quotient
of
the
current
fiscal
34
year’s
actual
property
tax
dollars
certified
for
levy
divided
35
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by
the
total
assessed
value
used
to
calculate
taxes
for
the
1
budget
year.
2
(2)
In
addition
to
the
notices
published
and
posted
3
under
paragraph
“a”
,
the
municipality
shall
direct
the
4
county
treasurer
to
send
to
each
owner
or
taxpayer
within
5
the
municipality
by
regular
mail,
on
or
before
the
date
6
of
publication
under
paragraph
“a”
,
an
individual
notice
7
containing
all
of
the
following:
8
(a)
The
sum
of
the
current
fiscal
year’s
actual
property
9
taxes
certified
for
levy
by
the
municipality
and
the
10
municipality’s
current
fiscal
year’s
combined
property
tax
rate
11
for
such
amount.
12
(b)
The
effective
property
tax
rate
calculated
using
the
sum
13
of
the
current
fiscal
year’s
actual
property
taxes
certified
by
14
the
municipality.
15
(c)
The
sum
of
the
proposed
property
tax
dollars
to
be
16
certified
for
levy
by
the
municipality
for
the
budget
year
and
17
the
proposed
combined
property
tax
rate
for
such
amount.
18
(d)
If
the
proposed
property
tax
dollars
specified
under
19
subparagraph
division
(c)
exceeds
the
current
fiscal
year’s
20
actual
property
tax
dollars
certified
for
levy
specified
in
21
subparagraph
division
(a),
a
statement
of
the
major
reasons
for
22
the
increase.
23
(e)
The
assessed
value
of
the
owner’s
or
taxpayer’s
property
24
used
to
calculate
property
taxes
for
the
current
fiscal
year.
25
(f)
The
assessed
value
of
the
owner’s
or
taxpayer’s
property
26
used
to
calculate
property
taxes
for
the
budget
year.
27
(g)
The
amount
of
property
taxes
due
on
the
owner’s
or
28
taxpayer’s
property
for
the
current
fiscal
year
for
the
29
municipality.
30
(h)
The
proposed
amount
of
property
taxes
to
be
levied
31
against
the
owner’s
or
taxpayer’s
property
for
the
budget
year
32
for
the
municipality.
33
(3)
This
paragraph
does
not
apply
to
municipalities
with
34
property
tax
revenues
for
the
immediately
preceding
fiscal
year
35
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of
less
than
five
thousand
dollars.
1
Sec.
21.
Section
331.433A,
subsection
4,
paragraph
b,
Code
2
2023,
is
amended
to
read
as
follows:
3
b.
Proof
of
publication
shall
be
filed
with
and
preserved
4
by
the
auditor.
The
department
of
management
shall
prescribe
5
the
form
for
the
public
hearing
notice
for
use
by
counties
,
the
6
form
for
individual
notices
provided
under
paragraph
“c”
,
and
7
the
form
for
the
resolution
to
be
adopted
by
the
board
under
8
subsection
5
.
9
Sec.
22.
Section
331.433A,
subsection
4,
Code
2023,
is
10
amended
by
adding
the
following
new
paragraph:
11
NEW
PARAGRAPH
.
c.
In
addition
to
the
notices
published
and
12
posted
under
paragraph
“a”
,
the
county
shall
direct
the
county
13
treasurer
to
send
to
each
owner
or
taxpayer
by
regular
mail,
14
on
or
before
the
date
of
publication
under
paragraph
“a”
,
an
15
individual
notice
containing
the
information
required
under
16
paragraph
“a”
,
subparagraphs
(1)
through
(4),
and
all
of
the
17
following:
18
(1)
The
assessed
value
of
the
owner’s
or
taxpayer’s
property
19
used
to
calculate
property
taxes
for
the
current
fiscal
year.
20
(2)
The
assessed
value
of
the
owner’s
or
taxpayer’s
property
21
used
to
calculate
property
taxes
for
the
budget
year.
22
(3)
The
amount
of
property
taxes
due
on
the
owner’s
or
23
taxpayer’s
property
for
the
current
fiscal
year
for
general
24
county
services
and
rural
county
services
under
the
levies
25
specified
in
subsection
2,
paragraphs
“a”
and
“b”
.
26
(4)
The
proposed
amount
of
property
taxes
to
be
levied
27
against
the
owner’s
or
taxpayer’s
property
for
the
budget
year
28
for
general
county
services
and
rural
county
services
under
the
29
levies
specified
in
subsection
2,
paragraphs
“a”
and
“b”
.
30
Sec.
23.
Section
331.433A,
subsection
5,
paragraph
a,
Code
31
2023,
is
amended
to
read
as
follows:
32
a.
At
the
public
hearing,
the
board
shall
receive
oral
33
or
written
objections
from
any
resident
or
property
owner
34
of
the
county.
After
all
objections
have
been
received
and
35
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considered,
the
board
may
decrease,
but
not
increase,
the
1
proposed
maximum
property
tax
dollar
amounts
for
inclusion
in
2
the
resolution
and
shall
adopt
the
resolution
and
file
the
3
resolution
with
the
auditor
as
required
under
section
331.434,
4
subsection
3
.
In
addition
to
the
proposed
maximum
property
tax
5
dollar
amounts
for
general
county
services
and
rural
county
6
services,
the
resolution
shall
also
include
the
effective
7
property
tax
rate
for
general
county
services,
the
effective
8
property
tax
rate
for
rural
county
services,
the
estimated
9
property
tax
rate
for
the
proposed
general
county
services
10
maximum
property
tax
dollar
amount,
and
the
estimated
property
11
tax
rate
for
the
proposed
rural
county
services
maximum
12
property
tax
dollar
amount.
13
Sec.
24.
Section
331.553,
Code
2023,
is
amended
by
adding
14
the
following
new
subsection:
15
NEW
SUBSECTION
.
9.
If
all
applicable
information
is
16
available
in
a
timely
manner,
consolidate
all
required
17
individual
notices
required
under
section
24.9,
subsection
1,
18
paragraph
“c”
,
subparagraph
(2),
section
331.433A,
subsection
19
4,
paragraph
“c”
,
section
359.49,
subsection
4,
paragraph
20
“b”
,
subparagraph
(2),
and
section
384.15A,
subsection
4,
21
paragraph
“c”
,
so
that
all
applicable
notices
appear
on
a
single
22
individual
notice
for
each
owner
or
taxpayer.
23
Sec.
25.
Section
359.49,
subsection
4,
Code
2023,
is
amended
24
to
read
as
follows:
25
4.
a.
The
board
of
trustees
shall
transmit
a
copy
of
the
26
proposed
budget
and
a
notice
of
the
meeting
set
as
required
by
27
subsection
5
to
the
county
auditor
for
posting.
The
county
28
auditor
shall
post
the
notice
and
the
proposed
budget
in
an
29
area
of
the
courthouse
where
notices
to
the
public
are
commonly
30
posted.
The
notice
shall
also
include
the
information
required
31
under
paragraph
“b”
,
subparagraph
(2),
subparagraph
divisions
32
(a)
through
(d),
which
shall
be
adopted
by
resolution
of
the
33
board
of
trustees.
34
b.
(1)
For
purposes
of
this
paragraph:
35
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(a)
“Budget
year”
is
the
fiscal
year
beginning
during
the
1
calendar
year
in
which
a
budget
is
certified.
2
(b)
“Current
fiscal
year”
is
the
fiscal
year
ending
during
3
the
calendar
year
in
which
a
budget
for
the
budget
year
is
4
certified.
5
(c)
“Effective
property
tax
rate”
means
the
property
tax
6
rate
per
one
thousand
dollars
of
assessed
value
and
is
equal
to
7
one
thousand
multiplied
by
the
quotient
of
the
current
fiscal
8
year’s
actual
property
tax
dollars
certified
for
levy
divided
9
by
the
total
assessed
value
used
to
calculate
taxes
for
the
10
budget
year.
11
(2)
In
addition
to
the
notices
published
and
posted
under
12
paragraph
“a”
,
the
township
shall
direct
the
county
treasurer
to
13
send
to
each
owner
or
taxpayer
within
the
township
by
regular
14
mail,
on
or
before
the
date
of
posting
under
paragraph
“a”
,
an
15
individual
notice
containing
all
of
the
following:
16
(a)
The
sum
of
the
current
fiscal
year’s
actual
property
17
taxes
certified
for
levy
by
the
township
and
the
township’s
18
current
fiscal
year’s
combined
property
tax
rate
for
such
19
amount.
20
(b)
The
effective
property
tax
rate
calculated
using
the
sum
21
of
the
current
fiscal
year’s
actual
property
taxes
certified
by
22
the
township.
23
(c)
The
sum
of
the
proposed
property
tax
dollars
to
be
24
certified
for
levy
by
the
township
for
the
budget
year
and
the
25
proposed
combined
property
tax
rate
for
such
amount.
26
(d)
If
the
proposed
property
tax
dollars
specified
under
27
subparagraph
division
(c)
exceed
the
current
fiscal
year’s
28
actual
property
tax
dollars
certified
for
levy
specified
in
29
subparagraph
division
(a),
a
statement
of
the
major
reasons
for
30
the
increase.
31
(e)
The
assessed
value
of
the
owner’s
or
taxpayer’s
property
32
used
to
calculate
property
taxes
for
the
current
fiscal
year.
33
(f)
The
assessed
value
of
the
owner’s
or
taxpayer’s
property
34
used
to
calculate
property
taxes
for
the
budget
year.
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(g)
The
amount
of
property
taxes
due
on
the
owner’s
or
1
taxpayer’s
property
for
the
current
fiscal
year
for
the
2
township.
3
(h)
The
proposed
amount
of
property
taxes
to
be
levied
4
against
the
owner’s
or
taxpayer’s
property
for
the
budget
year
5
for
the
township.
6
Sec.
26.
Section
384.15A,
subsection
4,
paragraph
b,
Code
7
2023,
is
amended
to
read
as
follows:
8
b.
Proof
of
publication
shall
be
filed
with
and
preserved
9
by
the
county
auditor.
The
department
of
management
shall
10
prescribe
the
form
for
the
public
hearing
notice
for
use
11
by
cities
,
the
form
for
individual
notices
provided
under
12
paragraph
“c”
,
and
the
form
for
the
resolution
to
be
adopted
by
13
the
council
under
subsection
5
.
14
Sec.
27.
Section
384.15A,
subsection
4,
Code
2023,
is
15
amended
by
adding
the
following
new
paragraph:
16
NEW
PARAGRAPH
.
c.
In
addition
to
the
notices
published
and
17
posted
under
paragraph
“a”
,
the
city
shall
direct
the
county
18
treasurer
to
send
to
each
owner
or
taxpayer
by
regular
mail,
19
on
or
before
the
date
of
publication
under
paragraph
“a”
,
an
20
individual
notice
containing
the
information
required
under
21
paragraph
“a”
,
subparagraphs
(1)
through
(4),
and
all
of
the
22
following:
23
(1)
The
assessed
value
of
the
owner’s
or
taxpayer’s
property
24
used
to
calculate
property
taxes
for
the
current
fiscal
year.
25
(2)
The
assessed
value
of
the
owner’s
or
taxpayer’s
property
26
used
to
calculate
property
taxes
for
the
budget
year.
27
(3)
The
amount
of
property
taxes
due
on
the
owner’s
or
28
taxpayer’s
property
for
the
current
fiscal
year
for
the
city
29
under
the
levies
specified
in
subsection
2.
30
(4)
The
proposed
amount
of
property
taxes
to
be
levied
31
against
the
owner’s
or
taxpayer’s
property
for
the
budget
year
32
for
the
city
under
the
levies
specified
in
subsection
2.
33
Sec.
28.
Section
384.15A,
subsection
5,
paragraph
a,
Code
34
2023,
is
amended
to
read
as
follows:
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a.
At
the
public
hearing,
the
council
shall
receive
oral
1
or
written
objections
from
any
resident
or
property
owner
2
of
the
city.
After
all
objections
have
been
received
and
3
considered,
the
council
may
decrease,
but
not
increase,
the
4
proposed
maximum
property
tax
dollar
amount
for
inclusion
in
5
the
resolution
and
shall
adopt
the
resolution
and
file
the
6
resolution
with
the
county
auditor
as
required
under
section
7
384.16,
subsection
3
.
In
addition
to
the
proposed
maximum
8
property
tax
dollar
amount,
the
resolution
shall
also
include
9
the
effective
property
tax
rate,
and
the
estimated
property
tax
10
rate
for
the
proposed
maximum
property
tax
dollar
amount.
11
Sec.
29.
IMPLEMENTATION.
Section
25B.2,
subsection
3,
12
shall
not
apply
to
this
division
of
this
Act.
13
Sec.
30.
APPLICABILITY.
This
division
of
this
Act
applies
14
to
county,
city,
township,
and
municipality
budgets
for
fiscal
15
years
beginning
on
or
after
July
1,
2024.
16
DIVISION
IV
17
BOND
ELECTIONS
18
Sec.
31.
Section
28E.16,
Code
2023,
is
amended
to
read
as
19
follows:
20
28E.16
Election
for
bonds.
21
When
bonds
which
require
a
vote
of
the
people
are
to
be
22
issued
for
financing
joint
facilities
of
a
county
and
one
or
23
more
cities
within
the
county,
pursuant
to
an
agreement
made
24
under
the
authority
of
this
chapter
,
or
pursuant
to
other
25
provisions
of
law,
the
board
of
supervisors
and
the
council
of
26
each
city
shall
arrange
for
a
single
election
on
the
question
27
of
issuing
the
bonds,
but
if
the
county
and
the
cities
are
28
proposing
to
make
separate
bond
issues,
the
ballot
shall
29
contain
separate
questions,
one
to
be
voted
upon
by
all
voters
30
of
the
county,
and
one
or
more
to
be
voted
upon
only
by
the
31
voters
of
the
city
which
is
to
make
a
separate
bond
issue.
All
32
elections
on
the
question
of
issuing
the
bonds
shall
be
held
on
33
the
date
specified
in
section
39.2,
subsection
4,
paragraph
“d”
.
34
Sec.
32.
Section
39.2,
subsection
4,
Code
2023,
is
amended
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to
read
as
follows:
1
4.
Unless
otherwise
provided
by
law,
special
elections
on
2
public
measures
are
limited
to
the
following
dates:
3
a.
For
Except
as
provided
in
paragraph
“d”
,
for
a
county,
in
4
an
odd-numbered
year,
the
first
Tuesday
in
March,
the
second
5
Tuesday
in
September,
or
the
first
Tuesday
after
the
first
6
Monday
in
November.
For
a
county,
in
an
even-numbered
year,
7
the
first
Tuesday
in
March,
the
second
Tuesday
in
September,
or
8
the
first
Tuesday
after
the
first
Monday
in
November.
9
b.
For
Except
as
provided
in
paragraph
“d”
,
for
a
city,
in
10
an
odd-numbered
year,
the
first
Tuesday
in
March,
the
second
11
Tuesday
in
September,
or
the
first
Tuesday
after
the
first
12
Monday
in
November.
For
a
city,
in
an
even-numbered
year,
the
13
first
Tuesday
in
March
or
the
second
Tuesday
in
September.
14
c.
For
Except
as
provided
in
paragraph
“d”
,
for
a
school
15
district
or
merged
area,
in
the
odd-numbered
year,
the
first
16
Tuesday
in
March,
the
second
Tuesday
in
September,
or
the
first
17
Tuesday
after
the
first
Monday
in
November.
For
a
school
18
district
or
merged
area,
in
the
even-numbered
year,
the
first
19
Tuesday
in
March,
or
the
second
Tuesday
in
September.
20
d.
For
any
political
subdivision
of
this
state,
if
the
21
special
election
is
in
whole
or
in
part
for
the
question
of
22
issuing
bonds
or
other
indebtedness,
the
first
Tuesday
after
23
the
first
Monday
in
November
of
each
even-numbered
year.
24
Sec.
33.
NEW
SECTION
.
39.5
Notice
of
bond
election.
25
In
addition
to
any
other
notice
related
to
the
election
26
required
by
law
to
be
published,
posted,
or
provided,
if
the
27
election
is
subject
to
section
39.2,
subsection
4,
paragraph
28
“d”
,
the
commissioner
shall
not
less
than
ten
nor
more
than
29
twenty
days
before
the
day
of
each
election
mail
to
each
30
registered
voter
of
the
applicable
jurisdiction
a
notice
of
the
31
election
that
includes
the
full
text
of
the
public
measure
to
32
be
voted
upon
at
the
election.
33
Sec.
34.
Section
75.1,
subsection
1,
paragraph
a,
Code
2023,
34
is
amended
to
read
as
follows:
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a.
When
a
proposition
to
authorize
an
issuance
of
bonds
1
by
a
county,
township,
school
corporation,
city,
or
by
any
2
local
board
or
commission,
is
submitted
to
the
electors,
such
3
proposition
shall
not
be
deemed
carried
or
adopted,
anything
4
in
the
statutes
to
the
contrary
notwithstanding,
unless
the
5
vote
in
favor
of
such
authorization
is
equal
to
at
least
sixty
6
percent
of
the
total
vote
cast
for
and
against
said
proposition
7
at
said
election.
All
elections
on
such
proposition
shall
8
be
held
on
the
date
specified
in
section
39.2,
subsection
4,
9
paragraph
“d”
.
10
Sec.
35.
Section
75.1,
subsection
2,
Code
2023,
is
amended
11
by
striking
the
subsection.
12
Sec.
36.
Section
279.39,
Code
2023,
is
amended
to
read
as
13
follows:
14
279.39
School
buildings.
15
The
board
of
any
school
corporation
shall
establish
16
attendance
centers
and
provide
suitable
buildings
for
each
17
school
in
the
district
and
may
at
the
regular
or
a
special
18
meeting
resolve
to
submit
to
the
registered
voters
of
the
19
district
at
an
election
held
on
a
date
specified
in
section
20
39.2,
subsection
4
,
paragraph
“c”
,
the
question
of
voting
a
tax
21
or
authorizing
the
board
to
issue
bonds,
or
both.
22
Sec.
37.
Section
296.3,
Code
2023,
is
amended
to
read
as
23
follows:
24
296.3
Election
called.
25
Within
ten
days
of
receipt
of
a
petition
filed
under
section
26
296.2
,
the
president
of
the
board
of
directors
shall
call
a
27
meeting
of
the
board.
The
meeting
shall
be
held
within
thirty
28
days
after
the
petition
was
received.
At
the
meeting,
the
29
board
shall
call
the
election,
fixing
the
time
of
the
election
,
30
which
may
be
at
the
time
and
place
of
holding
the
regular
31
school
election
as
required
by
section
39.2,
subsection
4,
32
paragraph
“d”
.
However,
if
the
board
determines
by
unanimous
33
vote
that
the
proposition
or
propositions
requested
by
a
34
petition
to
be
submitted
at
an
election
are
grossly
unrealistic
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or
contrary
to
the
needs
of
the
school
district,
no
election
1
shall
be
called.
If
more
than
one
petition
has
been
received
2
by
the
time
the
board
meets
to
consider
the
petition
triggering
3
the
meeting,
the
board
shall
act
upon
the
petitions
in
the
4
order
they
were
received
at
the
meeting
called
to
consider
the
5
initial
petition.
The
decision
of
the
board
may
be
appealed
to
6
the
state
board
of
education
as
provided
in
chapter
290
.
The
7
president
shall
notify
the
county
commissioner
of
elections
of
8
the
time
of
the
election.
9
Sec.
38.
Section
298.21,
unnumbered
paragraph
1,
Code
2023,
10
is
amended
to
read
as
follows:
11
The
board
of
directors
of
any
school
corporation
when
12
authorized
by
the
voters
at
an
election
held
on
a
date
13
specified
in
section
39.2,
subsection
4
,
paragraph
“c”
“d”
,
14
may
issue
the
negotiable,
interest-bearing
school
bonds
of
the
15
corporation
for
borrowing
money
for
any
or
all
of
the
following
16
purposes:
17
Sec.
39.
Section
331.442,
subsection
3,
Code
2023,
is
18
amended
to
read
as
follows:
19
3.
a.
All
elections
held
pursuant
to
this
section
shall
20
be
held
on
the
date
specified
in
section
39.2,
subsection
4,
21
paragraph
“d”
.
22
b.
Notice
of
the
election
shall
be
given
by
publication
as
23
specified
in
section
331.305
.
At
the
election
the
ballot
used
24
for
the
submission
of
the
proposition
shall
be
in
substantially
25
the
form
for
submitting
special
questions
at
general
elections.
26
Sec.
40.
Section
346.27,
subsection
10,
paragraph
a,
Code
27
2023,
is
amended
to
read
as
follows:
28
a.
After
the
incorporation
of
an
authority,
and
before
the
29
sale
of
any
issue
of
revenue
bonds,
except
refunding
bonds,
the
30
authority
shall
submit
to
the
voters
the
question
of
whether
31
the
authority
shall
issue
and
sell
revenue
bonds.
The
ballot
32
shall
state
the
amount
of
the
bonds
and
the
purposes
for
33
which
the
authority
is
incorporated.
All
registered
voters
34
of
the
county
shall
be
entitled
to
vote
on
the
question.
The
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question
may
shall
be
submitted
at
an
election
held
on
a
the
1
date
specified
in
section
39.2,
subsection
4
,
paragraph
“a”
or
2
“b”
,
as
applicable
“d”
.
An
affirmative
vote
of
a
majority
of
3
the
votes
cast
on
the
question
is
required
to
authorize
the
4
issuance
and
sale
of
revenue
bonds.
5
Sec.
41.
Section
357C.10,
Code
2023,
is
amended
to
read
as
6
follows:
7
357C.10
Bonds
in
anticipation
of
revenue.
8
Benefited
street
lighting
districts
may
anticipate
the
9
collection
of
taxes
by
the
levy
herein
provided,
and
to
carry
10
out
the
purposes
of
this
chapter
may
issue
bonds
payable
11
in
not
more
than
ten
equal
installments,
with
the
rate
of
12
interest
thereon
not
exceeding
that
permitted
by
chapter
74A
.
13
No
indebtedness
shall
be
incurred
under
this
chapter
until
14
authorized
by
an
election.
Such
election
shall
be
held
and
15
notice
given
in
the
same
manner
as
the
election
provided
herein
16
for
the
authorization
of
a
tax
levy,
and
the
same
sixty
percent
17
vote
shall
be
necessary
to
authorize
indebtedness.
Both
18
Subject
to
section
39.2,
subsection
4,
both
propositions
may
be
19
submitted
to
the
voters
in
the
same
election.
20
Sec.
42.
Section
357D.11,
Code
2023,
is
amended
to
read
as
21
follows:
22
357D.11
Bonds
in
anticipation
of
revenue.
23
A
district
may
anticipate
the
collection
of
taxes
by
the
24
levy
authorized
in
this
chapter
,
and
to
carry
out
the
purposes
25
of
this
chapter
may
issue
bonds
payable
in
not
more
than
ten
26
equal
installments
with
the
rate
of
interest
not
exceeding
27
that
permitted
by
chapter
74A
.
An
indebtedness
shall
not
be
28
incurred
under
this
chapter
until
authorized
by
an
election.
29
The
election
shall
be
held
and
notice
given
in
the
same
manner
30
as
provided
in
section
357D.8
,
and
the
same
sixty
percent
vote
31
shall
be
necessary
to
authorize
indebtedness.
Both
Subject
to
32
section
39.2,
subsection
4,
both
propositions
may
be
submitted
33
to
the
voters
at
the
same
election.
34
Sec.
43.
Section
357E.11,
Code
2023,
is
amended
to
read
as
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follows:
1
357E.11
Bonds
in
anticipation
of
revenue.
2
A
district,
other
than
a
combined
district,
may
anticipate
3
the
collection
of
taxes
by
the
levy
authorized
in
this
chapter
,
4
and
to
carry
out
the
purposes
of
this
chapter
may
issue
bonds
5
payable
in
not
more
than
twenty
equal
installments
with
the
6
rate
of
interest
not
exceeding
that
permitted
by
chapter
74A
.
7
An
indebtedness
shall
not
be
incurred
under
this
section
8
until
authorized
by
an
election.
The
election
shall
be
held
9
and
notice
given
in
the
same
manner
as
provided
in
section
10
357E.8
,
and
the
same
majority
vote
is
necessary
to
authorize
11
indebtedness.
Both
Subject
to
section
39.2,
subsection
4,
12
both
propositions
may
be
submitted
to
the
voters
at
the
same
13
election.
14
Sec.
44.
Section
357E.11A,
subsection
3,
Code
2023,
is
15
amended
to
read
as
follows:
16
3.
Except
for
the
issuance
of
refunding
bonds,
an
17
indebtedness
shall
not
be
incurred
under
this
section
until
18
authorized
by
an
election.
The
election
shall
be
held
and
19
notice
given
in
the
same
manner
as
provided
in
section
357E.8
,
20
except
that
a
proposition
to
authorize
indebtedness
is
21
approved
if
sixty
percent
of
those
voting
on
the
proposition
22
vote
in
favor
of
the
proposition.
A
Subject
to
section
23
39.2,
subsection
4,
a
proposition
for
the
authorization
24
of
indebtedness
may
be
submitted
to
the
voters
at
the
same
25
election
as
the
election
under
section
357E.8
.
26
Sec.
45.
Section
357F.11,
Code
2023,
is
amended
to
read
as
27
follows:
28
357F.11
Bonds
in
anticipation
of
revenue.
29
A
district
may
anticipate
the
collection
of
taxes
authorized
30
in
this
chapter
,
and
to
carry
out
the
purposes
of
this
chapter
31
may
issue
bonds
payable
in
not
more
than
ten
equal
installments
32
with
the
rate
of
interest
not
exceeding
that
permitted
by
33
chapter
74A
.
An
indebtedness
shall
not
be
incurred
under
this
34
chapter
until
authorized
by
an
election.
The
election
shall
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be
held
and
notice
given
in
the
same
manner
as
provided
in
1
section
357F.8
,
and
a
sixty
percent
vote
shall
be
necessary
2
to
authorize
indebtedness.
Both
Subject
to
section
39.2,
3
subsection
4,
both
propositions
may
be
submitted
to
the
voters
4
at
the
same
election.
5
Sec.
46.
Section
357G.11,
Code
2023,
is
amended
to
read
as
6
follows:
7
357G.11
Bonds
in
anticipation
of
revenue.
8
A
district
may
anticipate
the
collection
of
taxes
authorized
9
in
this
chapter
,
and
to
carry
out
the
purposes
of
this
chapter
10
may
issue
bonds
payable
in
not
more
than
ten
equal
installments
11
with
the
rate
of
interest
not
exceeding
that
permitted
by
12
chapter
74A
.
An
indebtedness
shall
not
be
incurred
under
this
13
chapter
until
authorized
by
an
election.
The
election
shall
14
be
held
and
notice
given
in
the
same
manner
as
provided
in
15
section
357G.8
,
and
a
sixty
percent
vote
shall
be
necessary
16
to
authorize
indebtedness.
Both
Subject
to
section
39.2,
17
subsection
4,
both
propositions
may
be
submitted
to
the
voters
18
at
the
same
election.
19
Sec.
47.
Section
357I.12,
Code
2023,
is
amended
to
read
as
20
follows:
21
357I.12
Bonds
in
anticipation
of
revenue.
22
A
district
may
anticipate
the
collection
of
taxes
by
the
23
levy
authorized
in
this
chapter
,
and
to
carry
out
the
purposes
24
of
this
chapter
may
issue
bonds
payable
in
not
more
than
ten
25
equal
installments
with
the
rate
of
interest
not
exceeding
26
that
permitted
by
chapter
74A
.
An
indebtedness
shall
not
be
27
incurred
under
this
chapter
until
authorized
by
an
election.
28
The
election
shall
be
held
and
notice
given
in
the
same
manner
29
as
provided
in
section
357I.8
,
and
the
same
sixty
percent
vote
30
shall
be
necessary
to
authorize
indebtedness.
Both
Subject
to
31
section
39.2,
subsection
4,
both
propositions
may
be
submitted
32
to
the
voters
at
the
same
election.
33
Sec.
48.
Section
384.26,
subsections
2
and
3,
Code
2023,
are
34
amended
to
read
as
follows:
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2.
Before
the
council
may
institute
proceedings
for
the
1
issuance
of
bonds
for
a
general
corporate
purpose,
it
shall
2
call
a
special
city
election
to
vote
upon
the
question
of
3
issuing
the
bonds.
At
the
election
the
proposition
must
be
4
submitted
in
the
following
form:
5
Shall
the
............
(insert
the
name
of
the
city)
issue
6
its
bonds
in
an
amount
not
exceeding
the
amount
of
$
....
for
7
the
purpose
of
..........
?
8
3.
a.
All
elections
held
pursuant
to
this
section
shall
9
be
held
on
the
date
specified
in
section
39.2,
subsection
4,
10
paragraph
“d”
.
11
b.
Notice
of
the
election
must
be
given
by
publication
12
as
required
by
section
49.53
in
a
newspaper
of
general
13
circulation
in
the
city.
At
the
election
the
ballot
used
for
14
the
submission
of
the
proposition
must
be
in
substantially
the
15
form
for
submitting
special
questions
at
general
elections.
16
Sec.
49.
Section
394.2,
subsection
1,
Code
2023,
is
amended
17
to
read
as
follows:
18
1.
It
shall
not
be
necessary
to
submit
to
the
voters
the
19
proposition
of
issuing
bonds
for
refunding
purposes,
but
prior
20
to
the
issuance
of
bonds
for
other
purposes
the
council
shall
21
submit
to
the
voters
of
the
city
at
a
general
election
or
a
22
regular
city
election
on
the
date
specified
in
section
39.2,
23
subsection
4,
paragraph
“d”
,
the
proposition
of
issuing
the
24
bonds.
Notice
of
the
election
on
the
proposition
of
issuing
25
bonds
shall
be
published
as
required
by
section
49.53
.
The
26
notice
shall
also
state
whether
or
not
an
admission
fee
is
to
27
be
charged
by
the
zoo
or
zoological
gardens.
28
Sec.
50.
Section
423F.4,
subsection
2,
paragraph
b,
Code
29
2023,
is
amended
to
read
as
follows:
30
b.
For
bonds
subject
to
the
requirements
of
paragraph
31
“a”
,
if
at
any
time
prior
to
the
fifteenth
day
following
the
32
hearing,
the
secretary
of
the
board
of
directors
receives
a
33
petition
containing
the
required
number
of
signatures
and
34
asking
that
the
question
of
the
issuance
of
such
bonds
be
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submitted
to
the
voters
of
the
school
district,
the
board
shall
1
either
rescind
its
adoption
of
the
resolution
or
direct
the
2
county
commissioner
of
elections
to
submit
the
question
to
the
3
registered
voters
of
the
school
district
at
an
election
held
on
4
a
the
date
specified
in
section
39.2,
subsection
4
,
paragraph
5
“c”
“d”
.
The
petition
must
be
signed
by
eligible
electors
equal
6
in
number
to
not
less
than
one
hundred
or
thirty
percent
of
7
the
number
of
voters
at
the
last
preceding
election
of
school
8
officials
under
section
277.1
,
whichever
is
greater.
If
the
9
board
submits
the
question
at
an
election
and
a
majority
of
10
those
voting
on
the
question
favors
issuance
of
the
bonds,
the
11
board
shall
be
authorized
to
issue
the
bonds.
12
Sec.
51.
IMPLEMENTATION
OF
ACT.
Section
25B.2,
subsection
13
3,
shall
not
apply
to
this
division
of
this
Act.
14
Sec.
52.
APPLICABILITY.
This
division
of
this
Act
applies
15
July
1,
2023,
for
elections
on
propositions
relating
to
the
16
issuing
of
bonds
or
other
indebtedness
occurring
on
or
after
17
that
date.
18
EXPLANATION
19
The
inclusion
of
this
explanation
does
not
constitute
agreement
with
20
the
explanation’s
substance
by
the
members
of
the
general
assembly.
21
This
bill
relates
to
local
government
funding
by
modifying
22
school
district
funding
provisions,
property
tax
calculation
23
provisions,
and
local
government
budgeting
and
bonding
24
procedures.
25
DIVISION
I
——
SCHOOL
FOUNDATION
PROPERTY
TAX.
As
part
26
of
Iowa’s
system
for
funding
school
districts,
Code
section
27
257.3
requires
each
school
district
to
levy
each
year,
for
28
the
school
general
fund,
a
foundation
property
tax
equal
to
29
$5.40
per
$1,000
of
assessed
valuation
on
all
taxable
property
30
in
the
district.
An
exception
to
the
$5.40
levy
rate
is
for
31
recently
reorganized
and
dissolved
school
districts.
For
such
32
districts,
the
first
succeeding
year
requires
a
rate
of
$4.40,
33
the
second
succeeding
year
requires
a
rate
of
$4.90,
and
for
34
the
third
succeeding
year
and
thereafter
a
rate
of
$5.40.
The
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bill
reduces
all
of
the
applicable
foundation
property
tax
1
rates
by
$1.00.
2
The
bill
provides
for
an
adjustment
of
property
tax
credit
3
calculations
under
Code
chapters
425A
(family
farm
tax
credit)
4
and
426
(agricultural
land
tax
credit)
for
property
taxes
due
5
and
payable
in
the
fiscal
year
beginning
July
1,
2023,
to
6
account
for
the
change
to
the
property
tax
levy
rate
under
Code
7
section
257.3
in
the
bill.
8
Division
I
takes
effect
upon
enactment
and
the
sections
of
9
division
I
that
amend
Code
section
257.3
apply
July
1,
2023,
10
for
school
budget
years
beginning
on
or
after
that
date.
11
DIVISION
II
——
PROPERTY
TAX
LIMITATION.
The
bill
provides
12
that
for
property
taxes
due
and
payable
in
fiscal
years
13
beginning
on
or
after
July
1,
2024,
if
the
amount
of
property
14
taxes
otherwise
calculated
to
be
due
and
payable
on
a
qualified
15
parcel
of
residential
property
or
agricultural
property
exceeds
16
103
percent
of
the
actual
amount
of
property
taxes
due
and
17
payable
on
the
parcel
in
the
immediately
preceding
fiscal
year,
18
such
amount
due
shall
be
reduced.
Similarly,
if
the
amount
19
of
property
taxes
otherwise
calculated
to
be
due
and
payable
20
for
such
fiscal
years
on
a
qualified
parcel
of
commercial
21
property
or
industrial
property
exceeds
108
percent
of
the
22
actual
amount
of
property
taxes
due
and
payable
on
the
parcel
23
in
the
immediately
preceding
fiscal
year,
such
amount
shall
24
be
reduced.
If,
however,
improvements
or
renovations,
not
25
amounting
to
new
construction,
occur
on
the
property
during
26
the
base
year,
as
defined
in
the
bill,
the
threshold
amount
of
27
property
taxes
shall
be
the
applicable
threshold
percentage
28
applicable
to
the
property
plus
the
percentage
of
the
parcel’s
29
taxable
value
attributable
to
the
improvements
or
renovations.
30
Improvements
or
renovations
do
not
include
normal
and
necessary
31
repairs
to
an
existing
building
or
improvement,
not
amounting
32
to
structural
replacements
or
modifications.
33
Under
the
bill,
“property
taxes”
means
annual
ad
valorem
34
taxes
imposed
on
the
parcel
which
are
collectable
by
the
county
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treasurer
following
application
of
all
applicable
exemptions
1
and
credits,
and
shall
not
include
special
assessments,
amounts
2
levied
under
Code
chapter
468,
or
taxes
under
Code
chapter
3
435.
“Property
taxes”
also
does
not
include
taxes
levied
4
as
the
result
of
a
property
tax
levy
approved
at
election
5
or
that
portion
of
any
property
tax
levy
imposed
that
is
6
for
the
payment
of
principal
and
interest
on
bonds
or
other
7
indebtedness
the
issuance
of
which
was
approved
at
election,
8
including
refunding
bonds
issued
for
the
repayment
of
bonds
9
that
were
approved
at
election.
10
The
limitations
established
in
the
bill
apply
to
qualified
11
parcels.
“Qualified
parcel”
means
a
parcel
that
is
not
located
12
in
an
urban
renewal
area
under
Code
chapter
403
or
an
urban
13
revitalization
area
under
Code
chapter
404,
is
not
wind
energy
14
conversion
property,
and
for
which
none
of
the
following
apply:
15
(1)
the
parcel
changed
ownership
during
the
base
year;
(2)
16
new
construction
occurred
on
the
parcel
during
the
base
year;
17
(3)
the
parcel’s
assessment
for
the
base
year
was
a
partial
18
assessment
as
the
result
of
incomplete
new
construction
or
19
improvements;
(4)
the
parcel
was
omitted
from
assessment
or
20
fraudulently
withheld
from
assessment
in
the
base
year;
(5)
21
the
parcel’s
property
taxes
were
suspended
or
abated
under
22
Code
sections
427.8,
427.9,
and
427.10;
or
(6)
the
parcel’s
23
classification
is
different
from
the
base
year.
24
If
the
total
amount
of
property
taxes
due
and
payable
on
the
25
parcel
exceeds
the
applicable
threshold
for
the
parcel
under
26
the
bill,
the
amount
of
property
taxes
due
and
payable
to
each
27
taxing
authority
that
certified
for
levy
property
taxes
on
the
28
parcel
in
excess
of
the
applicable
threshold
percentage
of
29
such
amount
levied
by
that
taxing
authority
on
the
parcel
in
30
the
immediately
preceding
fiscal
year
shall
be
reduced
by
the
31
amount
by
which
the
parcel’s
total
amount
of
property
taxes
due
32
and
payable
for
all
taxing
authorities
exceeds
the
applicable
33
threshold
for
the
parcel.
The
amount
of
the
reduction
is
34
proportionately
applied
among
the
various
levies
for
property
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taxes,
or
portions
thereof,
of
those
taxing
authorities
that
1
certified
for
levy
property
taxes
on
the
parcel
in
excess
of
2
the
applicable
threshold
percentage
of
such
amount
levied
3
by
that
taxing
authority
on
the
parcel
in
the
immediately
4
preceding
fiscal
year.
The
reductions
are
to
be
made
by
the
5
county
auditor
prior
to
delivery
of
the
tax
list
prescribed
in
6
Code
chapter
443
to
ensure
accurate
statement
of
taxes
under
7
Code
section
445.5.
8
The
bill
makes
corresponding
changes
to
various
other
9
provisions
of
the
Code
relating
to
the
calculation
and
10
collection
of
property
tax
amounts.
11
DIVISION
III
——
LOCAL
GOVERNMENT
BUDGETS.
The
bill
12
modifies
provisions
relating
to
the
process
of
approving
local
13
government
budgets.
14
The
bill
amends
certain
municipality
budgeting
procedures
15
under
Code
chapter
24.
A
municipality,
as
defined
in
Code
16
section
24.2,
includes
public
bodies
or
corporations
that
17
have
power
to
levy
or
certify
a
tax
or
sum
of
money
to
be
18
collected
by
taxation,
except
a
county,
city,
drainage
19
district,
township,
or
road
district.
The
bill
requires
20
each
municipality
with
property
tax
revenues
of
$5,000
or
21
more
in
the
immediately
preceding
fiscal
year
to
direct
the
22
county
treasurer
to
send
to
each
owner
or
taxpayer
within
the
23
municipality
by
regular
mail
an
individual
notice
containing
24
specified
information
relating
to
property
taxes
certified
for
25
the
current
fiscal
year
and
the
applicable
levy
rates,
proposed
26
property
tax
amounts
for
the
budget
year
and
the
applicable
27
levy
rates,
the
effective
property
tax
levy
rates,
as
defined
28
in
the
bill,
reasons
for
any
proposed
increases,
and
property
29
assessment
and
property
tax
information
related
to
the
owner’s
30
or
taxpayer’s
property.
The
bill
also
provides
that
such
31
municipalities
must
also
include
such
information,
excluding
32
specific
owner
or
taxpayer
information,
in
the
notice
of
the
33
public
hearing
on
the
municipalities’
budget
estimates.
34
The
bill
establishes
similar
requirements
for
counties
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under
Code
chapter
331,
townships
under
Code
chapter
359,
and
1
cities
under
Code
chapter
384.
The
bill
also
provides
that
if
2
all
applicable
information
is
available
in
a
timely
manner,
3
the
county
treasurer
may
consolidate
all
required
individual
4
notices
required
for
the
various
local
governments
under
5
the
bill
so
that
all
applicable
notices
appear
on
a
single
6
individual
notice
for
each
owner
or
taxpayer.
7
The
division
of
the
bill
may
include
a
state
mandate
as
8
defined
in
Code
section
25B.3.
The
bill
makes
inapplicable
9
Code
section
25B.2,
subsection
3,
which
would
relieve
a
10
political
subdivision
from
complying
with
a
state
mandate
if
11
funding
for
the
cost
of
the
state
mandate
is
not
provided
or
12
specified.
Therefore,
political
subdivisions
are
required
to
13
comply
with
any
state
mandate
included
in
the
division
of
the
14
bill.
15
The
division
of
the
bill
applies
to
county,
city,
township,
16
and
municipality
budgets
for
fiscal
years
beginning
on
or
after
17
July
1,
2024.
18
DIVISION
IV
——
BOND
ELECTIONS.
The
bill
modifies
the
date
19
upon
which
elections
must
be
held
for
the
approval
of
the
20
issuance
of
bonds
by
political
subdivisions
of
the
state.
21
Generally,
such
special
elections
can
be
held
on
various
dates
22
for
cities,
counties,
school
districts,
and
merged
areas,
as
23
specified
in
Code
section
39.2,
subsection
4,
or
specified
24
in
other
provisions
of
law.
The
bill
provides
that
for
any
25
political
subdivision
of
this
state,
if
the
special
election
26
is
in
whole
or
in
part
for
the
question
of
issuing
bonds
or
27
other
indebtedness,
the
first
Tuesday
after
the
first
Monday
28
in
November
of
each
even-numbered
year,
which
is
the
date
of
29
the
general
election.
The
bill
makes
corresponding
changes
30
to
various
other
Code
chapters
governing
the
approval
of
the
31
issuance
of
bonds
at
election.
32
The
bill
also
provides
that
in
addition
to
any
other
notice
33
related
to
the
election
required
by
law
to
be
published,
34
posted,
or
provided,
if
the
election
is
subject
to
the
new
date
35
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requirement,
the
commissioner
of
elections
(county
auditor)
1
shall
not
less
than
10
nor
more
than
20
days
before
the
day
of
2
each
election
mail
to
each
registered
voter
of
the
applicable
3
jurisdiction
a
notice
of
the
election
that
includes
the
full
4
text
of
the
public
measure
to
be
voted
upon
at
the
election.
5
The
division
of
the
bill
may
include
a
state
mandate
as
6
defined
in
Code
section
25B.3.
The
bill
makes
inapplicable
7
Code
section
25B.2,
subsection
3,
which
would
relieve
a
8
political
subdivision
from
complying
with
a
state
mandate
if
9
funding
for
the
cost
of
the
state
mandate
is
not
provided
or
10
specified.
Therefore,
political
subdivisions
are
required
to
11
comply
with
any
state
mandate
included
in
the
division
of
the
12
bill.
13
The
division
of
the
bill
applies
July
1,
2023,
for
elections
14
on
propositions
relating
to
the
issuing
of
bonds
or
other
15
indebtedness
occurring
on
or
after
that
date.
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