Bill Text: IA HSB252 | 2019-2020 | 88th General Assembly | Introduced
Bill Title: A bill for an act relating to rural economic development by establishing a rural economic revitalization center and requiring that a certain percentage of the tax incentives administered by the economic development authority be provided to projects located in small cities, and including applicability provisions.
Spectrum: Committee Bill
Status: (N/A - Dead) 2019-04-23 - Committee report, recommending amendment and passage. H.J. 983. [HSB252 Detail]
Download: Iowa-2019-HSB252-Introduced.html
House
Study
Bill
252
-
Introduced
HOUSE
FILE
_____
BY
(PROPOSED
COMMITTEE
ON
APPROPRIATIONS
BILL
BY
CHAIRPERSON
GRASSLEY)
A
BILL
FOR
An
Act
relating
to
rural
economic
development
by
establishing
1
a
rural
economic
revitalization
center
and
requiring
that
2
a
certain
percentage
of
the
tax
incentives
administered
by
3
the
economic
development
authority
be
provided
to
projects
4
located
in
small
cities,
and
including
applicability
5
provisions.
6
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
7
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Section
1.
Section
15.105,
Code
2019,
is
amended
by
adding
1
the
following
new
subsection:
2
NEW
SUBSECTION
.
8A.
The
members
of
the
authority
shall
3
administer
the
rural
economic
revitalization
center
established
4
in
section
15.106F.
5
Sec.
2.
NEW
SECTION
.
15.106F
Rural
economic
revitalization
6
center.
7
1.
A
rural
economic
revitalization
center
is
established
8
within
the
authority.
A
rural
economic
revitalization
9
center
office
shall
be
established
and
maintained
in
each
10
congressional
district
on
the
campus
of
either
a
community
11
college
or
regents
institution
within
each
district.
12
2.
The
rural
economic
revitalization
center
shall
support
13
rural
communities
by
doing
all
of
the
following:
14
a.
Identify
and
study
successful
strategies
to
attract
and
15
grow
economic
development
and
the
workforce.
16
b.
Identify
and
assist
in
applications
for
economic
17
development
programs.
18
c.
Identify
and
provide
pathways
for
rural
community
19
improvement.
20
d.
Assist
in
and
serve
as
a
conduit
for
rural
policy
21
development.
22
3.
The
board
shall
serve
as
the
governing
body
of
the
rural
23
economic
revitalization
center,
and
shall
provide
an
annual
24
report
to
the
general
assembly
and
the
governor
relating
to
25
rural
revitalization
issues
and
efforts
by
January
15,
2021,
26
and
by
every
January
15,
thereafter.
27
Sec.
3.
Section
15.119,
Code
2019,
is
amended
by
adding
the
28
following
new
subsection:
29
NEW
SUBSECTION
.
3A.
a.
Of
the
total
amount
of
tax
credits
30
allocated
for
purposes
of
subsection
2,
paragraph
“a”
,
during
31
each
fiscal
year,
at
least
fifty
percent
shall
be
allocated
for
32
purposes
of
small
city
projects
that
meet
all
of
the
following
33
criteria:
34
(1)
An
accredited
public
or
private
postsecondary
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_____
educational
institution
is
located
in
the
county
in
which
the
1
small
city
is
located.
2
(2)
Sufficient
housing
is
located
within
thirty
miles
of
3
the
project
to
accommodate
such
a
project.
As
used
in
this
4
subparagraph,
“sufficient
housing”
means
a
determination
using
5
information
from
the
latest
American
community
survey
conducted
6
by
the
United
States
census
bureau
relating
to
statistics
on
7
rental
housing,
owner-occupied
housing,
vacancy
rates,
and
8
vacancy
units.
9
b.
In
the
event
this
small
city
allocation
percentage
is
not
10
satisfied
in
a
given
fiscal
year,
a
shortfall
is
declared
to
11
exist,
and
the
percentage
of
the
total
amount
of
tax
credits
12
allocated
for
purposes
of
subsection
2,
paragraph
“a”
,
during
13
the
succeeding
fiscal
year
that
shall
be
allocated
for
purposes
14
of
projects
located
in
a
small
city
shall
be
adjusted
to
equal
15
an
amount
necessary
to
reach
the
fifty
percent
small
city
16
allocation
percentage
for
that
fiscal
year,
plus
an
amount
17
equal
to
the
shortfall
for
the
prior
fiscal
year
or
years.
18
c.
For
purposes
of
this
subsection,
“small
city”
means
any
19
city
located
in
this
state
with
a
population
of
thirty
thousand
20
or
less
in
a
county
with
a
population
of
fifty
thousand
or
21
less.
A
small
city
that
is
located
in
more
than
one
county
22
shall
be
considered
to
be
located
in
the
county
having
the
23
greatest
taxable
base
within
the
city.
24
Sec.
4.
APPLICABILITY.
The
following
applies
to
fiscal
25
years
beginning
on
or
after
the
effective
date
of
this
Act:
26
The
section
of
this
Act
amending
section
15.119.
27
EXPLANATION
28
The
inclusion
of
this
explanation
does
not
constitute
agreement
with
29
the
explanation’s
substance
by
the
members
of
the
general
assembly.
30
This
bill
relates
to
rural
economic
development
by
31
establishing
a
rural
economic
revitalization
center
and
32
requiring
a
certain
percentage
of
the
tax
incentives
33
administered
by
the
economic
development
authority
(authority)
34
to
be
provided
to
projects
located
in
small
cities.
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_____
The
bill
establishes
a
rural
economic
revitalization
center
1
within
the
authority.
A
rural
economic
revitalization
center
2
office
shall
be
established
in
each
congressional
district
on
3
the
campus
of
either
a
community
college
or
regents
institution
4
within
each
district.
The
bill
specifies
that
the
rural
5
economic
revitalization
center
shall
support
rural
communities
6
by
identifying
and
studying
successful
strategies
to
attract
7
and
grow
economic
development
and
the
workforce;
assisting
8
in
and
serving
as
a
conduit
for
rural
policy
development;
9
identifying
and
assisting
in
applications
for
economic
10
development
programs;
and
identifying
and
providing
pathways
11
for
rural
community
improvement.
12
The
members
of
the
authority
appointed
by
the
governor
13
pursuant
to
Code
section
15.105
shall
serve
as
the
governing
14
body
of
the
rural
economic
revitalization
center.
The
15
bill
requires
the
governing
body
of
the
rural
economic
16
revitalization
center
to
provide
an
annual
report
to
17
the
general
assembly
and
the
governor
relating
to
rural
18
revitalization
issues
and
efforts
by
January
15,
2021,
and
by
19
every
January
15,
thereafter.
20
Under
the
tax
credit
program
administered
by
the
authority,
21
the
authority
provides
various
tax
incentives
to
eligible
22
businesses
that
complete
projects
in
Iowa.
The
bill
requires
23
that
at
least
50
percent
of
the
tax
incentives
awarded
by
the
24
authority
each
fiscal
year
shall
be
allocated
for
projects
25
located
in
a
small
city
based
upon
certain
criteria.
The
26
criteria
for
purposes
of
allocation
of
projects
in
a
small
27
city
require
the
following:
an
accredited
public
or
private
28
postsecondary
educational
institution
located
in
the
county
in
29
which
the
small
city
is
located
and
sufficient
housing
located
30
within
30
miles
of
the
project.
The
bill
defines
“sufficient
31
housing”
to
mean
a
determination
using
information
from
the
32
latest
American
community
survey
conducted
by
the
United
States
33
census
bureau
relating
to
statistics
on
rental
housing,
owner
34
occupied
housing,
vacancy
rates,
and
vacancy
units.
35
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_____
The
bill
defines
“small
city”
to
mean
any
city
located
in
1
this
state
with
a
population
of
30,000
or
less
in
a
county
with
2
a
population
of
50,000
or
less.
If
a
small
city
is
located
in
3
more
than
one
county,
it
is
considered
to
be
located
in
the
4
county
having
the
greatest
taxable
base
within
the
city.
5
In
the
event
this
small
city
percentage
is
not
satisfied
in
6
a
given
fiscal
year,
a
shortfall
is
declared
to
exist,
and
the
7
percentage
of
tax
incentives
awarded
to
projects
in
a
small
8
city
in
the
succeeding
fiscal
year
shall
be
adjusted
to
equal
9
an
amount
necessary
to
reach
the
50
percent
requirement
for
10
that
fiscal
year,
plus
an
amount
equal
to
the
shortfall
for
the
11
prior
fiscal
year
or
years.
12
The
amendment
relating
to
the
tax
credits
administered
by
13
the
authority
applies
to
fiscal
years
beginning
on
or
after
the
14
effective
date
of
the
bill.
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