Complete Bill History
House File 2058
A BILL FOR
1 An Act establishing a property tax exemption for certain care
3 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
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1 1 Section 1. Section 427.1, Code Supplement 2011, is amended
1 2 by adding the following new subsection:
1 3 NEW SUBSECTION. 38. Care facilities.
1 4 a. Property owned solely by a nonprofit organization and
1 5 operated on a nonprofit basis as a residential care facility or
1 6 nursing facility under chapter 135C, an elder group home under
1 7 chapter 231B, an assisted living program under chapter 231C, an
1 8 adult day services program under chapter 231D, or a retirement
1 9 facility under chapter 523D. The exemption shall apply to
1 10 all buildings, structures, and land which are used for such
1 11 purposes. The exemption shall apply to the assessment year
1 12 beginning after the application for the exemption is filed.
1 13 b. Applications for exemption shall be filed with the
1 14 assessing authority not later than February 1 of the first
1 15 year for which the exemption is requested, on forms provided
1 16 by the department of revenue. The application shall describe
1 17 and locate the specific property for which the exemption is
1 18 requested.
1 19 c. Once the exemption is granted, the exemption shall
1 20 continue to be granted for subsequent assessment years
1 21 without further filing of applications as long as the property
1 22 continues to meet the requirements of this subsection. The
1 23 taxpayer shall notify the assessing authority when the property
1 24 ceases to meet the requirements of this subsection.
1 25 Sec. 2. IMPLEMENTATION. Section 25B.7 shall not apply to
1 26 the provisions of this Act.
1 27 EXPLANATION
1 28 This bill establishes a property tax exemption for property
1 29 owned solely by a nonprofit organization and operated on a
1 30 nonprofit basis as a residential care facility or nursing
1 31 facility under Code chapter 135C, an elder group home under
1 32 Code chapter 231B, an assisted living program under Code
1 33 chapter 231C, an adult day services program under Code chapter
1 34 231D, or a retirement facility under Code chapter 523D. The
1 35 exemption applies to all buildings, structures, and land which
2 1 are used for such purposes. Once the exemption is granted, the
2 2 exemption continues to be granted for subsequent assessment
2 3 years without further filing of applications as long as the
2 4 property continues to meet the requirements of the exemption.
2 5 The taxpayer is required to notify the assessing authority when
2 6 the property ceases to meet the requirements for the exemption.
2 7 The bill provides that the provisions in Code section 25B.7,
2 8 relating to the obligation of the state to reimburse local
2 9 jurisdictions for property tax credits and exemptions, does not
2 10 apply to the exemption in the bill.
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Complete Bill History