Text: HF2057            Text: HF2059
Complete Bill History


House File 2058

HOUSE FILE BY DRAKE A BILL FOR 1 An Act establishing a property tax exemption for certain care 2 facilities. 3 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: TLSB 5623YH (2) 84 md/sc PAG LIN 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. LSB 5623YH (2) 84 md/sc
Text: HF2057            Text: HF2059 Complete Bill History