Bill
Bill > SF348
IA SF348
A bill for an act exempting certain structures from inclusion in property assessments, and including effective date and retroactive applicability provisions.
summary
Introduced
02/18/2025
02/18/2025
In Committee
02/18/2025
02/18/2025
Crossed Over
Passed
Dead
Introduced Session
91st General Assembly
Bill Summary
This bill prohibits a structure from being assessed and taxed as real property if it is not anchored to a permanent foundation except by the structure’s own weight. The bill is effective upon enactment and applies retroactively to assessment years beginning on or after January 1, 2025.
AI Summary
This bill amends Iowa's property tax assessment laws to exclude certain movable structures from being taxed as real property. Specifically, the bill provides that any structure not anchored to a permanent foundation (and only resting on the ground by its own weight) will be exempt from property tax assessment. This means that structures like mobile homes, portable buildings, or other temporary or movable structures that are not permanently fixed to the ground would not be subject to property tax. The bill takes effect immediately upon enactment and applies retroactively to assessment years starting on or after January 1, 2025, which means property owners could potentially receive tax relief for these types of structures dating back to that point. The legislation modifies Section 427A.1 of the Iowa Code by adding a new subsection that creates this specific exemption for unanchored structures.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Subcommittee recommends amendment and passage. (on 03/25/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.legis.iowa.gov/legislation/BillBook?ga=91&ba=SF348 |
| BillText | https://www.legis.iowa.gov/docs/publications/LGI/91/attachments/SF348.html |
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