A bill for an act relating to interests in minerals owned by counties and cities, and including effective date provisions.

Summary

The act obligates every Iowa county and city to divest any mineral interests they own, giving them to the landowner at no cost within five years. It also creates separate tax assessment for mineral rights, sets a minimum tax rate, and defines how abandoned coal mineral interests are handled. The changes affect local governments, private landowners, and the state tax system.

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