A bill for an act relating to Iowa’s urban renewal law by modifying the division of revenue, and including applicability provisions.
Withdrawn. H.J. 973.
Summary
The proposal changes Iowa’s urban renewal law so that any property tax revenue that exceeds a set amount is placed into a special municipal fund to pay loans, bonds, and other debt for urban renewal projects and low‑ and moderate‑income housing. It specifically leaves out taxes for certain school levies, emergency medical services, and joint county‑city building projects. The new rules would apply to taxes due beginning July 1 2027.
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