A bill for an act relating to Iowa’s urban renewal law by modifying the division of revenue, and including applicability provisions.

Summary

The measure changes Iowa’s urban renewal financing by sending any property tax revenue that exceeds a set amount into a special municipal fund for loans, bonds, and other debt used for urban renewal and affordable‑housing projects. It specifically takes emergency medical service taxes out of that revenue‑sharing pool. The changes would apply to property taxes due on or after July 1, 2026, but the bill was withdrawn.

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