Iowa legislation · 91st General Assembly
Iowa HF565: A BILL FOR An Act establishing a partial exemption on property taxes for certain residential properties sold in disaster areas
Status: In committee, April 14, 2025
An Act establishing a partial exemption on property taxes for certain residential properties sold in disaster areas.
What the bill says
A bill FOR An Act establishing a partial exemption on property taxes for certain residential properties sold in disaster areas.
From the introduced text, February 24, 2025:
A BILL FOR An Act establishing a partial exemption on property taxes for certain residential properties sold in disaster areas. BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: TLSB 2110YH (5) jm/md H.F. Section 1. Section 427.1, Code 2025, is amended by adding the following new subsection: NEW SUBSECTION. 43. Residential property acquired from United States department of housing and urban development. A residential property sold by the United States department of housing and urban development to an owner who is receiving the homestead tax credit under section 425.1 on the residential property shall be partially exempt from taxation if the sale was to provide housing to individuals following a major disaster or disaster emergency and the residential property was located in the major disaster area declared by the president of the United States or the disaster emergency area for which the governor has proclaimed a state of disaster emergency. The exemption is for a period of four assessment years. The amount of the partial exemption is equal to a percent of the actual value, determined as follows: a. For the first full assessment year occurring after the sale, eighty percent. b. For the second full assessment year occurring after the sale, sixty percent. c. For the third full assessment year occurring after the sale, forty …
Sponsors
- David Sieck (R, 16) · primary sponsor
- Thomas Jeneary (R, 3)
- Sean Bagniewski (D, 35)
- Thomas Moore (R, 18)
- Taylor Collins (R, 95)
- Daniel Gosa (D, 81)
- Tom Shipley (R, 9)
- Norlin Mommsen (R, 70)
- Brent Siegrist (R, 19)
- Craig Johnson (R, 67)
- Sam Wengryn (R, 24)
- Jones, Megan (R, 6)
Latest actions
- : Withdrawn. H.J. 1112 .
- : Committee report approving bill, renumbered as HF 1013 .
- : Committee vote: Yeas, 24. Nays, 0. Excused, 1. H.J. 922 .
- : Committee report, recommending amendment and passage. H.J. 922 .
- : Subcommittee recommends passage.
- : Subcommittee Meeting: 03/25/2025 12:00PM House Lounge.
- : Subcommittee: Jones, Siegrist and Wichtendahl. H.J. 719 .
- : Introduced, referred to Ways and Means. H.J. 414 .
Votes
- Committee report, recommending amendment and passage. H.J. 922 . (April 9, 2025): 24 yea, 0 nay, passed
Subjects: residential property, disasters, property taxes
Common questions
- What is HF565?
- HF565 is a bill in the Iowa Legislature (91st General Assembly): A BILL FOR An Act establishing a partial exemption on property taxes for certain residential properties sold in disaster areas.
- What does HF565 do?
- In its own words: A bill FOR An Act establishing a partial exemption on property taxes for certain residential properties sold in disaster areas.
- What is the status of HF565?
- In committee as of April 14, 2025. Latest action: Withdrawn. H.J. 1112 . (May 9, 2025).
- Who sponsored HF565?
- David Sieck (R, 16), with 11 co-sponsors.
- Where is the official record for HF565?
- On the Iowa Legislature website: https://www.legis.iowa.gov/legislation/BillBook?ba=HF+0565&ga=91
Source: official Iowa record. Tracked by Delilah, AI for legislation across all 50 states and Congress.