427B.1 Actual value added exemption from tax — public hearing. 1. For purposes of this section: a. “Distribution center” means a building or structure used primarily for the storage of goods which are intended for subsequent shipment to retail outlets. “Distribution center” does not mean a building or structure used primarily to store raw agricultural […]
427B.17 Property subject to special valuation. 1. For purposes of this section: a. “Electric power generating plant” means any nameplate rated electric power generating plant, in which electric energy is produced from other forms of energy, including all taxable land, buildings, and equipment used in the production of such energy. b. “Net acquisition cost” means […]
427B.18 Replacement. Beginning with the fiscal year beginning July 1, 1996, each county treasurer shall be paid from the industrial machinery, equipment and computers replacement fund an amount equal to the amount of the industrial machinery, equipment and computers tax replacement claim, as calculated in section 427B.19. 95 Acts, ch 206, §30
427B.19 Assessor and county auditor duties. 1. On or before July 1 of each fiscal year, the assessor shall determine the total assessed value of the property assessed under section 427B.17 for taxes payable in that fiscal year and the total assessed value of such property assessed as of January 1, 1994, and shall report […]
427B.19A Fund created. 1. The industrial machinery, equipment and computers property tax replacement fund is created. For the fiscal year beginning July 1, 1996, through the fiscal year ending June 30, 2004, there is appropriated annually from the general fund of the state to the department of revenue to be credited to the industrial machinery, […]
427B.19B Guarantee of state replacement funds. Repealed by 2003 Acts, ch 178, §11 .
427B.19C Adjustment of certain assessments required. In the assessment year beginning January 1, 2003, the amount of assessed value of property defined in section 403.19, subsection 1, for an urban renewal taxing district which received replacement moneys under section 427B.19A, subsection 4, shall be reduced by an amount equal to that portion of the amount […]
427B.19D Appeal for state assistance. For fiscal years beginning on or after July 1, 1996, a municipality in which is located an urban renewal district for which debt was incurred prior to June 30, 1996, may appeal to the state appeal board for state assistance to meet such debt obligations for the fiscal year if […]
427B.2 Zoning under chapter 335. 1. The board of supervisors of a county which has appointed a county zoning commission and provided for county zoning under chapter 335 may provide for a partial exemption from property taxation of the actual value added to industrial real estate as provided under section 427B.1. 2. The board of […]
427B.20 Local option remedial action property tax credit — public hearing. 1. As used in this subchapter: a. “Actual portion of the costs paid by the owner or operator of an underground storage tank in connection with a remedial action for which the Iowa comprehensive petroleum underground storage tank fund shares in the cost of […]
427B.21 Application for credit by underground storage tank owner or operator — approval by county board of supervisors or city council. 1. An application shall be filed by an owner of a small business that owns or operates an underground storage tank for each property for which a credit is sought. Applications shall be filed […]
427B.22 Credit may be repealed. If in the opinion of the city council or the county board of supervisors continuation of the credit granted under an ordinance adopted pursuant to this subchapter ceases to be of benefit to the city or county, the city council or the county board of supervisors may repeal the ordinance […]
427B.26 Special valuation of wind energy conversion property. 1. a. A city council or county board of supervisors may provide by ordinance for the special valuation of wind energy conversion property as provided in subsection 2. The ordinance may be enacted not less than thirty days after a public hearing on the ordinance is held. […]
427B.3 Period of partial exemption. 1. “Actual value added”, as used in this chapter, means the actual value added as of the first year for which the exemption is received, except that actual value added by improvements to machinery and equipment means the actual value as determined by the assessor as of January 1 of […]
427B.4 Application for exemption by property owner. 1. An application shall be filed for each project resulting in actual value added for which an exemption is claimed. The application for exemption shall be filed by the owner of the property with the local assessor by February 1 of the assessment year in which the value […]
427B.5 Exemption may be repealed. When in the opinion of the city council or the county board of supervisors continuation of the exemption granted by this chapter ceases to be of benefit to the city or county, the city council or the county board of supervisors may repeal the ordinance authorized by section 427B.1, but […]
427B.6 Dual exemptions prohibited. A property tax exemption under this chapter shall not be granted if the property for which the exemption is claimed has received any other property tax exemption authorized by law. [C81, §427B.6]
427B.7 Actual value added exemption from tax — cattle facilities. A city council, or a county board of supervisors as authorized by section 427B.2, may, by ordinance as provided in section 427B.1, establish a partial exemption from property taxation of the actual value added to owner-operated cattle facilities, including small or medium sized feedlots but […]
