Bill
HF 92
Overview: Bill Number: HF 92, Title: A bill for an act relating to Iowa's urban renewal law by modifying the division of revenue, and including applicability provisions, Status: Su
Overview: Bill Number: HF 92, Title: A bill for an act relating to Iowa's urban renewal law by modifying the division of revenue, and including applicability provisions, Status: Subcommittee recommends passage, Introduced: January 17, 2025
Purpose and Intent: The purpose of this bill is to modify Iowa's urban renewal law, specifically the division of revenue from tax increment financing (TIF) districts.
Key Provisions:
- Revises the division of revenue from TIF districts to increase the portion allocated to taxing authorities other than the municipality that established the TIF district
- Includes applicability provisions to determine when the new revenue division rules would take effect
Affected Parties and Impacts:
- Municipalities that have established TIF districts would see a decrease in the revenue they retain from those districts
- Taxing authorities, such as counties and school districts, would receive a larger share of the TIF revenue
- Taxpayers in TIF districts may see changes in the allocation of their property tax payments
Procedural and Timeline Considerations:
- The bill has been recommended for passage by a subcommittee and is progressing through the legislative process.
Compiled from official sources — confirm details with the bill’s official record.
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