For many weeks, we have written extensively about the Iowa House GOP property tax reform plan. On Tuesday, the Iowa Senate released their proposal, and by Thursday afternoon, the bill had been passed out of the Senate Ways and Means Committee.
With 10 business days left until the scheduled end to the legislative session, both chambers have their property tax reform proposals past the committee process and, theoretically, ready for debate on the floor.
Iowa’s House and Senate will have to reach an agreement and pass identical legislation before a final bill can be sent to the Governor. Iowans for Tax Relief believes amendments will most likely be added to both bills before they pass out of either chamber, but as of today, here is a summary of how they compare:
The details of these bills matter a great deal. ITR will continue to meet with legislators to ensure that large assessment increases no longer automatically lead to large tax increases. More transparency and accountability should be brought to the budgeting process of local governments.
It is important to let legislators know what is important to you. If you haven’t used our simple legislator contact tool, just click on the button below:
|Let Legislators Know What You Want in a Property Tax Reform Bill|