SF 2472: Property Taxes
DIVISION IV —— PROPERTY VALUATIONS AND ASSESSMENT LIMITATIONS. This bill amend Code section 441.21 by specifying that for assessment years beginning on or after January 1, 2027, structures on agricultural land
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DIVISION IV —— PROPERTY VALUATIONS AND ASSESSMENT LIMITATIONS. This bill amend Code section 441.21 by specifying that for assessment years beginning on or after January 1, 2027, structures on agricultural land
This bill makes the proposed FY 2027 GF appropriations for the DOE, the DOB and the Regents. Some key appropriations include: Community College State General Aid: $247,008,533 this is a
The bill makes the Governor's proposed FY 2027 appropriations for economic development, the EDA, the DWD, the IFA and for the Regents. Key funding provisions include: Adult basic education and
Prohibits indirect charges exceeding 5% from being charged against state grants. Defines indirect costs, requires a grant budget to list direct and indirect costs, and requires state departments to collect
Establishes continuing appropriations in fiscal years for which the general assembly does not pass an annual budget by July 1. Requires the DOM and LSA to determine amounts for line-item
Charters: Increases the funding for charter schools. Adds charter school employees to IPERS. Allows charter school students to participate in sports and extracurricular activities at public HS. Deems charter school boards as
Excludes the school district foundation property tax imposed under Code section 257.3 from the division of revenue under Code section 403.19 (tax increment financing). Authorizes school districts to voluntarily approve
Provides that school district foundation property taxes levied under Code section 257.3 and deposited into a municipality's special fund as a result of a division of revenue shall not be
Requires regents to ensure that no less than 1 percent of their respective total endowment assets are invested by July 1, 2027, in one or more innovation funds certified by
Includes requirements for school districts on notice for hearing, inspection of curriculum by the public, inspection of professional development materials by board members, and on other matters. Includes additional bond
