This bill amends Section 427A.1 of the Iowa Code by adding a new subsection that exempts certain structures from being assessed and taxed as real property. Specifically, it states that a structure will not be subject to property assessment if it is not anchored to a permanent foundation, except by its own weight. This change aims to provide clarity on the taxation of non-permanently anchored structures.

The bill is designed to take effect immediately upon enactment and includes a provision for retroactive applicability, meaning it will apply to assessment years starting on or after January 1, 2025. This retroactive aspect ensures that the new exemption is recognized for past assessments as well.

Statutes affected:
Introduced: 427A.1