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 clarify the criteria for property assessment in relation to the stability and anchoring of structures.

The bill is deemed of immediate importance, meaning it will take effect as soon as it is enacted. Additionally, it includes a provision for retroactive applicability, ensuring that the new assessment criteria will apply to assessment years beginning on or after January 1, 2025.

Statutes affected:
Introduced: 427A.1