The bill introduces a new section, 28E.45, which allows two or more governmental units in Iowa to enter into joint agreements to combine their services and authority related to tax levying, tax collection, and property value assessment. This initiative aims to promote cost savings and efficiency among the participating governmental units, which include counties, cities, school districts, and townships.

By defining "governmental unit" as a political subdivision of the state with the authority to assess, levy, and collect taxes, the bill provides a clear framework for collaboration among these entities. The provisions outlined in this bill are intended to streamline operations and enhance the effectiveness of tax-related services across different levels of government.