This bill amends Iowa's urban renewal law by modifying the allocation of revenue related to certain emergency medical services property tax levies. Specifically, it introduces provisions that exclude property taxes for emergency medical services imposed under Code chapters 357F, 357G, or 422D from being subject to tax increment financing as outlined in Code section 403.19. This means that these taxes will be collected from all taxable property within the taxing district without being limited by the existing provisions of the urban renewal law.

The bill also includes applicability provisions, stating that the changes will take effect for property taxes due and payable in fiscal years beginning on or after July 1, 2027. This adjustment aims to ensure that funding for emergency medical services is not impacted by the revenue allocation processes associated with urban renewal projects.

Statutes affected:
Introduced: 403.19