The bill amends Section 427.1, subsection 8 of the Iowa Code to expand the definition of a "religious institution or society" for property taxation purposes. The new definition includes, but is not limited to, (1) a church or other house of worship; (2) a convention or association of churches or other houses of worship; and (3) a religious nonprofit corporation organized under chapter 504 that operates primarily for religious purposes, regardless of its affiliation with a church or house of worship.

This updated definition aims to clarify the types of entities that qualify for property tax exemptions under current law. The provisions of this bill will take effect for assessment years beginning on or after January 1, 2027.

Statutes affected:
Introduced: 427.1