Background
Senate File 2416 Utilities – Property Tax Replacement and Statewide Property Tax, was passed by the General Assembly and signed by the Governor during the 1998 session. The bill replaces the property taxes paid by electric and natural gas utilities on their property with excise taxes associated with electricity and natural gas. The bill also provides for a special utility property tax levy or tax credit, and a statewide property tax on property associated with electricity and natural gas.
Task Force
The bill required the Department of Management, in consultation with the Department of Revenue, to initiate and coordinate the establishment of a task force. It was the intent of the general assembly that the task force include representatives of the Department of Management, Department of Revenue, electric companies, natural gas companies, municipal utilities, electric cooperatives, counties, cities, school boards, and industrial, commercial, and residential consumers, and other appropriate stakeholders.
The purpose of the task force is to study the effects of the replacement tax on local taxing districts, consumers, and taxpayers. The Department of Management shall report the results of the study to the general assembly by January 1 of each year through January 1, 2003. The Department of Management shall also report to the legislative council by November 15 of each year through 2002, the status of the task force study and any recommendations.
Task Force Members
- Courtney Kay-Decker, Director, Department of Revenue (Chair)
- David Roederer, Director, Department of Management (Chair)
- Tim Coonan, Governmental Relations Director, Iowa Association of Electric Cooperatives
- Steve Evans, Vice President Taxation, MidAmerican Energy Company
- Jim Henter, President, Iowa Retail Federation
- Alan Kemp, Executive Director, Iowa League of Cities
- Deborah Krauth, Attorney, Nyemaster Law Firm
- Bill Peterson, Executive Director, Iowa State Association of Counties
- Michael C. Rubino, Manager, Finance Integration, Deere & Company
- Larry Sigel, President, Iowa School Finance Information Services
- Julie Smith, General Counsel, Iowa Association of Municipal Utilities
Task Force Meeting Minutes (MS Word)
- October 28, 1998
- September 30, 1999
- December 1, 1999
- April 7, 2000
- September 26, 2000
- November 28, 2000
- June 18, 2001
- August 30, 2001
- October 11, 2001
- November 8, 2001
- March 6, 2002
- June 19, 2002
- October 28, 2002
- November 26, 2002
- September 23, 2003
- November 7, 2003
- September 29, 2004
- November 6, 2006
- March 30, 2009
- November 2, 2009
- November 30, 2009
Report to the Iowa Legislative Council (MS Word)
- November 15, 1999
- January 1, 2000
- November 15, 2001
- November 15, 2002
- November 15, 2003
- November 15, 2004
Iowa Code
Go to Iowa Code chapter 437A
Next Meeting
TBA