SF 587 - Rescinds the Property Tax Levy on Mental Health - Iowa Key Vote

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Title: Rescinds the Property Tax Levy on Mental Health

Vote Smart's Synopsis:

Vote to pass a bill that rescinds the property tax levy on institutions related to mental health and the services they provide.

Highlights:

 

  • Specifies if a county has been exempted before July 1, 2014, from the requirements to enter into a regional service system, the county and the county’s board of supervisors will fulfill all requirements and be eligible as a region for a regional service system, regional service system management plan, regional governing board, and regional administrator, and any other provisions applicable to a region of counties providing local mental health and disability services (Sec. 5.b).

  • Establishes a county mental health and disability services fund established by an exempt county, to the extent feasible, will be considered to be the same as a region combined account and shall be subject to the same requirements as a region's combined account (Sec. 7-1).

  • Requires the county treasurer to transfer the remaining balance of the county's county services fund including all unobligated and unencumbered funds, to the county’s region to which the county belongs in the fiscal year beginning July 1, 2022, for deposit in the region's combined account (Sec. 13.b).

  • Establishes a risk pool created in the property tax relief fund. The pool consists of the monies appropriated or credited to the pool by law, including amounts credited to the risk pool. For fiscal years beginning on or after July 1, 2021, there is appropriated from the general fund of the state to the risk pool the following amounts to be used for this section (Sec. 24-2):

    • For the fiscal year beginning July 1, 2021, $9,960,590.

    • For the fiscal year beginning July 1, 2022, $5,170,340.

    • For each fiscal year beginning on or after July 1, 2025, an amount equal to the risk pool growth factor multiplied by the ending balance of the risk pool after the fiscal year ending June 30 immediately preceding the application deadline for the fiscal year for which the appropriations made.

  • Requires a regional administrator to apply to the risk pool board on or before October 31 preceding the fiscal year for which assistance is requested to receive assistance from the risk pool (Sec. 24-4).

  • Requires the Department of Management to calculate and report to the Department of Revenue for each taxing authority in this state that is a city or a county all of the following (Sec. 32-3.b):

    • The total assessed value as of January 1, 2012, of all taxable property located in the taxing authority that is subject to assessment and taxation, used to calculate taxes which are due and payable in the fiscal year beginning July 1, 2013, excluding property subject to the statewide property tax;

    • The total assessed value as of January 1, 2019, of all taxable property located in the taxing authority that is subject to assessment and taxation, used to calculate taxes which are due and payable in the fiscal year beginning July 1, 2020, excluding property subject to the statewide property tax

  • Establishes the public education and recreation levy fund as a special revenue fund. A public education and recreation levy fund will be established in any school corporation which levied the tax or which receives revenue from a chapter 28E agreement. Money available in the fund after the fiscal year beginning July 1, 31 2023, and ending June 30, 2024, will be expended by the school corporation for the purposes (Sec. 45).

  • Specifies a person filing a claim for credit who has attained the age of 70 years on or before December 31st of the base year, who has a household income of less than 250% of the federal poverty level, as defined by the most recently revised poverty income guidelines published by the United States Department of Health and Human Services, and is domiciled in this state at the time the claim is filed or at the time of the person’s death in the case of a claim filed by the executor or administrator of the claimant’s estate is considered a “claimant” (Sec. 55-3).

Title: Rescinds the Property Tax Levy on Mental Health

Committee Sponsors

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