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2017 Iowa Code
Title X - FINANCIAL RESOURCES
Chapter 437B - TAXES ON RATE-REGULATED WATER UTILITIES
Section 437B.1 - Purposes.

Universal Citation: IA Code § 437B.1 (2017)
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1 TAXES ON RATE-REGULATED WATER UTILITIES, §437B.1 437B.1 Purposes. The purposes of this chapter are to replace property taxes imposed on rate-regulated water utilities with a system of taxation which will remove fluctuations in property taxes by imposing a system of taxation based on the delivery of water, to preserve revenue neutrality and debt capacity for local governments and taxpayers, to preserve neutrality in the allocation and cost impact of any replacement tax among and upon consumers of rate-regulated water utilities in this state, and to provide a system of taxation which reduces existing administrative burdens on state government. 2013 Acts, ch 94, §10, 35, 36 Section takes effect May 9, 2013, and applies retroactively to January 1, 2013, for property tax assessment years and replacement tax years beginning on or after January 1, 2013; 2013 Acts, ch 94, §35, 36 Wed Feb 08 03:46:51 2017 Iowa Code 2017, Section 437B.1 (7, 0)
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