Iowa Education Legislative Watch
StateFunding

HSB 563

Caps local property tax growth and restricts bond use

Limits how much local governments can raise property taxes each year and bars them from borrowing bonds to pay for general operations. It also changes homestead and commercial property tax exemptions, credits, and assessments, which affect homeowners and businesses rather than K-12 schools directly.

Official title

A bill for an act relating to state and local government taxes, budgets, and authority, by modifying provisions relating to the assessment and taxation of property, funding from the secure an advanced vision for education fund, the election of certain county officers, urban renewal areas and urban revitalization areas, establishing a rent reimbursement program, establishing a program for certain first-time homebuyers, establishing a local government shared-services grant fund, making appropriations, and including effective date, applicability, and retroactive applicability provisions.

Introduced1 of 5

Where it stands

  1. Introduced
  2. Committee
  3. House
  4. Senate
  5. Governor

Last action, Jan 29: Subcommittee recommends passage.

History

  • Subcommittee recommends passage.House · Jan 29
  • Subcommittee Meeting: 01/29/2026 12:30PM RM 103.House · Jan 28
  • Subcommittee reassigned: Nordman, Hermanson, McBurney, Wichtendahl and Young. H.J. 167.House · Jan 28
  • Subcommittee: Nordman, Hermanson and Jacoby. H.J. 99.House · Jan 14
  • Introduced, referred to Ways and Means. H.J. 97.House · Jan 14
  • By COMMITTEE ON WAYS AND MEANSHouse · Jan 14