IA HF2589

Amends Iowa Code Section 427.1 to make an IRS determination letter recognizing 501(c)(3) tax-exempt status conclusive evidence of eligibility for state property tax exemption for religious institutions and societies, effective for assessment years beginning January 1, 2027.

Prohibits local assessors from modifying or overriding the federal 501(c)(3) determination when evaluating property tax exemption claims by religious organizations.

Allows religious institutions or societies to include a copy of their IRS 501(c)(3) determination letter with exemption statements filed on or after July 1, 2026.

Maintains existing property tax exemption rules for religious institutions, including the 50-acre limit on exempt grounds and the requirement that profits from property use must be used exclusively for the institution's religious purposes.