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IA SF2436
Bill
Status
2/23/2026
Primary Sponsor
Local Government
Click for details
AI Summary
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School district foundation property taxes imposed under section 257.3 are excluded from tax increment financing (TIF) revenue division for urban renewal projects, meaning these taxes must be collected and paid directly to school districts rather than diverted to municipal special funds
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School districts may voluntarily approve by board resolution payments from their general fund to municipalities for deposit in urban renewal special funds, covering all or a portion of foundation property taxes levied against property in urban renewal areas
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Voluntary payments by school districts continue to be classified as foundation property taxes under section 257.3 and do not trigger adjustments to state foundation aid or other funding amounts under chapter 257
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School districts must file a written request with the county auditor and their board of directors before approving voluntary payments, and the approved resolution must also be filed with the county auditor
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The changes apply to property taxes due and payable in fiscal years beginning on or after July 1, 2027
Legislative Description
A bill for an act relating to the division of revenue of school district foundation property taxes for urban renewal projects, authorizing voluntary payments by school districts, and including applicability provisions.(Formerly SSB 3138.)
Last Action
Subcommittee: Dawson, Bisignano, and Gruenhagen. S.J. 393.
2/24/2026