Property tax reduction for all commercial and industrial property: a 10% reduction in
taxable value (assessed value) over two years. A new tax credit for commercial and industrial property. When phased in over three years, the taxable value of the first $145,000 of a property’s market value will be sharply reduced to the same level that applies to residential property. More property tax reductions for apartments, nursing homes, assisted living facilities, and telephone companies.
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The annual increases in taxable value of residential and agricultural properties will be
limited to 3% instead of the current 4%. This is important protection for Iowa
homeowners and farmers.
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The bill would specify what work is considered suitable work for purposes of the statute such that an employee’s refusal to accept the work will result in suspension of that employee’s weekly workers’ compensation benefits during the period of the refusal.Read Full Article