§ 437A.22 — Statutes applicable

Iowa § 437A.22

• Jurisdiction: Iowa
• Title X: FINANCIAL RESOURCES
• Ch. 437A: TAXES ON ELECTRICITY AND NATURAL GAS PROVIDERS

Text

1. Sections 437A.9, 437A.10, 437A.12, 437A.13, and 437A.14, subsection 1, are applicable
to electric companies, natural gas companies, electric cooperatives, municipal utilities, and
persons whose property is subject to the statewide property tax. However, a required credit
or refund of overpaid statewide property tax pursuant to section 437A.14, subsection 1, as it
appliestothissubchapter, shallbemadebythedirectorandnotbycitychieffinancialofficers
or county treasurers.
2. a. Section 422.26 applies with respect to the statewide property tax and penalties
imposed by this chapter, except that, as applied to any tax imposed by this chapter, the lien
provided shall be prior to and superior over all subsequent liens upon any personal property
within this state or right to such personal property belonging to the taxpayer, without the
necessity of recording the lien as provided in section 422.26. The requirement for recording,
as applied to the statewide property tax imposed by this chapter, shall apply only to a
lien upon real property. In order to preserve such lien against subsequent mortgagees,
purchasers, or judgment creditors, for value and without notice of the lien, on any real
property situated in a county, the director shall file with the recorder of the county in which
the real property is located a notice of the lien.
31 TAXES ON ELECTRICITY AND NATURAL GAS PROVIDERS, §437A.25
b. Thecountyrecorderofeachcountyshallindexeachlienshowingtheapplicableentries
specified in sections 558.49 and 558.52 and showing, under the names of taxpayers arranged
alphabetically, all of the following:
(1) The name of the taxpayer.
(2) The name “State of Iowa” as claimant.
(3) Time the notice of lien was filed for recording.
(4) Date of notice.
(5) Amount of lien then due.
(6) Date of assessment.
(7) Date when the lien is satisfied.
c. The recorder shall endorse on each notice of lien the day, hour, and minute when filed
for recording and the document reference number, shall preserve such notice, and shall
promptly record the lien in the manner provided for recording real estate mortgages. The
lien is effective from the time of the indexing of the lien.
d. The director, from moneys appropriated to the department of revenue for this purpose,
shall pay recording fees as provided in section 331.604 for the recording of the lien, or for its
satisfaction.
e. Upon the payment of the replacement tax as to which the director has filed notice
with a county recorder, the director shall promptly file with the recorder a satisfaction of
the replacement tax. The recorder shall enter the satisfaction on the notice on file in the
recorder’s office and indicate that fact on the index.