Iowa § 437B.1 Purposes

Iowa Statutes

§ 437B.1 — Purposes

Iowa § 437B.1

Title XFINANCIAL RESOURCES

Ch. 437BTAXES ON RATE-REGULATED WATER UTILITIES

This text of Iowa § 437B.1 (Purposes) is published on Counsel Stack Legal Research, covering Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Iowa Code § 437B.1 (2026).

Text

The purposes of this chapter are to replace property taxes imposed on rate-regulated
water utilities with a system of taxation which will remove fluctuations in property taxes
by imposing a system of taxation based on the delivery of water, to preserve revenue
neutrality and debt capacity for local governments and taxpayers, to preserve neutrality
in the allocation and cost impact of any replacement tax among and upon consumers of
rate-regulated water utilities in this state, and to provide a system of taxation which reduces
existing administrative burdens on state government.

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The purposes of this chapter are to replace property taxes imposed on rate-regulated
water utilities with a system of taxation which will remove fluctuations in property taxes
by imposing a system of taxation based on the delivery of water, to preserve revenue
neutrality and debt capacity for local governments and taxpayers, to preserve neutrality
in the allocation and cost impact of any replacement tax among and upon consumers of
rate-regulated water utilities in this state, and to provide a system of taxation which reduces
existing administrative burdens on state government.