Iowa SF2440 prohibits using school district property tax revenue for urban renewal projects involving stadiums or arenas for professional sports.
Iowa SF2440 amends the state's urban renewal law to restrict the use of school district foundation property taxes for urban renewal projects that include the planning, construction, or operation of a stadium or arena primarily for professional sports teams. This restriction applies to projects approved on or after January 1, 2025. The bill takes effect immediately upon enactment.
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