Division XIX of 2026 Iowa Acts, Senate File 2472 created the Payments in Lieu of Property Taxes (PILOT) Task Force. The Iowa Department of Revenue is responsible for convening a task force to prepare and submit a report approved by the task force, including recommended legislative actions, to the General Assembly by January 10, 2027, regarding the establishment of a program under which counties may implement a program for the collection of payments in lieu of property taxes from owners of property that is exempt, in whole or in part, from ad valorem property taxes, but excluding government-owned property.
Specifically, the task force is required to compile and analyze at least all of the following prior to preparation of the report to the General Assembly:
- An inventory of tax-exempt property.
- Interest and feasibility of county participation in such a program.
- Feasible program structures.
- Possible methods for calculation of program payment amounts, not to exceed the proportionate amount of a countyโs budget for law enforcement, fire protection, and public works services.
- Implementation timelines and procedures.