Emergency medical services taxes would stay outside urban renewal financing

Local governments would exclude covered emergency medical services taxes from tax increment financing, which directs some property tax money toward urban renewal projects. The exclusion covers emergency medical services property taxes imposed under Iowa Code chapters 357F, 357G, or 422D. The exclusion has an exception under paragraph b, whose terms are not included in the bill. The provision would apply to property taxes due and payable in fiscal years beginning on or after July 1, 2027.