A bill for an act relating to disclosures on property tax statements concerning school district funding reductions and individual taxpayer payments to the education savings account program.

HF 359 requires Iowa property tax statements to include three specific disclosures for each taxpayer: (1) how much less funding their school district received this year compared to last year due to students using education savings accounts (ESAs), (2) how much of their state income taxes funded the ESA program, and (3) a standardized statement showing the exact amount of reduced school funding linked to ESA payments. These disclosures directly affect property owners and taxpayers by making visible the connection between their payments and school funding changes caused by the ESA program. The bill mandates the Department of Management to calculate the funding reduction data and collaborate with the Department of Revenue to determine the tax contribution figures, then transmit both to the treasurer for inclusion on tax statements. This is a transparency measure focused on informing taxpayers about ESA program impacts, not altering the program itself.