A bill for an act relating to Iowa’s urban renewal law and urban revitalization law by establishing provisions governing certain property used for gaming, and including effective date, applicability, and retroactive applicability provisions.

SF 511 prohibits urban renewal and revitalization projects involving properties related to gaming licenses first issued on or after January 1, 2025, including the gaming property itself, nonprofits directly benefiting it, or commercial properties that directly benefit it. The bill blocks these properties from being included in urban renewal plans, excludes their taxes from revenue-sharing funds for urban projects, and removes tax exemptions for such properties in revitalization areas. It applies retroactively to assessment years beginning January 1, 2025, and affects property taxes due after July 1, 2025. This law directly impacts gaming licensees, their affiliated properties, and local governments managing urban renewal funds.