Section 15.332 - Value-added property tax exemption1. The community may exempt from taxation all or a portion of the actual value added by improvements to real property directly related to new jobs created by the project and used in the operations of the eligible business. The exemption may be allowed for a period not to exceed twenty years beginning the year the improvements are first assessed for taxation.2. For purposes of this section, "improvements" includes new construction and rehabilitation of and additions to existing structures. The exemption shall apply to all taxing districts in which the real property is located.Amended by 2014 Iowa, ch 1130,s 5, eff. 7/1/2014.94 Acts, ch 1008, §9; 94 Acts, ch 1165, §43Referred to in §15.119, 15.335A, 427B.17