Revenue
Collects the state’s income, sales and other taxes, and the local option sales taxes counties vote for. It also oversees how local assessors value property and sets the yearly rollback.
Who leads it
Director · Appointed by the Governor and confirmed by the Iowa Senate.
Official website
General Fund, FY27 est.
$381.8M
Its budget over time
General Fund appropriations by fiscal year1. Its General Fund figures include state payments for some property tax credits, not just running the department.
$493.2M
$381.8M
| Fiscal year | General Fund |
|---|---|
| FY27 est. | $381.8M |
| FY26 | $383.3M |
| FY25 | $393.4M |
| FY24 | $399.3M |
| FY23 | $411.3M |
| FY22 | $493.0M |
| FY21 | $487.4M |
| FY20 | $492.5M |
| FY19 | $491.5M |
| FY18 | $491.3M |
| FY17 | $493.2M |
| FY16 | $470.4M |
| FY15 | $352.8M |
Show the numbers
| Fiscal year | General Fund |
|---|---|
| FY27 est. | $381.8M |
| FY26 | $383.3M |
| FY25 | $393.4M |
| FY24 | $399.3M |
| FY23 | $411.3M |
| FY22 | $493.0M |
| FY21 | $487.4M |
| FY20 | $492.5M |
| FY19 | $491.5M |
| FY18 | $491.3M |
| FY17 | $493.2M |
| FY16 | $470.4M |
| FY15 | $352.8M |
Bills that would change its laws
Recent bills that add to, rewrite or repeal the Iowa Code chapters it mainly carries out2: chapter 421, chapter 422, chapter 423, chapter 441.
- HF 2799Relating to matters under the purview of the economic development authority, the utilities commission, and the department of education, including creation of the headquarters expansion and development for growth and employment program, and the business incentives for growth program training fund; repeal of the new jobs tax credit program; the major economic growth attraction program; load forecasting and analysis of electric transmission system expansion plans; creation of the electric transmission system expansion planning and analysis and load forecasting fund; the industrial new jobs training program; and establishing the new jobs training program interim study committee; and including effective date provisionsSigned by Governor
- SF 2506Relating to matters under the purview of the economic development authority, the utilities commission, and the department of education, including creation of the headquarters expansion and development for growth and employment program, and the business incentives for growth program training fund; repeal of the new jobs tax credit program; the major economic growth attraction program; load forecasting and analysis of electric transmission system expansion plans; creation of the electric transmission system expansion planning and analysis and load forecasting fund; the industrial new jobs training program; establishing the new jobs training program interim study committee; the research activities credit; and including effective date provisionsWithdrawn
- SF 2503Modifying the sales or use tax refund for biodiesel production, and including retroactive applicability provisionsDied when the session ended
- HF 2786Modifying the sales or use tax refund for biodiesel productionDied when the session ended
- HF 2785Extending the biodiesel blended fuel tax creditDied when the session ended
- HF 2778Modifying the individual income tax credit for emergency medical services personnel to include volunteer ambulance drivers, and including retroactive applicability provisionsDied when the session ended
- HF 2774Exempting sales and use taxes incurred for constructing a regional water trail system by a nonprofit corporation, and including effective date and retroactive applicability provisionsDied when the session ended
- SF 2498Relating to nuclear electric generation facilities by creating sales and use tax exemptions and refunds, making appropriations to the state board of regents for establishing and maintaining a nuclear energy workforce, and providing penaltiesWithdrawn
- SF 2495Creating a maternity group home tax credit available against the individual, corporate, franchise, insurance premium, and moneys and credits taxes, and including applicability provisionsDied when the session ended
- SF 2492Creating a state corporate income tax deduction for net controlled foreign corporation tested income, and including retroactive applicability provisionsSigned by Governor
- SF 2491Providing for the rural veterinarian loan repayment program, including by allowing a loan repayment recipient to exclude net income attributable to loan payments received under the programDied when the session ended
- HF 2760Creating an attorney loan repayment program, and making appropriationsDied when the session ended