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88th General Assembly · Funnel one-pager · Monday, November 9, 2026

HF 2340: Relating to the Iowa educational savings plan trust by permitting the use of funds for certain beneficiaries to attend out-of-state elementary or secondary schools, and including retroactive applicability provisions

Signed into law

Sponsors

Not listed

Cost

Less revenue: up to $175,000

The expansion of the Iowa Educational Savings Plan Trust individual income tax exemption is projected to reduce net General Fund revenue by $175,000 in FY 2021 through FY 2024, and $145,000 in succeeding fiscal years.

Senate subcommittee · named February 27, 2020

  • Sen. Tim Kraayenbrink (R) · tim.kraayenbrink@legis.iowa.gov
  • Sen. Chris Cournoyer (R)
  • Sen. J. Smith

Lobbying · 5 for, 1 against

For: Iowa Advocates for Choice in Education; Iowa Association of Christian Schools; Iowa Catholic Conference; The Family Leader; The Family Leader Foundation

Against: Iowa Conference of United Methodist Church

In plain words

  1. February 11, 2020Filed in the House
  2. February 18, 2020Cost estimate (fiscal note) posted
  3. February 26, 2020Passed the House
  4. February 26, 2020Arrived in the Senate
  5. February 27, 2020Senate subcommittee named: Kraayenbrink, Cournoyer and J. Smith
  6. March 4, 2020Subcommittee recommended passing it
  7. March 4, 2020Approved by the Senate committee
  8. June 3, 2020Passed the Senate, 49–0
  9. June 16, 2020Sent to the Governor
  10. June 29, 2020Signed into law

From public records at legis.iowa.gov, compiled by Funnel (iowafunnel.com), an independent, nonpartisan site. Current as of Monday, November 9, 2026. https://iowafunnel.com/bills/88/HF2340