88th General Assembly · Iowa Funnel one-pager · Wednesday, November 11, 2026
HSB 173: HSB 173
Died when the session ended · The 2020 session adjourned on June 14, 2020, the General Assembly’s last regular session. Bills that didn’t pass both chambers died.
What it does
TAXPAYERS AND FARMERS QUALIFYING TO PARTICIPATE IN THE BEGINNING FARMER TAX PROGRAM. This bill creates a beginning farmer tax credit program which replaces the agricultural assets transfer tax credit under the jurisdiction of the Iowa finance authority (IFA). Under the program, an eligible taxpayer (taxpayer) who holds agricultural assets (agricultural land, depreciable agricultural property, crops, or livestock) and who assists a qualified beginning farmer (farmer) acquire agricultural assets by a form of specified legal arrangement is entitled to claim a tax credit against the taxpayer’s individual or corporate income tax liability.
Sponsors
Not listed
Cost
See the fiscal note
1 million per year, beginning FY 2022.
House subcommittee · named February 14, 2019
- Rep. Louis J. Zumbach (R)
- Rep. Bruce Bearinger (D)
- Rep. David Sieck (R) · david.sieck@legis.iowa.gov
Lobbying · 13 for, 0 against
For: Center for Rural Affairs; Farm Credit Service of America; Iowa Bankers Association; Iowa Corn Growers Association; Iowa Dept. of Agriculture; Iowa Farm Bureau Federation; Iowa Farmers Union; Iowa Institute for Cooperatives; Iowa Pork Producers Association; Iowa Soybean Association; Iowa State Bar Association; Iowa State Dairy Association; and 1 more
In plain words
- February 14, 2019House subcommittee named: Zumbach, Bearinger and Sieck
- February 21, 2019Subcommittee recommended passing it
- February 26, 2019Approved by the House committee
From public records at legis.iowa.gov, compiled by Iowa Funnel (iowafunnel.com), an independent, nonpartisan site. Current as of Wednesday, November 11, 2026. https://iowafunnel.com/bills/88/HSB173