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88th General Assembly · Iowa Funnel one-pager · Tuesday, November 10, 2026

HSB 671: HSB 671

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

This bill relates to certain tax credits awarded by the economic development authority for equity investments in a qualifying business or innovation fund.52. The bill caps the aggregate amount of these tax credits at $10 million. The bill changes the maximum amount of tax credits that may be issued in a year to a natural person and the person’s spouse or dependant, or for equity investments in any one qualifying business, from a calendar year basis to a fiscal year basis. The bill takes effect upon enactment.

Sponsors

Not listed

Cost

No fiscal note

House subcommittee · named February 11, 2020

  • Rep. Jane Bloomingdale (R) · jane.bloomingdale@legis.iowa.gov
  • Rep. Joe Mitchell (R)
  • Rep. Timi Brown-Powers (D) · timi.brown-powers@legis.iowa.gov

Lobbying · 10 for, 0 against

For: Ames Chamber of Commerce; Cedar Rapids Metro Economic Alliance; Greater Des Moines Partnership; Iowa Association of Business and Industry (ABI); Iowa Biotechnology Association; Iowa Chamber Alliance; Iowa Economic Development Authority; Personal Interest-Mark Joyce; Professional Developers of Iowa (PDI); Technology Association of Iowa

In plain words

  1. February 11, 2020House subcommittee named: Bloomingdale, Mitchell and Brown-Powers
  2. March 10, 2020Subcommittee recommended passing it
  3. March 11, 2020Approved by the House committee

From public records at legis.iowa.gov, compiled by Iowa Funnel (iowafunnel.com), an independent, nonpartisan site. Current as of Tuesday, November 10, 2026. https://iowafunnel.com/bills/88/HSB671