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

SF 220: Relating to the increased expensing allowance deduction by corporations, financial institutions, and partnerships and limited liability companies taxed as corporations, and including effective date and retroactive applicability provisions. Effective 3-15-19

Signed into law

Sponsors

Not listed

Cost

Less revenue: up to $620,000

The Section 179 expansion to corporate entities will reduce net General Fund revenue by an estimated $620,000 in FY 2019 and $430,000 in FY 2020. 0 million. With the change effective for TY 2018 and with tax filing for that tax year currently underway, the cha…

House subcommittee · named February 19, 2019

  • Rep. Dustin D. Hite (R)
  • Rep. Charlie McConkey (D)
  • Rep. Louis J. Zumbach (R)

In plain words

  1. February 7, 2019Filed in the Senate
  2. February 7, 2019Approved by the Senate committee
  3. February 18, 2019Cost estimate (fiscal note) posted
  4. February 18, 2019Passed the Senate, 48–0
  5. February 19, 2019Arrived in the House
  6. February 19, 2019House subcommittee named: Hite, McConkey and Zumbach
  7. February 26, 2019Subcommittee recommended passing it
  8. February 28, 2019Approved by the House committee
  9. March 11, 2019Passed the House, 87–7
  10. March 13, 2019Sent to the Governor
  11. March 15, 2019Signed 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/SF220