88th General Assembly · Iowa Funnel one-pager · Wednesday, November 11, 2026
SF 2242: Creating the taxpayers trust fund and the Iowa taxpayers trust fund tax credit, and making contingent transfers from the Iowa economic emergency fund
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 creates the taxpayers trust fund and Iowa taxpayers trust fund tax credit, and makes contingent transfers from the Iowa economic emergency fund. The taxpayers trust fund is established in the bill as separate from the general fund of the state to be used for appropriations for tax relief.5 percent of the adjusted revenue estimate for the fiscal year, a portion of the excess may be transferred to the trust fund. The transfer amount is limited to the first $60 million of the difference between the actual net general fund revenue and the adjusted revenue estimate for the fiscal year that was used to establish the state general fund expenditure limitation.
Sponsors
Not listed
Cost
No fiscal note
Senate subcommittee · named February 18, 2020
- Sen. Jake Chapman (R)
- Sen. Waylon Brown (R)
- Sen. Herman C. Quirmbach (D) · herman.quirmbach@legis.iowa.gov
Lobbying · 0 for, 1 against
Against: Iowa Chapter of Sierra Club
In plain words
- February 12, 2020Filed in the Senate and sent to the Ways and Means committee
- February 18, 2020Senate subcommittee named: Chapman, Brown and Quirmbach
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/SF2242