Bills › 88th General Assembly

SSB 3196Died when the session ended · March 11, 2020

SSB 3196

Topics:TaxesTax credits & incentives

Where it is now

  1. Done: IntroducedMarch 5, 2020
  2. Done: SubcommitteeMarch 5, 2020
  3. Stopped: Senate committeeDied when the General Assembly ended
  4. Next: Passes the Senate
  5. Next: House committee
  6. Next: Passes the House
  7. Next: To the Governor
  8. Next: Signed into law

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’s a funnel?

What’s in it

This bill relates to certain tax credits awarded by the economic development authority for equity investments in a qualifying business or innovation fund. The bill directs the economic development authority to determine on or before June of each year the amount of tax credits that will be issued for the following fiscal year S.F. _____ for equity investments in qualifying businesses pursuant to Code section 15E.43 and in innovation funds pursuant to Code section 15E.52. The bill caps the aggregate amount of these tax credits at $10 million. The bill takes effect upon enactment.

Full bill text1

Senate subcommittee

Named March 5, 2020. On March 11, 2020 it recommended amendment and passage.

Three legislators hear a bill first and recommend what the committee should do; it’s the best time to weigh in. How to take part

Iowa Code it changes

Amends§15.119

How the Code works2

Lobbying

3 for · 0 against · 3 undecided · Who →

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