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89th General Assembly · Funnel one-pager · Monday, November 9, 2026

HF 2317: Relating to state revenue and finance by modifying individual income tax rates, exemptions, and credits, corporate income tax rates and credits, credits against the franchise tax, the insurance premiums tax, and the moneys and credits tax, and the tax expenditure committee, making contingent transfers from the taxpayer relief fund, and including effective date and applicability provisions. Contingent effective date. Contingent applicability date

Signed into law

What it does

This bill relates to state revenue and finance by modifying the individual income tax and making appropriations. DIVISION I —— SALE OF CERTAIN QUALIFIED STOCK —— NET CAPITAL GAIN EXCLUSION. The bill grants an employee-owner one irrevocable lifetime election to exclude from state individual income tax the net capital gain from the state of the capital stock on one qualified corporation. The election applies to all subsequent sales or exchanges of capital stock. The bill phases in over a three-year period the complete exclusion from the individual income tax the net capital gain from the sale of capital stock on one qualified corporation.

Sponsors

Ways and Means committee

Cost

See the fiscal note

The Bill is projected to reduce individual and corporate income tax liability and State General Fund revenue by the amounts in Figure 2. 8$ * The tax reduction and retirement income components were estimated separately and in combination. This table presents t…

Lobbying · 17 for, 11 against

For: Alliant Energy Corporation; Americans For Prosperity; Annett Holdings; CRST International; Council Bluffs Chamber of Commerce; Elevance Health, and its Affiliates dba Anthem, Inc.; Federation of Iowa Insurers; Grow Cedar Valley; Hy-Vee, Inc.; Iowa Association of Electric Cooperatives; Iowa Bowhunters Association; Iowa Business Council; and 5 more

Against: AFSCME Iowa Council 61; Common Good Iowa; Episcopal Diocese of Iowa; Interfaith Alliance of Iowa Action Fund; Iowa Alliance For Retired Americans; Iowa Annual Conference of United Methodist Church; Iowa Dept. of Public Defense; Iowa Hunger Coalition; Rural School Advocates of Iowa; Teamsters Local 238; Urban Education Network of Iowa

In plain words

  1. February 9, 2022Filed in the House
  2. February 10, 2022Cost estimate (fiscal note) posted
  3. February 16, 2022Passed the House, 61–37
  4. February 17, 2022Arrived in the Senate
  5. February 24, 2022Took the place of SF 2206 on the Senate floor (the same legislation)
  6. February 24, 2022Passed the Senate, 32–16
  7. February 24, 2022Cost estimate (fiscal note) posted
  8. February 24, 2022Passed the House, 61–34
  9. March 1, 2022Sent to the Governor
  10. March 1, 2022Signed into law
  11. June 23, 2022Cost estimate (fiscal note) posted

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/89/HF2317