HF 608: Making an appropriation to the Iowa small business relief program, and including effective date provisions

What it does

For the fiscal year beginning July 1, 2020, and ending June 30, 2021, this bill appropriates $100 million from the general fund of the state to the economic development authority for the Iowa small business relief program (program). The bill expands eligibility under the program to include sole proprietors that were an established business prior to March 17, 2020, who are owners and that had no employees; and businesses that employed up to individuals prior to March 17, 2020. Current eligibility under the program includes sole proprietors that had at least one part-time or full-time employee other than the owner, and businesses that employed between and employees.

In plain words

1. February 18, 2021Filed in the House and sent to the Appropriations committee