89th General Assembly · Iowa Funnel one-pager · Tuesday, November 10, 2026
HF 85: Allowing the formation of certain for-profit corporations as benefit corporations authorized to do business in this state under certain conditions
Died when the session ended · The 2022 session adjourned on May 24, 2022, the General Assembly’s last regular session. Bills that didn’t pass both chambers died.
What it does
GENERAL. This bill amends the “Iowa Business Corporation Act” codified in Code chapter 490, by creating new subchapter XVIII governing benefit corporations. The bill allows a new for-profit business to either incorporate as a benefit corporation or as an existing for-profit corporation to become a benefit corporation.1801(1)).1801(2)). Both existing Code chapter 490 and the bill’s amendments in part creating new subchapter XVIII are based on model legislation prepared by the American bar association.
Sponsors
Not listed
Cost
No fiscal note
Lobbying · 1 for, 0 against
For: Iowa Chapter of Sierra Club
In plain words
- January 15, 2021Filed in the House and sent to the Commerce committee
From public records at legis.iowa.gov, compiled by Iowa Funnel (iowafunnel.com), an independent, nonpartisan site. Current as of Tuesday, November 10, 2026. https://iowafunnel.com/bills/89/HF85