HSB 193: HSB 193

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

This bill relates to matters under the purview of the economic development authority and the Iowa finance authority. The bill is divided into divisions. DIVISION I —— INVESTMENTS IN QUALIFYING BUSINESSES AND EQUITY INVESTMENTS IN INNOVATION FUNDS. Under current law the authority must allocate $2 million to investments in qualifying businesses and $8 million to equity investments in innovation funds (equity investments). The division limits the authority’s tax credit allocations for investments in qualifying businesses and equity investments to a maximum aggregate of $10 million.

Cost

No fiscal note

House subcommittee · named February 10, 2021

Rep. Holly Brink (R)
Rep. Chad Ingels (R) · chad.ingels@legis.iowa.gov
Rep. Kenan Judge (D) · kenan.judge@legis.iowa.gov

Lobbying · 4 for, 3 against

For: City of Bettendorf; MidAmerican Energy Company; Professional Developers of Iowa (PDI); Travel Federation of Iowa

Against: Food & Water Watch; Iowa Chapter of Sierra Club; Iowa Citizens for Community Improvement Action Fund

In plain words

February 10, 2021Filed in the House and sent to the Economic Growth committee
February 10, 2021House subcommittee named: Brink, Ingels and Judge