SF 609: Relating to the administration and implementation of state taxation matters and credits, including economic development and energy tax incentives and programs, and future tax contingencies, making appropriations, and including effective date provisions

What it does

This bill relates to the administration and implementation of state taxation matters and credits, including economic development and energy tax incentives and programs, and future tax contingencies. The bill is divided into divisions. DIVISION I —— HIGH QUALITY JOBS AND RENEWABLE CHEMICAL PRODUCTION TAX CREDITS. Division I reduces the maximum amount of tax credits that the economic development authority (authority) may allocate to the high quality jobs program for the fiscal year beginning July 1, 2021, and for each fiscal year thereafter, from $105 million to $70 million.

Senate subcommittee · named January 19, 2022

• Sen. Dan Dawson (R) · dan.dawson@legis.iowa.gov
• Sen. Tim Goodwin (R)
• Sen. Janet Petersen (D) · janet.petersen@legis.iowa.gov

Lobbying · 15 for, 0 against

For: Americans For Prosperity; City of Des Moines; Council Bluffs Chamber of Commerce; Greater Iowa Apartment Association; Habitat for Humanity of Iowa; Iowa Association of Electric Cooperatives; Iowa Association of Municipal Utilities; Iowa Business Council; Iowa Chamber Alliance; Iowa Credit Union League; Iowa Housing Partnership; Iowa Restaurant Association; and 3 more

In plain words

1. April 20, 2021Filed in the Senate and sent to the Ways and Means committee · as SSB 1269
2. April 20, 2021Senate subcommittee named: Dawson, Green, Taylor and T · as SSB 1269
3. April 21, 2021Approved by the Senate committee, and given a new number: SF 609 · as SSB 1269
4. April 22, 2021Filed in the Senate
5. April 22, 2021Approved by the Senate committee
6. April 26, 2021Cost estimate (fiscal note) posted
7. June 22, 2021Sent to the Senate Ways and Means committee
8. January 19, 2022Senate subcommittee named: Dawson, Goodwin and Petersen