89th General Assembly · Iowa Funnel one-pager · Tuesday, November 10, 2026

SSB 1250: SSB 1250

Became SF 576 · Its progress continues under the new number.

What it does

This bill authorizes future tax contingencies and proportionally reduces over a three-year period the rates of tax applicable to the state inheritance tax, beginning with estates of decedents dying on or after January 1, 2021, and repeals the state inheritance tax beginning with estates of decedents dying on or after January 1, 2024. DIVISION I —— FUTURE TAX CHANGES. The bill amends 2018 Iowa Acts, chapter 1161, section 133 (trigger), by striking the two conditions necessary for the trigger to occur, and specifies the provisions in 2018 Iowa Acts, chapter 1161, sections 99-132, take effect January 1, 2023.

Cost

See the fiscal note

The repeal of the contingent income tax system triggers and the phaseout of the Iowa inheritance tax are projected to reduce General Fund revenue by the annual amounts listed below. The revenue reduction will continue past FY 2027 at a similar level to FY 2027…

Senate subcommittee · named March 8, 2021

Sen. Dan Dawson (R) · dan.dawson@legis.iowa.gov
Sen. Pam Jochum (D)
Sen. Amy Sinclair (R) · amy.sinclair@legis.iowa.gov

Lobbying · 13 for, 3 against

For: Americans For Prosperity; Council Bluffs Chamber of Commerce; Iowa Association of Business and Industry (ABI); Iowa Bankers Association; Iowa Business Council; Iowa Chamber Alliance; Iowa Farm Bureau Federation; Iowa State Bar Association; Iowa Taxpayers Association; Iowans for Tax Relief; National Federation of Independent Business (NFIB /IA); Personal Interest -Bill Gustoff; and 1 more

Against: AFSCME Iowa Council 61; Common Good Iowa; Iowa Federation of Labor, AFL-CIO

In plain words

March 8, 2021Filed in the Senate and sent to the Ways and Means committee
March 8, 2021Senate subcommittee named: Dawson, Jochum and Sinclair
March 10, 2021Approved by the Senate committee, and given a new number: SF 576