Sign in

Back to the bill

90th General Assembly · Funnel one-pager · Monday, November 9, 2026

HF 2218: Relating to the maximum amount of workforce housing tax incentives available against the individual and corporate income taxes, the franchise tax, the insurance premiums tax, and the moneys and credits tax

Became HF 2420 · Its progress continues under the new number.

What it does

Currently, certain economic development tax credit amounts are capped at $170 million in the aggregate per fiscal year under Code section 15.119. In allocating the tax credits pursuant to Code section 15.119, the workforce housing tax incentive program limit is $35 million in most instances, and of that amount, $17.5 million is reserved for projects in small cities. This bill increases the workforce housing tax incentive program maximum from $35 million to $50 million, and increases the allocation reserved for projects in small cities from $17.5 million to $25 million.

Sponsors

Not listed

Cost

See the fiscal note

The proposed increase in the maximum amount of the Workforce Housing Tax Credit is projected to decrease net General Fund revenue by the following amounts: • FY 2025 = $4.4 million • FY 2026 = $9.5 million • FY 2027 = $11.6 million • FY 2028 = $11.9 million • …

House subcommittee · named February 5, 2024

  • Rep. Ray Sorensen (R) · ray.sorensen@legis.iowa.gov
  • Rep. Shannon Latham (R) · shannon.latham@legis.iowa.gov
  • Rep. Elizabeth Wilson (D) · elizabeth.wilson@legis.iowa.gov

Lobbying · 14 for, 0 against

For: AARP Iowa; City of Des Moines; City of Waukee; Greater Des Moines Habitat for Humanity; Greater Des Moines Partnership; Greater Iowa Apartment Association; Habitat for Humanity of Iowa; Iowa Association of Business and Industry (ABI); Iowa Association of Councils of Governments; Iowa Bankers Association; Iowa Business Council; Iowa Housing Partnership; and 2 more

In plain words

  1. January 30, 2024Filed in the House and sent to the Economic Growth and Technology committee
  2. February 5, 2024House subcommittee named: Sorensen, Latham and Wilson
  3. February 7, 2024Subcommittee recommended passing it
  4. February 7, 2024Approved by the House committee
  5. February 8, 2024Approved by the House committee, and given a new number: HF 2420

From public records at legis.iowa.gov, compiled by Funnel (iowafunnel.com), an independent, nonpartisan site. Current as of Monday, November 9, 2026. https://iowafunnel.com/bills/90/HF2218