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

HF 2705: Relating to state and local finances by modifying individual and alternate income tax rates, withholding credits, franchise tax deductions, methodologies for determining property taxes, and property tax assessment limitations, changing methods of determining compensation of county officials, making contingent transfers from the taxpayer relief fund, and making corrections, and including effective date and applicability provisions

Died when the session ended · The 2024 session adjourned on April 19, 2024, the General Assembly’s last regular session. Bills that didn’t pass both chambers died.

What it does

This bill modifies the individual and alternate income tax rates, withholding credits, franchise tax deductions, adjustments to city and county tax levy rates, and property tax assessment limitations and procedures, changes methods of determining compensation of county officials, makes contingent transfers from the taxpayer relief fund, and makes corrections. DIVISION I —— INDIVIDUAL AND ALTERNATE INCOME TAX RATES BEGINNING IN TAX YEAR 2025.80 percent.30 percent.5(2) and (3), and is used to calculate income tax owed.

Sponsors

Ways and Means committee

Cost

Minimal

Division V is not expected to have a fiscal impact. Division VI — County and City Tax Levy Rate Adjustments Description and Background Division VI makes changes to the limits on county and city property tax rates established in 2023 Iowa Acts, House File 718.

House subcommittee · named April 18, 2024

  • Rep. Bobby Kaufmann (R) · bobby.kaufmann@legis.iowa.gov
  • Rep. Brooke Boden (R) · brooke.boden@legis.iowa.gov
  • Rep. David Jacoby (D) · david.jacoby@legis.iowa.gov

Lobbying · 4 for, 1 against

For: Americans For Prosperity; Iowa State Treasurer's Office; Iowa Taxpayers Association; TC Energy

Against: Iowa State Education Association

In plain words

  1. April 18, 2024Filed in the House and sent to the Ways and Means committee · as HSB 752
  2. April 18, 2024Filed in the House
  3. April 18, 2024House subcommittee named: Kaufmann, Boden and Jacoby · as HSB 752
  4. April 18, 2024Approved by the House committee · as HSB 752
  5. April 18, 2024Approved by the House committee, and given a new number: HF 2705 · as HSB 752
  6. April 19, 2024Cost estimate (fiscal note) posted
  7. April 19, 2024Withdrawn

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/HF2705