Establishing the major economic growth attraction program to be administered by the economic development authority, and providing penalties

Amendments · 8

2 adopted · 3 failed · 1 never voted on. Newest first.

• S-5057 · filed March 7, 2024 by

  AI summary This amendment renames the new program to the Major Economic Growth Attraction Program and updates the start year to 2024. It adds definitions for agricultural land, foreign adversaries, and foreign adversary entities, and establishes new rules for when a foreign business can be exempt from agricultural land restrictions. It also requires the authority to adopt emergency rules to implement these changes and makes the division effective immediately upon enactment. Its wording →
  Never voted on
• H-8151 · filed March 5, 2024 by

  AI summary This amendment adds a rule that a business must be listed in a specific federal regulation at some point between March 4, 2024, and the end of the program to qualify. Its wording →
  Adopted
  March 6, 2024
• H-8109 · filed February 28, 2024 by

  AI summary This amendment adds specific requirements for contractors and subcontractors providing construction services for these projects. To meet these requirements, they must use employees from registered apprenticeship programs, pay at least 140 percent of the qualifying wage threshold, provide comprehensive benefits, maintain a strong safety record, and use many materials from Iowa suppliers. Its wording →
  Failed
  33–60
  March 6, 2024
• H-8104 · filed February 28, 2024 by

  AI summary This amendment adds a rule that businesses must not have child labor violations within five years of a project's completion to remain eligible for tax incentives. If a business or its contractors commit a child labor violation during construction or within five years after completion, the state will end the agreement and require the business to pay back any tax incentives received. Its wording →
  Failed
  33–59
  March 6, 2024
• H-8098 · filed February 28, 2024 by

  AI summary This amendment adds labor and employment to the list of areas being considered. It also adds a rule that businesses must not have a pattern of intentional, criminal, or reckless violations of laws or regulations and must not affect worker rights. Its wording →
  Failed
  33–60
  March 6, 2024
• H-8097 · filed February 28, 2024 by

  AI summary This amendment removes a specific section of the bill and changes the date for when certain land holdings can occur from 2026 to 2027. Its wording →
  Withdrawn
  March 6, 2024
• H-8047 · filed February 26, 2024 by the House Ways Committee

  AI summary This amendment renames the new program to the Major Economic Growth Attraction Program and updates several legal code references. It adds definitions for agricultural land, foreign adversary, and foreign adversary entity, and establishes new rules for when a foreign business may be exempt from agricultural land restrictions. Its wording →
  Adopted
  March 6, 2024
• H-1368 · filed May 4, 2023 by

  AI summary This amendment adds a requirement for businesses in the new economic growth program to provide cash or securities as security for any tax incentives received. It also prohibits state university employees from wearing Nike products while representing their institution and imposes a 30 percent tax on products or services from China or other designated repressive countries. Additionally, it bans the government of China and certain Chinese-owned businesses from owning real property in Iowa. Its wording →
  Withdrawn
  March 6, 2024