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

HF 703: Relating to the Hoover presidential library tax credit available against the individual and corporate income taxes, the franchise tax, the insurance premiums tax, and the moneys and credits tax

Signed into law

What it does

This bill relates to the Hoover presidential library tax credit available against the individual and corporate income taxes, the franchise tax, the insurance premiums tax, and the moneys and credits tax. Currently, the tax credit applies to tax years beginning on or after January 1, 2021, but before January 1, 2024. The bill extends the tax years a taxpayer is able to take the tax credit by one tax year. Under the bill, a taxpayer is able to take the tax credit through tax years beginning before January 1, 2025.

Sponsors

Ways and Means committee

Cost

Less revenue: up to $560,000

Extending the tax credit award deadline will allow credits to be awarded that will not be available without a law change that extends the availability of the tax credits. The tax credit extension is projected to reduce General Fund revenue by the following amo…

Senate subcommittee · named April 20, 2023

  • Sen. Brad Zaun (R)
  • Sen. Dan Dawson (R) · dan.dawson@legis.iowa.gov
  • Sen. Pam Jochum (D)

Lobbying · 1 for, 0 against

For: Sukup Manufacturing

In plain words

  1. February 1, 2023Filed in the House and sent to the Ways and Means committee · as HSB 123
  2. February 1, 2023House subcommittee named: Kaufmann, Harris and Jacoby · as HSB 123
  3. April 4, 2023Subcommittee recommended passing it · as HSB 123
  4. April 5, 2023Approved by the House committee · as HSB 123
  5. April 10, 2023Filed in the House
  6. April 10, 2023Approved by the House committee, and given a new number: HF 703 · as HSB 123
  7. April 11, 2023Cost estimate (fiscal note) posted
  8. April 19, 2023Passed the House, 95–0
  9. April 19, 2023Arrived in the Senate
  10. April 20, 2023Senate subcommittee named: Zaun, Dawson and Jochum
  11. April 24, 2023Subcommittee recommended passing it
  12. April 25, 2023Approved by the Senate committee
  13. May 3, 2023Passed the Senate, 48–0
  14. May 9, 2023Sent to the Governor
  15. May 12, 2023Cost estimate (fiscal note) posted
  16. June 1, 2023Signed into law

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/HF703