90th General Assembly · Iowa Funnel one-pager · Tuesday, November 10, 2026
HSB 123: HSB 123
Became HF 703 · Its progress continues under the new number.
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
Not listed
Cost
See the fiscal note
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…
House subcommittee · named February 1, 2023
- Rep. Bobby Kaufmann (R) · bobby.kaufmann@legis.iowa.gov
- Rep. Austin Harris (R) · austin.harris@legis.iowa.gov
- Rep. David Jacoby (D) · david.jacoby@legis.iowa.gov
Lobbying · 1 for, 0 against
For: Sukup Manufacturing
In plain words
- February 1, 2023Filed in the House and sent to the Ways and Means committee
- February 1, 2023House subcommittee named: Kaufmann, Harris and Jacoby
- April 4, 2023Subcommittee recommended passing it
- April 5, 2023Approved by the House committee
- April 10, 2023Approved by the House committee, and given a new number: HF 703
From public records at legis.iowa.gov, compiled by Iowa Funnel (iowafunnel.com), an independent, nonpartisan site. Current as of Tuesday, November 10, 2026. https://iowafunnel.com/bills/90/HSB123