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

HSB 23: HSB 23

Became HF 641 · Its progress continues under the new number.

What it does

_____ This bill relates to the economic development authority, including certain tax credit programs, the Iowa wine, beer, and spirits promotion board, and the beer and liquor control fund. The bill is divided into two divisions. DIVISION I —— TAX CREDITS. Under current law, the economic development authority (authority) is required to allocate $2 million in tax credits (credits) for investments in qualifying businesses and allocate $8 million in credits for investments in an innovation fund. This division of the bill requires the authority to allocate an aggregate amount of credits that is not more than $10 million for both programs.

Sponsors

Not listed

Cost

See the fiscal note

The initial impact of the RCTPC program to the General Fund under Division I is projected to occur by FY 2027. The revenue reductions in the first four years, FY 2028 to FY 2031, are a result of the new awards and additional companies participating in the RCTP…

House subcommittee · named January 12, 2023

  • Rep. Shannon Latham (R) · shannon.latham@legis.iowa.gov
  • Rep. Thomas D. Gerhold (R) · thomas.gerhold@legis.iowa.gov
  • Rep. J.D. Scholten (D) · j.d.scholten@legis.iowa.gov

Lobbying · 16 for, 0 against

For: Cedar Rapids Metro Economic Alliance; Council Bluffs Chamber of Commerce; Distilled Spirits Council of the United States; Dubuque Area Chamber of Commerce; Greater Des Moines Partnership; Iowa Association of Business and Industry (ABI); Iowa Biotechnology Association; Iowa Business Council; Iowa Chamber Alliance; Iowa Distillers Alliance; Iowa Economic Development Authority; Iowa Finance Authority; and 4 more

In plain words

  1. January 12, 2023Filed in the House and sent to the Economic Growth and Technology committee
  2. January 12, 2023House subcommittee named: Latham, Gerhold and Scholten
  3. January 26, 2023Subcommittee recommended passing it
  4. March 2, 2023Approved by the House committee
  5. March 7, 2023Approved by the House committee, and given a new number: HF 641

From public records at legis.iowa.gov, compiled by Iowa Funnel (iowafunnel.com), an independent, nonpartisan site. Current as of Monday, November 9, 2026. https://iowafunnel.com/bills/90/HSB23