90th General Assembly · Iowa Funnel one-pager · Tuesday, November 10, 2026
HSB 683: HSB 683
Became HF 2650 · Its progress continues under the new number.
What it does
Under federal law, a medical cannabidiol manufacturer and a medical cannabidiol dispensary are prohibited from taking business expense deductions by section 280E of the Internal Revenue Code. Currently, Iowa computes individual net income and corporate taxable income based upon federal income calculations, and therefore Iowa currently prohibits a medical cannabidiol manufacturer and a medical cannabidiol dispensary from taking business expense deductions as well because the deductions are not allowed at the federal level.
Sponsors
Not listed
Cost
See the fiscal note
The individual income tax rate changes in House File 2650 are projected to decrease State General Fund revenue by the following amounts: • FY 2025 = $900,000 • FY 2026 = $200,000 • FY 2027 = $200,000 • FY 2028 = $200,000 • FY 2029 = $200,000 • FY 2030 = $200,0…
House subcommittee · named February 8, 2024
- Rep. Austin Harris (R) · austin.harris@legis.iowa.gov
- Rep. John Forbes (D)
- Rep. Brent Siegrist (R) · brent.siegrist@legis.iowa.gov
Lobbying · 3 for, 0 against
For: Iowa Cannabis Company; Iowans for Medical Marijuana; MedPharm Iowa
In plain words
- February 8, 2024Filed in the House and sent to the Ways and Means committee
- February 8, 2024House subcommittee named: Harris, Forbes and Siegrist
- February 20, 2024Subcommittee recommended passing it
- March 6, 2024Approved by the House committee
- March 6, 2024Approved by the House committee, and given a new number: HF 2650
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/HSB683