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

SF 2236: Relating to the treasurer of state’s duties, including Iowa educational savings plan trust and Iowa ABLE savings plan trust requirements and disposition of unclaimed property, and including effective date and retroactive applicability provisions

Died when the session ended · The General Assembly adjourned on April 19, 2024. Bills that didn’t pass both chambers died.

What it does

This bill relates the treasurer of state’s duties, including Iowa educational savings plan trust requirements and disposition of unclaimed property. DIVISION I —— IOWA EDUCATIONAL SAVINGS PLAN TRUST. The bill increases the maximum contribution to a beneficiary’s 529 account that may be deducted for income tax purposes to $5,500 per year. The maximum deduction for tax year 2023 is $3,785. Additionally, under current law the maximum deduction is adjusted annually to reflect increases in the consumer price index.

Sponsors

State Government committee

Cost

See the fiscal note

Increasing the maximum contribution to a 529 college savings account or Iowa ABLE savings account to $5,500 is estimated to reduce income tax revenue to the General Fund and local income surtax.

Senate subcommittee · named February 13, 2024

  • Sen. Adrian Dickey (R) · adrian.dickey@legis.iowa.gov
  • Sen. David D. Rowley (R) · david.rowley@legis.iowa.gov
  • Sen. Cindy Winckler (D) · cindy.winckler@legis.iowa.gov

Lobbying · 13 for, 1 against

For: Exceptional Persons, Inc.; Imagine the Possibilities; Iowa Developmental Disabilities Council; Iowa State Treasurer's Office; Iowa Student Loan Liquidity Corp.; Iowa Taxpayers Association; Mosaic; National Association of Insurance and Financial Advisors-Iowa; National Federation of Independent Business (NFIB /IA); Nishna Productions Inc.; One Vision; Village Northwest Unlimited; and 1 more

Against: Iowa Bankers Association

In plain words

  1. February 7, 2024Filed in the Senate
  2. February 7, 2024Approved by the Senate committee
  3. February 8, 2024Sent to the Senate Ways and Means committee
  4. February 13, 2024Senate subcommittee named: Dickey, Rowley and Winckler
  5. February 20, 2024Subcommittee recommended passing it

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/SF2236