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

SF 408: Relating 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, and including applicability provisions

Became SF 575 · 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

Commerce committee

Cost

Can’t be estimated

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…

Senate subcommittee · named March 13, 2023

  • Sen. Dan Dawson (R) · dan.dawson@legis.iowa.gov
  • Sen. Pam Jochum (D)
  • Sen. Carrie Koelker (R) · carrie.koelker@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. February 23, 2023Filed in the Senate
  2. February 23, 2023Approved by the Senate committee
  3. February 27, 2023Sent to the Senate Ways and Means committee
  4. February 28, 2023Senate subcommittee named: Dawson, Koelker and Petersen
  5. March 7, 2023Cost estimate (fiscal note) posted
  6. March 13, 2023Senate subcommittee named: Dawson, Jochum and Koelker
  7. March 15, 2023Subcommittee recommended passing it
  8. April 7, 2023Cost estimate (fiscal note) posted
  9. April 24, 2023Approved by the Senate committee, and given a new number: SF 575

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/SF408