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

SF 574: Relating to programs administered by the economic development authority by establishing the economic growth attraction program, modifying the certified site and high-quality jobs programs, making appropriations, providing penalties, and including effective date provisions

Signed into law

What it does

This bill establishes a major economic growth attraction program (program) to be administered by the economic development authority (authority). To be eligible to receive tax incentives (incentives) under the program, a business’s proposed project (project) must be located on a certified site greater than 250 acres that the authority has determined is suitable for the project, and the business’s qualifying investment in the project must exceed $1 billion. Other requirements for a business to be eligible for the program are detailed in the bill.

Cost

Can’t be estimated

9 million per project per year in FY 2032 when fully phased in. The fiscal impact of the property tax exemption will be borne by the local government authority and is unknown. Figure 2 shows the estimated fiscal impact of the Program for one project over the f…

House subcommittee · named January 24, 2024

Rep. Bobby Kaufmann (R) · bobby.kaufmann@legis.iowa.gov
Rep. Jane Bloomingdale (R) · jane.bloomingdale@legis.iowa.gov
Rep. Charles Isenhart (D)

Lobbying · 21 for, 1 against

For: Alliant Energy Corporation; Ames Regional Economic Alliance; BNSF Railway Co.; Cargill; City of Waukee; Greater Des Moines Partnership; Greater Fort Dodge Growth Alliance; Grow Clinton County; ITC Midwest; Iowa Association of Business and Industry (ABI); Iowa Biotechnology Association; Iowa Central Community College; and 9 more

Against: Iowa Farmers Union

In plain words

April 24, 2023Filed in the Senate
April 24, 2023Approved by the Senate committee
April 25, 2023Cost estimate (fiscal note) posted
May 3, 2023Passed the Senate, 45–2
May 3, 2023Arrived in the House
May 3, 2023House subcommittee named: Kaufmann, Isenhart and Lundgren
May 3, 2023Subcommittee recommended passing it
May 3, 2023Approved by the House committee
January 24, 2024House subcommittee named: Kaufmann, Bloomingdale and Isenhart
February 6, 2024Subcommittee recommended passing it with changes
February 21, 2024Approved by the House committee
March 6, 2024Passed the House, 89–4
March 14, 2024Cost estimate (fiscal note) posted
April 16, 2024Passed the Senate, 47–0
April 26, 2024Cost estimate (fiscal note) posted
April 29, 2024Sent to the Governor
May 1, 2024Signed into law