Sign in

Back to the bill

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

SF 575: Relating to the economic development authority, including renewable chemical production, workforce housing, and innovation fund tax credits, the Iowa wine, beer, and spirits promotion board, and the beer and liquor control fund, and including applicability provisions

Signed into law

What it does

This bill relates to the economic development authority, including renewable chemical production, workforce housing, and innovation fund tax credits, 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. The bill extends the future repeal date for the renewable chemical production tax credit program (chemical program) from July 1, 2030, to July 1, 2039. The bill also extends the availability of the chemical program credit for any renewable chemical produced prior to the end of calendar year 2035, rather than the end of calendar year 2026.

Sponsors

Ways and Means (successor To Ssb 1087) committee

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…

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. April 24, 2023Approved by the Senate committee
  2. April 26, 2023Cost estimate (fiscal note) posted
  3. April 27, 2023Passed the Senate, 47–1
  4. May 1, 2023Took the place of HF 679 on the House floor (the same legislation)
  5. May 1, 2023Passed the House, 94–0
  6. May 3, 2023Passed the Senate, 47–0
  7. May 11, 2023Sent to the Governor
  8. May 16, 2023Cost estimate (fiscal note) posted
  9. June 1, 2023Signed into law

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/SF575