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

SSB 1087: SSB 1087

Became SF 408 · 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.

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…

Senate subcommittee · named January 30, 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

January 25, 2023Filed in the Senate and sent to the Commerce committee
January 30, 2023Senate subcommittee named: Dawson, Jochum and Koelker
February 2, 2023Subcommittee recommended passing it
February 23, 2023Approved by the Senate committee, and given a new number: SF 408