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

SSB 1162: SSB 1162

Became SF 574 · Its progress continues under the new number.

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.

Sponsors

Not listed

Cost

See the fiscal note

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…

Senate subcommittee · named March 9, 2023

  • Sen. Dan Dawson (R) · dan.dawson@legis.iowa.gov
  • Sen. William A. Dotzler Jr. (D) · bill.dotzler@legis.iowa.gov
  • Sen. Dawn Driscoll (R) · dawn.driscoll@legis.iowa.gov
  • Sen. Carrie Koelker (R) · carrie.koelker@legis.iowa.gov
  • Sen. Herman C. Quirmbach (D) · herman.quirmbach@legis.iowa.gov

Lobbying · 26 for, 1 against

For: Alliant Energy Corporation; Ames Regional Economic Alliance; BNSF Railway Co.; Cargill; Cedar Rapids Metro Economic Alliance; City of Waukee; Council Bluffs Chamber of Commerce; Greater Des Moines Partnership; Greater Fort Dodge Growth Alliance; Grow Clinton County; ITC Midwest; Iowa Association of Business and Industry (ABI); and 14 more

Against: Iowa Farmers Union

In plain words

  1. February 15, 2023Filed in the Senate and sent to the Ways and Means committee
  2. February 15, 2023Senate subcommittee named: Dawson, Dotzler, Driscoll, Koelker and Quirmbach
  3. March 22, 2023Subcommittee recommended passing it
  4. April 24, 2023Approved by the Senate committee, and given a new number: SF 574

From public records at legis.iowa.gov, compiled by Iowa Funnel (iowafunnel.com), an independent, nonpartisan site. Current as of Monday, November 9, 2026. https://iowafunnel.com/bills/90/SSB1162