Relating to matters under the purview of the Iowa economic development authority and the department of workforce development, including tax credit limits, the major economic growth attraction program, layoffs and facility closures, the brownfield redevelopment fund, and the Iowa economic emergency fund; creation of the business incentives for growth program, the seed investor tax credit program, the Iowa film production incentive program, the research and development tax credit program, and the sustainable aviation fuel production tax credit program; elimination of the high quality jobs program, the investments in qualifying businesses tax credit, employer child care tax credits, assistive device tax credits, endow Iowa tax credits, and research activities tax credits; and including effective date provisions and criminal penalties

Where it is now

1. ✓
   Done: IntroducedMarch 6, 2025
2. ✓
   Done: SubcommitteeMarch 6, 2025
3. ✓
   Done: House committeeMay 12, 2025
4. ✓
   Done: Passes the HouseMay 14, 202584–3
5. –
   Skipped: Senate committeeSkipped
6. ✓
   Done: Passes the SenateMay 13, 202544–1
7. ✓
   Done: To the GovernorMay 23, 2025
8. ✓
   Done: Signed into lawJune 6, 2025

SF 657 became law → The same legislation passed as SF 657, so this version was set aside. Go to SF 657 What’s a funnel?

House subcommittee

Named March 6, 2025 (as HSB 305). On March 27, 2025 it recommended passage.

• Rep. Bobby Kaufmann REmail
• Rep. Larry McBurney DEmail
• Rep. Carter F. Nordman REmail
• Rep. Elizabeth Wilson DEmail
• Rep. Derek Wulf REmail

Three legislators hear a bill first and recommend what the committee should do; it’s the best time to weigh in. How to take part

Fiscal note

Cost: up to $7,000 Compare with other bills

3 million The increase in investment tax credits is projected to decrease the statewide local option income surtax for schools by the following amounts: • FY 2026 = $3,000 • FY 2027 = $7,000 4 • FY 2028 = $5,000 • FY 2029 = $2,000 Division III — Business Incentives for Growth (BIG) Program Description Division III of the Bill: • Creates the BIG Program administered by the IEDA, with awards not authorized before January 1, 2026, to provide tax incentives to an eligible business that is primarily engaged in advanced manufacturing, bioscience, insurance and finance, or technology and innovation.

• Final Fiscal Note — Economic Development Programs and Credits · June 6, 2025 · $7,000
• Economic Development Programs and Credits · May 14, 2025 · $7,000
• Economic Development Programs and Credits · May 13, 2025 · $7,000
• Economic Development Programs and Credits · May 13, 2025 · $15,000

Nonpartisan cost estimates from the Legislative Services Agency’s Fiscal Services Division. The newest is first. Reading a fiscal note

Iowa Code it changes

Creates§15.111§15.502§15.503§15.504§15.505§15.506§15.507§15.508§15.509§15.510§15.511§15.517§15.520§15.521§15.522§15.523§15.524§15.525§15.526§15.530§15.531§15.532§15.533§15.534§15.535§15E.25§15E.26§15E.27§15E.28§15E.29§422.10C§422.12Q

Amends§15.106B§15.119§15.293A§15.293B§15.317§15.318§15.354§15.355§15.494§15.499§159A.6B§15E.303§15E.305§15E.311§15E.351§15E.362§15E.52§15H.5§2.48§237A.31§422.10§422.11F§422.12O§422.33§422.60§427B.17§432.12C§432.12O§455B.104§533.329§8G.3

Cites§15.330§15.330A§15.333§15.335§15E.191§15E.193B§15E.197§15E.198§15E.43§15E.45

Read from the bill as introduced. Each links to every bill touching that chapter of the Iowa Code. How the Code works

Family tree

Where this legislation came from and where it went: earlier tries, the versions it moved through this Assembly, and later bills built on it.

Earlier and later bills are matched by wording or an identical title; check the text to be sure it’s the same idea.