Bills › 91st General Assembly
Relating to the maximum amount of workforce housing tax incentives available against the individual and corporate income taxes, the franchise tax, the insurance premiums tax, and the moneys and credits tax
Sponsored by Rep. Jacob Bossman (R)
Topics:Housing & propertyTaxesHousing supply & costsTax credits & incentives
Where it is now
- Done: IntroducedJanuary 22, 2025
- Stopped: SubcommitteeDied when the General Assembly ended
- Next: House committeeFunnel: by February 20, 2026
- Next: Passes the House
- Next: Senate committeeFunnel: by March 20, 2026
- Next: Passes the Senate
- Next: To the Governor
- Next: Signed into law
Died when the session ended The 2026 session adjourned on May 3, 2026, the General Assembly’s last regular session. Bills that didn’t pass both chambers died. What’s a funnel?
What’s in it
AI summary Iowa would increase the amount of money available for the workforce housing tax incentive program. The total limit for this program would go from $35 million to $50 million, with $25 million of that set aside specifically for projects in small cities.1
Read the official explanation
Currently, certain economic development tax credit amounts are capped at $170 million in the aggregate per fiscal year under Code section 15.119. In allocating the tax credits pursuant to Code section 15.119, the workforce housing tax incentive program limit is $35 million in most instances, and of that amount, $17.5 million is reserved for projects in small cities. This bill increases the workforce housing tax incentive program maximum from $35 million to $50 million, and increases the allocation reserved for projects in small cities from $17.5 million to $25 million.
Why it matters. Developers and businesses involved in workforce housing projects would have access to more tax credits. The maximum amount for the workforce housing tax incentive program would increase from $35 million to $50 million, with the portion reserved for small cities rising from $17.5 million to $25 million.2
Family tree
91st General Assembly
Earlier and later bills are matched by wording or an identical title.
Tried before
This idea has been filed in an earlier General Assembly. None got through a chamber.
- HF 2218 Relating to the maximum amount of workforce housing tax incentives available against the i…90th General Assembly · Renumbered as HF 2420 · same titleCleared committee
- HF 2420 Relating to the maximum amount of workforce housing tax incentives available against the i…90th General Assembly · Subcommittee recommends passage · same titleCleared committee
Similar bills this General Assembly
- HSB 129 Relating to the maximum amount of workforce housing tax incentives available against the i…91st General Assembly · Subcommittee recommends passageNearly identical
Matched by wording or an identical title.