Relating to the maximum annual gross income for an enterprise to qualify as a targeted small business

Where it is now

1. ✓
   Done: IntroducedJanuary 23, 2025
2. ✓
   Done: SubcommitteeFebruary 6, 2025
3. ✓
   Done: House committeeMarch 5, 2025
4. ✓
   Done: Passes the HouseMarch 25, 202596–1
5. Next: Senate committeeFunnel: by March 20, 2026
6. Next: Passes the Senate
7. Next: To the Governor
8. Next: Signed into law

Became HF 872 → Its progress continues under the new number. Go to HF 872 What’s a funnel?

What’s in it

This bill relates to the maximum annual gross income for an enterprise to qualify as a targeted small business. Under the bill, an enterprise must have an annual gross income of less than $200 million to qualify as a targeted small business. Under current law, the maximum is $4 million.

From the explanation printed with the bill as introduced, written by the Legislative Services Agency. Changed since by amendment H-1153; see Amendments. Full bill text

House subcommittee

Named February 6, 2025. On February 11, 2025 it recommended passage.

• Rep. Ray Sorensen REmail
• Rep. Austin Baeth DEmail
• Rep. Travis M. Sitzmann 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

Iowa Code it changes

Amends§15.102

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.