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91st General Assembly · Funnel one-pager · Monday, November 9, 2026

HF 2240: Creating an endowment tax on the endowment value of certain Iowa colleges and universities, limiting charges relating to certain endowment funds, making appropriations to workforce grant and incentive programs, and making appropriations to supplement tuition grants for high-wage and high-demand jobs

Died when the session ended · The General Assembly adjourned on October 2, 2026. Bills that didn’t pass both chambers died.

What it does

This bill creates an endowment tax on the endowment value of certain Iowa colleges and universities, limits charges relating to certain endowment funds, makes appropriations to workforce grant and incentive programs, and makes appropriations to supplemental tuition grants for high-wage and high-demand jobs. The bill shall be known as the “Tax the Endowments Act”.1 percent. The bill specifies the department of revenue may adopt rules to administer the tax.183. The bill defines “endowment” to mean the unrestricted corpus of any fund or account held and administered by an educational institution or a related organization to the educational institution, the principal of which is intended to be preserved and invested for the purpose of generating income to support the educational institution’s operations, scholarships, research, or other institutional purposes.

Sponsors

Higher Education committee

Cost

No fiscal note

House subcommittee · named January 13, 2026

  • Rep. Taylor R. Collins (R) · taylor.collins@legis.iowa.gov
  • Rep. Timi M. Brown-Powers (D) · timi.brown-powers@legis.iowa.gov
  • Rep. Heather Hora (R) · heather.hora@legis.iowa.gov

Lobbying · 1 for, 2 against

For: Iowa Integrated Health Planning and Advisory Council

Against: Iowa Association of Independent Colleges and Universities; NAACP, National Association for the Advancement of Colored People, Iowa-Nebraska

In plain words

  1. January 13, 2026Filed in the House and sent to the Higher Education committee · as HSB 544
  2. January 13, 2026House subcommittee named: Collins, Brown-Powers and Hora · as HSB 544
  3. January 22, 2026Subcommittee recommended passing it · as HSB 544
  4. January 28, 2026Approved by the House committee · as HSB 544
  5. January 28, 2026Committee vote: 6–4 · as HSB 544
  6. January 30, 2026Filed in the House and sent to the Ways and Means committee
  7. January 30, 2026Approved by the House committee, and given a new number: HF 2240 · as HSB 544

From public records at legis.iowa.gov, compiled by Funnel (iowafunnel.com), an independent, nonpartisan site. Current as of Monday, November 9, 2026. https://iowafunnel.com/bills/91/HF2240