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

HF 2799: Relating to matters under the purview of the economic development authority, the utilities commission, and the department of education, including creation of the headquarters expansion and development for growth and employment program, and the business incentives for growth program training fund; repeal of the new jobs tax credit program; the major economic growth attraction program; load forecasting and analysis of electric transmission system expansion plans; creation of the electric transmission system expansion planning and analysis and load forecasting fund; the industrial new jobs training program; and establishing the new jobs training program interim study committee; and including effective date provisions

Signed into law

What it does

This bill relates to economic development authority programs and tax credits; load forecasting and the state electric transmission system expansion plans; and the industrial new jobs training program. DIVISION I —— HEADQUARTERS EXPANSION AND DEVELOPMENT FOR GROWTH AND EMPLOYMENT PROGRAM. The bill creates a headquarters expansion and development for growth and employment program (EDGE program) to provide tax incentives to eligible businesses. The qualifications for an eligible business, and the factors the economic development authority (authority) shall consider in determining if a business is eligible to participate in the EDGE program are provided in the bill.

Sponsors

Ways and Means committee

Cost

See the fiscal note

1 million Division II — Major Economic Growth Attraction Program Description Division II of the Bill extends the end date of the Major Economic Growth Attraction (MEGA) Program from January 1, 2027, to January 1, 2030. 000 billion in the State. The business mu…

House subcommittee · named February 25, 2026

  • Rep. Shannon Lundgren (R) · shannon.lundgren@legis.iowa.gov
  • Rep. Christian A. Hermanson (R) · christian.hermanson@legis.iowa.gov
  • Rep. Elizabeth Wilson (D) · elizabeth.wilson@legis.iowa.gov

Lobbying · 11 for, 6 against

For: AARP Iowa; AMVC Management Services; Cargill; Iowa Business Energy Coalition (IBEC); Iowa Business for Clean Energy; Iowa Economic Alliance; Iowa Economic Development Authority; Iowa Finance Authority; Iowa Workforce Development; National Federation of Independent Business (NFIB /IA); Wellmark, Inc.

Against: Iowa Association of Community College Trustees; Iowa Association of Electric Cooperatives; Iowa Association of Municipal Utilities; Iowa Central Community College; Magna Servies of America, Inc.; Missouri River Energy Services

In plain words

  1. February 25, 2026Filed in the House and sent to the Ways and Means committee · as HSB 755
  2. February 25, 2026House subcommittee named: Lundgren, Hermanson and Wilson · as HSB 755
  3. March 4, 2026Subcommittee recommended passing it · as HSB 755
  4. May 1, 2026Approved by the House committee · as HSB 755
  5. May 1, 2026Committee vote: 19–5 · as HSB 755
  6. May 2, 2026Filed in the House
  7. May 2, 2026Cost estimate (fiscal note) posted
  8. May 2, 2026Passed the House, 78–7
  9. May 2, 2026Approved by the House committee, and given a new number: HF 2799 · as HSB 755
  10. May 3, 2026Arrived in the Senate
  11. May 3, 2026Took the place of SF 2506 on the Senate floor (the same legislation)
  12. May 3, 2026Passed the Senate, 41–0
  13. May 13, 2026Sent to the Governor
  14. May 19, 2026Cost estimate (fiscal note) posted
  15. June 2, 2026Signed into law

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/HF2799