Bills › 91st General Assembly
Modifying public improvements relating to housing and residential development in urban renewal areas, and including effective date and applicability provisions
Sponsored by Rep. Bobby Kaufmann (R), Rep. David Sieck (R), Rep. Brent Siegrist (R), Rep. Josh Turek (D)
Topics:Taxes
Where it is now
- Done: IntroducedFebruary 26, 2025
- Done: SubcommitteeMarch 18, 2025
- Done: House committeeApril 23, 2025
- Done: Passes the HouseMay 12, 202590–0
- Skipped: Senate committeeSkipped
- Done: Passes the SenateMay 13, 202545–0
- Next: To the Governor
- Next: Signed into law
Became HF 1037 → Its progress continues under the new number. Go to HF 1037 What’s a funnel?
What’s in it
Under current law, any urban renewal area established upon the determination that the area is an economic development area, a division of revenue (tax increment financing) shall not be allowed for the purpose of providing or aiding in the provision of public improvements related to housing and residential development, unless the municipality assures that the project will include assistance for low and moderate income family housing. This bill expands assistance to low and moderate income family housing by specifying that in a city with a population of more than 15,000, for projects in an urban renewal area containing property that has been located entirely within the corporate limits of a city for or more years, the low and moderate income family housing assistance for such projects shall not be less than an amount equal to percent of the original project cost instead of the current law minimum of percent.
Read the full explanation
The bill also extends the division of the revenue for such projects to tax collections for fiscal years instead of the current law maximum of years.353 (workforce housing). The bill also modifies the defined term “low or moderate income families” in Code chapter 403 to “low and moderate income families” to align with the terminology usage within the Code chapter. The bill takes effect upon enactment and applies to revenues divided for projects approved on or after the effective date of the bill.
From the explanation printed with the bill as introduced, written by the Legislative Services Agency. Changed since by amendments S-3174, S-3173; see Amendments. Full bill text
House subcommittee
Named March 26, 2025. On April 3, 2025 it recommended passage.
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
The fiscal impacts of Division I of the Bill as amended are unknown. This Division would not impact any TIF agreements currently in use, and the LSA is unable to estimate how the expanded definitions would impact projects in future years. 19. The excluded levy must instead be collected and paid to the school district like all other general property taxes.
- Urban Renewal, Low and Moderate Income Housing · May 14, 2025
- Urban Renewal · May 12, 2025
Nonpartisan cost estimates from the Legislative Services Agency’s Fiscal Services Division. The newest is first. Reading a fiscal note
Iowa Code it changes
Read from the bill as introduced. Each links to every bill touching that chapter of the Iowa Code. How the Code works
Lobbying
10 for · 7 against · 36 undecided · Who →
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.
Study bill
Earlier and later bills are matched by wording or an identical title; check the text to be sure it’s the same idea.