Bills › 91st General Assembly
Creating the foundation property tax reduction fund, and making appropriations and related transfers to the fund
Where it is now
- Done: IntroducedMarch 5, 2025
- Done: SubcommitteeMarch 5, 2025
- Stopped: House committeeDied when the General Assembly ended
- 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 General Assembly adjourned on October 2, 2026. Bills that didn’t pass both chambers died. What’s a funnel?
What’s in it
This bill creates a foundation property tax reduction fund (fund) in the state treasury under the authority of the department of management (DOM). The fund shall consist of any appropriations made to the fund, and moneys transferred from other funds including transfers of interest or earnings from the Iowa economic emergency fund, the cash reserve fund, the taxpayer relief fund, and the general fund of the state.3(1)(a).40) with citations to the appropriate provision of the Code section establishing the foundation property tax rate.
Read the full explanation
_____ general fund of the state and shall not be considered part of the general fund of the state except in determining the cash position of the state for payment of state obligations. The moneys in the fund at the close of the fiscal year do not revert and remain available for the purpose described in the bill. Interest or earnings on investments in the fund also do not revert to the general fund. Moneys in the fund may be used for cash flow purposes, provided that any moneys are returned to the fund by the end of each fiscal year.
From the explanation printed with the bill as introduced, written by the Legislative Services Agency. Amendments adopted later aren’t reflected. Full bill text
House subcommittee
Named March 5, 2025. It hasn’t reported yet.
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
Creates§257.3A
Amends§12C.7§257.3§425A.3§425A.5§426.3§426.6§8.55§8.56§8.57E
Read from the bill as introduced. Each links to every bill touching that chapter of the Iowa Code. How the Code works
Lobbying
1 for · 0 against · 10 undecided · Who →