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Bills › 91st General Assembly

Relating to matters under the purview of the Iowa economic development authority, including tax credit limits, targeted jobs tax credits, and the major economic growth attraction program; creation of the business incentives for growth program, the seed investor tax credit program, the Iowa film production incentive program, the research and development tax credit program, and the sustainable aviation fuel production tax credit program; elimination of the high quality jobs program, the investments in qualifying businesses tax credit, employer child care tax credits, assistive device tax credits, endow Iowa tax credits, and research activities tax credits; and including effective date provisions and criminal penalties

Proposed by the Economic Development Authority · all agency proposals

Topics:Business & economyState governmentTaxesChild careTax credits & incentives

Same legislation: SSB 1205, SF 657, HF 1054

Write your legislators about it

Also covers SSB 1205 and SF 657 and HF 1054.

What changed before it passed
Official bill pageLobbyist declarationsOne-pager to print

Where it is now

  1. Done: IntroducedMarch 6, 2025
  2. Done: SubcommitteeMarch 6, 2025
  3. Done: House committeeMay 12, 2025
  4. Skipped: Passes the HouseContinued as HF 1054
  5. Skipped: Senate committee
  6. Done: Passes the SenateMay 13, 2025
  7. Next: To the Governor
  8. Next: Signed into law

Became HF 1054 → Its progress continues under the new number. Go to HF 1054 What’s a funnel?

What changed before it passed The bill as introduced compared with the version both chambers passed.

Amendments · 3

2 adopted · 1 failed. Newest first.

  • H-1351 · filed May 14, 2025 by
    AI summary This amendment removes a specific section of the bill. It does not provide details on what that specific section contained.
    Failed
    29–58
    May 14, 2025
  • H-1350Strike everything · filed May 14, 2025 by
    AI summary This amendment replaces the entire bill with a new version that focuses on setting limits and rules for various economic development tax credit programs. It establishes a total annual tax credit limit of 170 million dollars and specifies how much money is allocated to different programs, such as workforce housing and research and development.
    Amends this HF 1054 to CONFORM to SF 657
    Adopted
    May 14, 2025
  • S-3175 · filed May 13, 2025 by Sen. Dan Dawson (R)
    AI summary This amendment makes several changes to the bill, including lowering certain funding amounts and adding new rules for how tax credits are allocated and scored. It defines new terms like "retained job" and "program support," clarifies how businesses can claim refunds or credits, and establishes specific rules for housing projects and rural counties. Additionally, it modifies how the state handles the repayment or recapture of tax credits if a business defaults.
    Adopted
    May 13, 2025