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

HSB 306: Modifying the research activities tax credit available against the individual and corporate income taxes, and including effective date and retroactive applicability provisions

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 modifies the research activities tax credit (credit) available against the individual and corporate income taxes.25 percent. The bill requires the department of revenue to review mass layoff notices provided pursuant to the department of workforce development under Code chapter 84C, and any other relevant information available, prior to allowing the credit.330(2). The bill takes effect upon enactment and applies retroactively to tax years beginning on or after January 1, 2024.

Sponsors

Not listed

Cost

No fiscal note

House subcommittee · named March 6, 2025

  • Rep. Derek Wulf (R) · derek.wulf@legis.iowa.gov
  • Rep. David Jacoby (D) · david.jacoby@legis.iowa.gov
  • Rep. John H. Wills (R) · john.wills@legis.iowa.gov

Lobbying · 2 for, 4 against

For: Iowa Chapter of Sierra Club; Iowa Federation of Labor, AFL-CIO

Against: Deere & Company; Iowa Association of Business and Industry (ABI); Iowa Business Council; Iowa Taxpayers Association

In plain words

  1. March 6, 2025Filed in the House and sent to the Ways and Means committee
  2. March 6, 2025House subcommittee named: Wulf, Jacoby, Wills and J
  3. March 13, 2025Subcommittee recommended passing it

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/HSB306