91st General Assembly · Funnel one-pager · Monday, November 9, 2026
HSB 687: Relating to medical cannabidiol by providing deductions from the individual and corporate income taxes for expenses incurred by medical cannabidiol manufacturers and dispensaries, and including retroactive applicability provisions
Died when the session ended · The 2026 session adjourned on May 3, 2026, the General Assembly’s last regular session. Bills that didn’t pass both chambers died.
What it does
Under federal law, a medical cannabidiol manufacturer and a medical cannabidiol dispensary are prohibited from taking business expense deductions by section 280E of the Internal Revenue Code. _____ from taking business expense deductions as well because the deductions are not allowed at the federal level. This bill allows a medical cannabidiol manufacturer and a medical cannabidiol dispensary licensed pursuant to Code chapter 124E to deduct business expenses for purposes of the Iowa individual income tax or corporate income tax.
Sponsors
Not listed
Cost
No fiscal note
House subcommittee · named February 5, 2026
- Rep. Brent Siegrist (R) · brent.siegrist@legis.iowa.gov
- Rep. Chad Behn (R) · chad.behn@legis.iowa.gov
- Rep. Elizabeth Wilson (D) · elizabeth.wilson@legis.iowa.gov
Lobbying · 3 for, 0 against
For: Iowa Cannabis Company; Iowans for Medical Marijuana; MedPharm Iowa
In plain words
- February 5, 2026Filed in the House and sent to the Ways and Means committee
- February 5, 2026House subcommittee named: Siegrist, Behn and Wilson
- March 10, 2026Subcommittee 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/HSB687