Bills › 91st General Assembly
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
Where it is now
- Done: IntroducedFebruary 5, 2026
- Done: SubcommitteeFebruary 5, 2026
- 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 2026 session adjourned on May 3, 2026, the General Assembly’s last regular session. Bills that didn’t pass both chambers died. What’s a funnel?
What’s in it
AI summary Licensed medical cannabidiol manufacturers and dispensaries would be allowed to subtract their business expenses when calculating their Iowa income taxes. Currently, these businesses cannot take these deductions because federal law prohibits them. This change would apply to taxes for years starting on or after January 1, 2026.1
Read the official explanation
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. 401 (prohibited acts) and is not otherwise authorized by law. The bill applies retroactively to tax years beginning on or after January 1, 2026.
House subcommittee
Named February 5, 2026. On March 10, 2026 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
1 written public comment to its subcommittee: March 10, 2026 (1) · on the Legislature’s site
Iowa Code it changes
Lobbying
3 for · 0 against · 1 undecided · Who →
Family tree
Earlier and later bills are matched by wording or an identical title.
Tried before
This idea has been filed in 2 earlier General Assemblies. None got through a chamber.
- HF 2650 Relating to medical cannabidiol by providing deductions from the individual and corporate …90th General Assembly · In committee · very similarCleared committee
- HSB 709 HSB 70988th General Assembly · Subcommittee recommends passage · similarCleared committee
Matched by wording or an identical title.