HSB 727: Relating to investment requirements for data center businesses that claim certain sales tax exemptions and sales and use tax refunds

What it does

This bill relates to the investment requirements for data center businesses that claim certain sales tax exemptions and sales and use tax refunds. _____ (exemptions and refunds) to, by the end of the calendar year, invest a minimum of percent of the aggregate value of the exemption or refund claimed for the previous year as an equity investment in either a qualifying business or an innovation fund. The department of revenue (department) shall annually provide the aggregate value of the exemptions and refunds claimed by a data center as disclosed in the data center’s annual report, and the economic development authority (authority) shall verify the data center made the required equity investments.

House subcommittee · named February 11, 2026

• Rep. Ryan Weldon (R) · ryan.weldon@legis.iowa.gov
• Rep. Shannon Latham (R) · shannon.latham@legis.iowa.gov
• Rep. Aime Wichtendahl (D) · aime.wichtendahl@legis.iowa.gov

Lobbying · 1 for, 3 against

For: Iowa Venture Capital Association

Against: Google LLC and its Affiliates; Meta Platforms Inc.; Microsoft Corp.

In plain words

1. February 11, 2026Filed in the House and sent to the Economic Growth and Technology committee
2. February 11, 2026House subcommittee named: Weldon, Latham and Wichtendahl
3. February 18, 2026Subcommittee recommended passing it
4. February 19, 2026Approved by the House committee
5. February 19, 2026Committee vote: 20–0
6. February 23, 2026Approved by the House committee, and given a new number: HF 2688