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

HSB 785: Modifying the major economic growth attraction program, and including effective date provisions

Became HF 2801 · Its progress continues under the new number.

What it does

This bill modifies the major economic growth attraction program (program). The program provides tax incentives for an eligible business (business) that makes a qualifying investment in the state in excess of $1 billion. A “qualifying investment” means a capital investment in real property, including the purchase price of the land, site preparation, infrastructure, and building construction for use in the operation of a business. A “qualifying investment” also means a capital investment in depreciable assets for use in the operation of a business.

Sponsors

Not listed

Cost

See the fiscal note

House File 2801 is estimated to decrease revenue to the General Fund. Figure 1 displays the net impact of changes to the Investment Tax Credit made by the Bill compared to current law over the course of the project.

House subcommittee · named October 2, 2026

  • Rep. Carter F. Nordman (R) · carter.nordman@legis.iowa.gov
  • Rep. Jane Bloomingdale (R) · jane.bloomingdale@legis.iowa.gov
  • Rep. Steven C. Holt (R) · steven.holt@legis.iowa.gov
  • Rep. David Jacoby (D) · david.jacoby@legis.iowa.gov
  • Rep. Kenan Judge (D) · kenan.judge@legis.iowa.gov

Lobbying · 14 for, 5 against

For: Alliant Energy Corporation; BNSF Railway Co.; Elite Casino Resorts, LLC; ITC Midwest; Iowa Association of Business and Industry (ABI); Iowa Business Council; Iowa Economic Development Authority; Iowa Hotel & Lodging Association; Iowa Ironworkers; Iowa Restaurant Association; Laborers International Union of North America; Mesabi Metallics; and 2 more

Against: Bitches Get Stuff Done; Iowa Chapter of Sierra Club; Kurtis Bower; Land of the Free Action; Siouxland Bitches Get Stuff Done

In plain words

  1. October 2, 2026Filed in the House and sent to the Ways and Means committee
  2. October 2, 2026House subcommittee named: Nordman, Bloomingdale, Holt, Jacoby and Judge
  3. October 2, 2026Subcommittee recommended passing it
  4. October 2, 2026Approved by the House committee
  5. October 2, 2026Committee vote: 20–5
  6. October 2, 2026Approved by the House committee, and given a new number: HF 2801

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/HSB785