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

SF 170: Relating to the historic preservation tax credit available against the individual and corporate income taxes, the franchise tax, and the insurance premiums tax

Became SF 653 · Its progress continues under the new number.

What it does

During the 2022 legislative session, House File 2317 was enacted which gradually reduced the refundability of the historic preservation tax credit commencing with the tax year beginning January 1, 2023, until percent of the credit in excess of tax liability is refundable for tax years beginning on or after January 1, 2027. Previously, the tax credit was 100 percent refundable. House File 2317 also enacted a provision preserving existing rights to the tax credit issued, awarded, or allowed prior to January 1, 2023, to reduce the effect House File 2317 had on existing tax credits being awarded.

Cost

See the fiscal note

The proposed expansion of the preservation of existing rights for relevant tax credits issued, awarded, or allowed until July 1, 2023, is projected to decrease revenue to the State General Fund by $300,000 in FY 2026.

Senate subcommittee · named February 11, 2025

Sen. Dan Dawson (R) · dan.dawson@legis.iowa.gov
Sen. Tony Bisignano (D) · tony.bisignano@legis.iowa.gov
Sen. David D. Rowley (R) · david.rowley@legis.iowa.gov

Lobbying · 4 for, 0 against

For: City of Des Moines; Iowa Chapter, American Institute of Architects; Iowa Real Estate Developers Association; Metropolitan Coalition

In plain words

January 30, 2025Filed in the Senate and sent to the Ways and Means committee
February 11, 2025Senate subcommittee named: Dawson, Bisignano and Rowley
May 9, 2025Subcommittee recommended passing it
May 9, 2025Approved by the Senate committee, and given a new number: SF 653