SF 2440: Relating to the permissible uses of certain school district property tax revenue for urban renewal projects and including effective date provisions

What it does

Iowa’s urban renewal law under Code chapter 403 authorizes the division of revenue (tax increment financing). This bill provides that school district foundation property taxes levied under Code section 257.3 and deposited into a municipality’s special fund as the result of a division of revenue shall not be expended for or otherwise used in connection with an urban renewal project approved on or after January 1, 2025, that in whole or in part includes the planning, construction, or operation of a stadium or sports arena primarily intended for use by one or more professional sports teams. The bill takes effect upon enactment.

Senate subcommittee · named February 24, 2026

• Sen. Dan Dawson (R) · dan.dawson@legis.iowa.gov
• Sen. Kerry Gruenhagen (R) · kerry.gruenhagen@legis.iowa.gov
• Sen. Cindy Winckler (D) · cindy.winckler@legis.iowa.gov

Lobbying · 0 for, 1 against

Against: Iowa Soccer Development Foundation

In plain words

1. February 10, 2026Filed in the Senate and sent to the Local Government committee · as SSB 3136
2. February 10, 2026Senate subcommittee named: Webster, Driscoll and Knox · as SSB 3136
3. February 19, 2026Subcommittee recommended passing it · as SSB 3136
4. February 19, 2026Approved by the Senate committee, and given a new number: SF 2440 · as SSB 3136
5. February 23, 2026Filed in the Senate
6. February 23, 2026Approved by the Senate committee
7. February 24, 2026Sent to the Senate Ways and Means committee
8. February 24, 2026Senate subcommittee named: Dawson, Gruenhagen and Winckler