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

SF 270: Relating to tax credits awarded by the economic development authority for specific capital contributions made to certified rural business growth funds for investment in qualified businesses

Died when the session ended · The General Assembly adjourned on October 2, 2026. Bills that didn’t pass both chambers died.

What it does

This bill relates to tax credits awarded by the economic development authority for specific capital contributions made to certified rural business growth funds for investment in qualified businesses. The bill defines “qualified business” to mean any business within this state that has fewer than 250 employees, including certain subcontractors, and is not located in whole or in part in one or more of the most populous counties in the state. The bill directs the economic development authority (authority) to begin accepting Iowa rural development tax credit program (program) applications beginning January 7, 2026.

Sponsors

Sen. Mike Klimesh (R)

Cost

No fiscal note

Senate subcommittee · named February 18, 2025

  • Sen. Dan Dawson (R) · dan.dawson@legis.iowa.gov
  • Sen. William A. Dotzler Jr. (D) · bill.dotzler@legis.iowa.gov
  • Sen. Mike Klimesh (R) · mike.klimesh@legis.iowa.gov

Lobbying · 6 for, 1 against

For: Advantage Capital; Center for Rural Affairs; Enhanced Capital; Grow Clinton County; Iowa State Bar Association; Professional Developers of Iowa (PDI)

Against: Iowa Bankers Association

In plain words

  1. February 11, 2025Filed in the Senate and sent to the Ways and Means committee
  2. February 18, 2025Senate subcommittee named: Dawson, Dotzler and Klimesh

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/SF270