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Bills › 91st General Assembly

SF 642Withdrawn · HF 975 became law instead · May 12, 2025

Relating to matters under the purview of the economic development authority and the Iowa finance authority including the strategic infrastructure program, brownfield, grayfield, and redevelopment tax credits, community attraction and tourism, vision Iowa, sports tourism marketing, the historic preservation tax credit, homelessness, the title guaranty board, arts and culture, and the Iowa reinvestment Act and including applicability and retroactive applicability provisions

Sponsored by the Senate Appropriations (successor To Sf 465) (successor To Ssb 1106) Committee

Proposed by the Economic Development Authority · all agency proposals

Topics:Business & economyState governmentTaxesTax credits & incentives

Same legislation: SSB 1106, HSB 221, SF 465, HF 975, SF 622

Write your legislators about it

Also covers SSB 1106 and HSB 221 and SF 465 and HF 975 and SF 622.

What changed before it passed
Official bill pageLobbyist declarationsOne-pager to print

Where it is now

  1. Done: IntroducedFebruary 27, 2025
  2. Done: SubcommitteeMarch 11, 2025
  3. Done: Senate committeeFebruary 27, 2025
  4. Done: Passes the SenateMay 12, 202545–5
  5. Skipped: House committeeSkipped
  6. Done: Passes the HouseApril 21, 202583–8
  7. Done: To the GovernorMay 22, 2025
  8. Done: Signed into lawJune 6, 2025

HF 975 became law → The same legislation passed as HF 975, so this version was set aside. Go to HF 975 What’s a funnel?

What changed before it passed The bill as introduced compared with the version both chambers passed.

Amendments · 2

1 adopted · 1 failed. Newest first.

  • S-3161 · filed May 12, 2025 by Sen. Herman C. Quirmbach (D)
    AI summary This amendment removes a section of the bill that deals with specific rules or requirements on page 4.
    Failed
    May 12, 2025
  • S-3160Strike everything · filed May 12, 2025 by Sen. Carrie Koelker (R)
    AI summary This amendment replaces the entire bill and changes how several economic development and tax credit programs are managed. It increases the role of the Iowa innovation council in reviewing and recommending tax credits and shifts several decision-making responsibilities from the board to the authority. It also updates rules for the historic preservation tax credit regarding single-family homes and changes the timelines for when certain projects must start and finish.
    Amends this SF 642 to CONFORM to HF 975
    Adopted
    May 12, 2025