Bills › 91st General Assembly
Relating to and making appropriations for the economic development of the state, including to the economic development authority, Iowa finance authority, department of workforce development, and the state board of regents and certain regents institutions, and extending the repeal date for the housing renewal pilot program
Sponsored by the Senate Appropriations Committee
Where it is now
- Done: IntroducedApril 28, 2025
- Done: SubcommitteeApril 28, 2025
- Done: Senate committeeApril 30, 2025
- Done: Passes the SenateMay 13, 202534–14
- Skipped: House committeeSkipped
- Done: Passes the HouseMay 13, 202561–30
- Done: To the GovernorMay 23, 2025
- Done: Signed into lawJune 11, 2025
Signed into law What’s a funnel?
What’s in it
AI summary This bill provides funding for several state agencies and universities to help grow Iowa's economy. It gives money to groups like the Iowa Economic Development Authority and Iowa State University, while also changing how much money comes from gambling taxes. Additionally, it asks the state auditor to review how the Iowa Finance Authority is being managed.1
Read the official explanation
This bill relates to and makes appropriations for the economic development of the state. DIVISION I —— FY 2025-2026 APPROPRIATIONS. The bill appropriates moneys for FY 2025-2026 from the general fund of the state to the economic development authority (IEDA), Iowa finance authority (IFA), department of workforce development (IWD), Iowa state university of science and technology (ISU), state university of Iowa, and university of northern Iowa. The bill appropriates moneys for FY 2025-2026 from the Iowa skilled worker and job creation fund to IEDA, IWD, and the state board of regents and institutions under the control of the board. For FY 2025-2026, the bill limits standing appropriations for the world food prize and tourism marketing.7 to IEDA. The bill also appropriates moneys for FY 2025-2026 from the special employment security contingency fund to IWD. The auditor of state is requested to review the audit of IFA performed by the auditor hired by IFA. The bill requires IEDA, the vocational rehabilitation services division of IWD, the state board of regents, and ISU to submit various reports to the general assembly. DIVISION II —— GAMBLING GAMES AND SPORTS WAGERING TAXES. Under current law, the standing appropriation to IEDA from the tax on adjusted gross receipts from gambling games is $520,000. Under the bill, the standing appropriation to IEDA from the tax on adjusted gross receipts from gambling games is $448,403.
Why it matters. State agencies including the economic development authority, the Iowa finance authority, the department of workforce development, and several state universities will receive funding for fiscal year 2025-2026. The bill also changes the amount of money the economic development authority receives from gambling game taxes, reducing that standing appropriation to $448,403.2
Changed since by amendments H-1327, S-3151; see Amendments.
Senate subcommittee
Named April 28, 2025 (as SSB 1236). On April 29, 2025 it recommended passage.
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91st General Assembly
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