Relating to state banks’ purchase of certain federal tax credits

Where it is now

1. ✓
   Done: IntroducedMarch 31, 2025
2. ✓
   Done: SubcommitteeApril 1, 2025
3. ✕
   Stopped: Senate committeeDied when the General Assembly ended
4. Next: Passes the Senate
5. Next: House committeeFunnel: by March 20, 2026
6. Next: Passes the House
7. Next: To the Governor
8. Next: Signed into law

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

What’s in it

This bill relates to state banks’ purchase of federal tax credits. Under the bill, a state bank may invest without limitation for its own account in federal tax credits authorized pursuant to U.S.C. §45 and U.S.C. §48.

From the explanation printed with the bill as introduced, written by the Legislative Services Agency. Amendments adopted later aren’t reflected. Full bill text

Senate subcommittee

Named April 1, 2025. On April 16, 2025 it recommended passage.

• Sen. Jason Schultz REmail
• Sen. Tony Bisignano DEmail
• Sen. Dawn Driscoll REmail

Three legislators hear a bill first and recommend what the committee should do; it’s the best time to weigh in. How to take part

Iowa Code it changes

Amends§524.901

Read from the bill as introduced. Each links to every bill touching that chapter of the Iowa Code. How the Code works

Family tree

Where this legislation came from and where it went: earlier tries, the versions it moved through this Assembly, and later bills built on it.

Earlier and later bills are matched by wording or an identical title; check the text to be sure it’s the same idea.