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

Where it is now

1. ✓
   Done: IntroducedFebruary 10, 2026
2. ✓
   Done: SubcommitteeFebruary 10, 2026
3. ✓
   Done: Senate committeeFebruary 19, 2026
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

Became SF 2440 → Its progress continues under the new number. Go to SF 2440 What’s a funnel?

What’s in it

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.

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 February 10, 2026. On February 19, 2026 it recommended passage.

• Sen. Scott Webster REmail
• Sen. Dawn Driscoll REmail
• Sen. Izaah Knox DEmail

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§403.19

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.