Bills › 91st General Assembly

HSB 129Died when the session ended · February 12, 2025

Relating to the maximum amount of workforce housing tax incentives available against the individual and corporate income taxes, the franchise tax, the insurance premiums tax, and the moneys and credits tax

Topics:Housing & propertyTaxesHousing supply & costsTax credits & incentives

Where it is now

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

Died when the session ended The 2026 session adjourned on May 3, 2026, the General Assembly’s last regular session. Bills that didn’t pass both chambers died. What’s a funnel?

What’s in it

AI summary This bill increases the total amount of money available for the workforce housing tax incentive program. It raises the overall limit from $35 million to $50 million and increases the portion set aside specifically for projects in small cities to $25 million.1

Read the official explanation

Currently, certain economic development tax credit amounts are capped at $170 million in the aggregate per fiscal year under Code section 15.119. In allocating the tax credits pursuant to Code section 15.119, the workforce housing tax incentive program limit is $35 million in most instances, and of that amount, $17.5 million is reserved for projects in small cities. This bill increases the workforce housing tax incentive program maximum from $35 million to $50 million, and increases the allocation reserved for projects in small cities from $17.5 million to $25 million.

Full bill text2

House subcommittee

Named February 5, 2025. On February 12, 2025 it recommended passage.

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§15.119

How the Code works3

Lobbying

16 for · 0 against · 6 undecided · Who →

Family tree

Earlier and later bills are matched by wording or an identical title.

Tried before

This idea has been filed in an earlier General Assembly. None got through a chamber.

  • HF 2218 Relating to the maximum amount of workforce housing tax incentives available against the i…
    90th General Assembly · Renumbered as HF 2420 · same title
    Cleared committee
  • HF 2420 Relating to the maximum amount of workforce housing tax incentives available against the i…
    90th General Assembly · Subcommittee recommends passage · same title
    Cleared committee

Similar bills this General Assembly

  • HF 109 Relating to the maximum amount of workforce housing tax incentives available against the i…
    91st General Assembly · In committee
    Nearly identical

Matched by wording or an identical title.