Bills › 91st General Assembly
Creating sales and use tax exemptions relating to commencing or restarting nuclear electric generation facilities, and including retroactive applicability provisions
Where it is now
- Done: IntroducedMarch 24, 2026
- Done: SubcommitteeMarch 24, 2026
- Done: House committeeApril 1, 2026
- Skipped: Passes the HouseContinued as HF 2757
- Next: Senate committee
- Next: Passes the Senate
- Next: To the Governor
- Next: Signed into law
Became HF 2757 → Its progress continues under the new number. Go to HF 2757 What’s a funnel?
What’s in it
AI summary Iowa would stop charging sales tax on certain items and services used to build, fix, or restart nuclear power plants. This change affects companies that operate these facilities to create electricity for the state. To get this tax break, businesses must provide a specific certificate to show they qualify.1
Read the official explanation
This bill creates sales and use tax exemptions relating to commencing or restarting nuclear electric generation facilities. The bill exempts tangible personal property or specified digital products sold and services furnished are exempted from the state sales and use tax (exemption) before, during, or after the site preparation, construction, reconstruction, replacement, alteration, repair, safe storage, maintenance, or the restarting after decommissioning of a nuclear electric generation facility. _____ regulatory commission. The exemption does not apply to the following: (1) motor vehicles registered under Code chapter 321, (2) tangible personal property or specified digital products sold, or services furnished, without the facility providing its exemption certificate, and (3) tangible personal property or specified digital products sold, or services furnished, prior to January 1, 2025. The definition of facility in the bill is comprehensive and includes but is not limited to nuclear reactors, storage facilities, equipment, electrical generation, and other structures. The bill requires the department of revenue to issue guidance about acceptable documentation required to obtain the exemption and exemption certificate procedures. The bill also specifies the department of revenue may adopt rules to administer the bill. The bill applies retroactively to January 1, 2025, for qualifying tangible personal property or specified digital products sold, or services furnished on or after that date.
Changed since by amendments H-8428, S-5226, S-5225, H-8365; see Amendments.
House subcommittee
Named March 24, 2026. On March 25, 2026 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
Fiscal note
AI summary This bill creates a Nuclear Energy Workforce Fund for university programs and provides sales and use tax exemptions for the construction or expansion of nuclear energy facilities. It is estimated that the bill will increase revenue to the Nuclear Energy Workforce Fund by $1.4 million in fiscal year 2027, fiscal year 2028, and fiscal year 2029. During those same years, the bill is estimated to decrease revenue to the General Fund by $20.1 million in fiscal year 2027, $13.8 million in fiscal year 2028, and $7.0 million in fiscal year 2029, while also decreasing the SAVE Fund and LOST distributions.3
From the note: House File 2757 is estimated to increase revenue to the Nuclear Energy Workforce Fund and decrease revenue to the General Fund, the SAVE Fund, and LOST by the amounts shown in
- Final Fiscal Note — Nuclear Electric Generation Facilities, Sales Tax Exemption · May 20, 2026
- Nuclear Electric Generation Facilities, Sales Tax Exemption · April 28, 2026
- Sales Tax Exemption for Nuclear Generation Facilities, Use of Funds · April 23, 2026
- Nuclear Electric Generation Facilities, Sales Tax Exemption · April 22, 2026
- Nuclear Electric Generation Facilities, Sales Tax Exemption · April 8, 2026
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91st General Assembly