Bills › 91st General Assembly
Relating to school district funding provisions, including reducing the foundation property tax and repealing the education savings account program, and including effective date and applicability provisions
Sponsored by Sen. Herman C. Quirmbach (D)
Topics:K–12 educationTaxesVouchers & education savings accountsProperty taxesTax credits & incentives
Where it is now
- Done: IntroducedFebruary 5, 2026
- Done: SubcommitteeFebruary 10, 2026
- Stopped: Senate committeeDied when the General Assembly ended
- Next: Passes the Senate
- Next: House committeeFunnel: by March 20, 2026
- Next: Passes the House
- Next: To the Governor
- 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 Iowa would lower the property tax rate used to fund school districts. This change also adjusts certain tax credits for families with farms or agricultural land. Additionally, the law would end the education savings account program that helps students pay for nonpublic school expenses.1
Read the official explanation
This bill relates to school district funding, including reducing the foundation property tax and repealing the education savings account program. DIVISION I.40 per $1,000 of assessed valuation on all taxable property in the district.04.40 levy rate under current law is for recently reorganized and dissolved school districts.40. The bill reduces all of the applicable foundation property tax rates to correspond with the reduction in the foundation property tax.3 in the bill. Division I takes effect upon enactment. 3 apply July 1, 2026, for school budget years beginning on or after that date. DIVISION II. The education savings account program is a program that provides funds to pupils who attend nonpublic schools to pay for qualified educational expenses including but not limited to tuition, tutoring or cognitive skill training fees, educational therapy costs, software expenses, and expenses related to course materials. For school years beginning on or after July 1, 2025, each student eligible to enroll in kindergarten through grade 12 is eligible for the education savings account program. Division II repeals the education savings account program and makes conforming changes. Division II takes effect upon enactment and applies July 1, 2026, for school budget years beginning on or after that date.
Senate subcommittee
Named February 10, 2026. It hasn’t reported yet.
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