Relating to state and local government taxes, fees, financial authority, and budgets, by modifying property assessment provisions, divisions of revenue, and funding from the secure an advanced vision for education fund, establishing a program for first-time homebuyers, modifying and making appropriations, and including effective date, applicability, and retroactive applicability provisions

Where it is now

1. ✓
   Done: IntroducedJanuary 12, 2026
2. ✓
   Done: SubcommitteeJanuary 12, 2026
3. ✓
   Done: Senate committeeMarch 11, 2026
4. ✓
   Done: Passes the SenateApril 8, 202641–4
5. ✓
   Done: House committeeApril 21, 2026
6. ✓
   Done: Passes the HouseApril 22, 202664–23
7. ✓
   Done: To the GovernorMay 18, 2026
8. ✓
   Done: Signed into lawMay 18, 2026

Signed into law What’s a funnel?

House subcommittee

Named April 20, 2026. On April 20, 2026 it recommended passage.

• Rep. Carter F. Nordman REmail
• Rep. Jane Bloomingdale REmail
• Rep. Larry McBurney DEmail
• Rep. Aime Wichtendahl DEmail
• Rep. Derek Wulf 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

Fiscal note

AI summary Senate File 2472 contains 26 divisions that change property tax assessments, rates, credits, and exemptions, while also modifying budget processes and state appropriations. The Department of Management estimates $130,000 in information technology costs to implement these changes. Additionally, the bill reduces the fiscal year 2028 State General Fund expenditure limitation by $125.0 million and redirects certain excess Iowa Economic Emergency Fund balances to the Taxpayer Relief Fund in fiscal year 2029.¹

From the note: The analysis of this Division estimates the fiscal impact of this Division in isolation and does not account for interactions or combined effects with other Divisions of the Act. Figure 2 displays the estimated reduction in property tax revenue to counties.

• Final Fiscal Note — Property Taxation · July 15, 2026
• Property Taxation · April 23, 2026
• Property Taxation · April 16, 2026
• Property Taxation · April 14, 2026
• Property Taxation · April 8, 2026

Reading a fiscal note²

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