A bill for an act 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.

This bill increases Iowa's annual cap for workforce housing tax incentives from $35 million to $50 million. It directly affects developers of workforce housing projects by expanding available tax credits against individual/corporate income taxes, franchise tax, and other levies. The key change reserves $25 million specifically for projects in small cities (as defined in state law) that registered after July 1, 2017, up from $17.5 million. This adjustment aims to boost funding for affordable housing development, particularly in smaller communities.