A bill for an act providing for the future repeal of tax credits.

HF 625 sets specific expiration dates for existing Iowa tax credit programs, with most ending between 2027 and 2041. It also establishes that any new tax credit program enacted after January 1, 2026, will automatically expire six years after its effective date. The bill preserves tax credits issued or awarded before January 1, 2031, ensuring taxpayers can still claim or redeem them. This affects Iowa taxpayers who currently use or may later claim these credits, but does not alter existing agreements or credits issued prior to the specified dates.