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 workforce housing tax incentive program funding limits. It raises the maximum annual allocation from $35 million to $50 million, with $25 million specifically reserved for housing projects in small cities (as defined in section 15.352) registered after July 1, 2017 - up from $17.5 million. The change directly affects developers building affordable housing for low-to-moderate-income workers, particularly those in smaller communities. The policy modifies how tax credits are distributed under existing tax code provisions without altering the program's eligibility criteria.