A bill for an act relating to matters under the purview of the economic development authority and the Iowa finance authority including the strategic infrastructure program, brownfield, grayfield, and redevelopment tax credits, community attraction and tourism, vision Iowa, sports tourism marketing, the historic preservation tax credit, homelessness, the title guaranty board, and arts and culture, and including applicability and retroactive applicability provisions.

This bill updates Iowa's economic development programs, primarily affecting businesses and developers seeking tax credits for property redevelopment. It revises the brownfield, grayfield, and redevelopment tax credit processes by requiring applications to be reviewed by a council and board, setting a 30-month completion deadline for projects, and mandating audits by licensed accountants. The bill also repeals outdated sections of community attraction, tourism, and Vision Iowa programs while applying changes retroactively to past projects. Additionally, it modifies historic preservation tax credit rules to exclude single-family homes unless multiple units are created. These changes streamline application reviews and clarify eligibility for state-funded redevelopment incentives.