HSB 305 Iowa House · 2025-2026 Regular Session

A bill for an act relating to matters under the purview of the Iowa economic development authority, including tax credit limits, targeted jobs tax credits, and the major economic growth attraction program; creation of the business incentives for growth program, the seed investor tax credit program, the Iowa film production incentive program, the research and development tax credit program, and the sustainable aviation fuel production tax credit program; elimination of the high quality jobs program, the investments in qualifying businesses tax credit, employer child care tax credits, assistive device tax credits, endow Iowa tax credits, and research activities tax credits; and including effective date provisions and criminal penalties.

HSB 305 updates Iowa's economic development programs overseen by the Iowa Economic Development Authority. It sets an aggregate tax credit limit of $170 million for certain programs, allowing for a 20% overage that counts against the next fiscal year's limit. The bill creates new programs, including those for business incentives, seed investors, film production, research and development, and sustainable aviation fuel. Simultaneously, it eliminates several existing tax credit programs, such as the High Quality Jobs program and various specific tax credits for employer child care and assistive devices. These changes directly affect businesses, investors, and the state's economic development initiatives.
Bill status in committee 1 of 4 stages cleared
Introduction
Mar 2025
Committee Review
Floor Vote
Governor
Introduced Mar 6, 2025 Last action May 13, 2025
Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
7
Key actions
6
Committee
6
May 13, 2025
Legislature · Passed
Committee report approving bill, renumbered as HF 1054.
legislature
May 12, 2025
Lower · Passed
Committee vote: Yeas, 17. Nays, 5. Excused, 3.
lower
May 12, 2025
Lower · Passed
Committee report, recommending amendment and passage.
lower
Mar 27, 2025
Legislature · Passed
Subcommittee recommends passage.
legislature
Mar 25, 2025
Legislature · Passed
Subcommittee Meeting: 03/27/2025 8:45AM RM 102.
legislature
Mar 6, 2025
Lower · Passed
Subcommittee: Kaufmann, McBurney, Nordman, Wilson and Wulf.
lower
Mar 6, 2025
Introduced
Introduced, referred to Ways and Means.
lower
0 primary · 0 co-sponsors

Sponsors

No sponsor information available.