A bill for an act relating to school district funding provisions, including reducing the foundation property tax and repealing the education savings account program, and including effective date and applicability provisions.

This bill lowers the statewide school district foundation property tax rate from $5.44 to $4.44 per $1,000 of assessed property value, effective July 1, 2026. It also repeals Iowa’s education savings account program, which allowed families to use public funds for private school tuition. The tax rate change directly affects all Iowa school districts and adjusts tax credit calculations for agricultural landowners under existing family farm tax credit programs. The bill’s provisions apply to school budgets beginning July 1, 2026, with phased increases for reorganized school districts.