A bill for an act relating to the permissible uses of certain school district property tax revenue for urban renewal projects and including effective date provisions.

This bill prohibits school districts from using foundation property tax revenues (levied under Iowa Code section 257.3) for urban renewal projects approved on or after January 1, 2025, that include planning, construction, or operation of stadiums or arenas primarily for professional sports teams. It directly affects school districts and municipalities that rely on tax increment financing (division of revenue under Code chapter 403) for urban renewal projects. The key provision amends Iowa law to block the use of specific school tax funds for stadium-related developments in new urban renewal initiatives. The bill takes effect immediately upon enactment, with the restriction applying only to projects approved after 2025.