A bill for an act relating to matters under the purview of the economic development authority, the utilities commission, and the department of education, including creation of the headquarters expansion and development for growth and employment program, and the business incentives for growth program training fund; repeal of the new jobs tax credit program; the major economic growth attraction program; load forecasting and analysis of electric transmission system expansion plans; creation of the electric transmission system expansion planning and analysis and load forecasting fund; the industrial new jobs training program; establishing the new jobs training program interim study committee; the research activities credit; and including effective date provisions.
This bill establishes the Headquarters Expansion and Development for Growth and Employment Program, which allows the state's economic development authority to offer tax incentives to large corporations that expand or retain their corporate headquarters in Iowa. To qualify, businesses must operate in specific sectors like technology or advanced manufacturing, generate most of their revenue outside the state, and commit to providing comprehensive benefits to employees. The legislation also creates a new training fund for business growth, repeals the existing New Jobs Tax Credit Program, and sets up a committee to study new job training initiatives.
Bill status
died
1 of 4 stages cleared
Introduction
May 2026
Committee Review
Floor Vote
Governor
Introduced May 1, 2026
Last action May 3, 2026
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
7
Key actions
1
Committee
1
Amendments
1
May 3, 2026
Introduced
Amendment S-5259 filed, adopted.
upper
May 1, 2026
Upper · Passed
Committee report, approving bill.
upper
May 1, 2026
Introduced
Introduced, placed on Ways and Means calendar.
upper
0 primary · 0 co-sponsors
Sponsors
No sponsor information available.
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