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, arts and culture, and the Iowa reinvestment Act and including applicability and retroactive applicability provisions.

SF 622 modifies several state economic development and tax credit programs managed by the Iowa Economic Development Authority and Iowa Finance Authority. It directly affects developers, investors, and communities seeking financial assistance or tax credits for infrastructure, redevelopment, tourism, and historic preservation projects. The bill streamlines the administration and review processes for brownfield, grayfield, and redevelopment tax credits, centralizing some functions within the economic development authority. It also adjusts eligibility requirements for the historic preservation tax credit, particularly for single-family residential projects. Additionally, the bill modifies how review committees are appointed for community attraction and sports tourism programs and removes a section regarding required benefits for certain tourism program applicants.