A bill for an act making certain sales and use tax exemptions relating to nuclear electric generation facilities, web search portal businesses, and data center businesses contingent upon making contributions to institutions of higher education governed by the state board of regents.

This bill makes tax exemptions for nuclear power facilities, web search portals, and data centers contingent on funding nuclear engineering programs at Iowa's public universities. Specifically, businesses receiving these exemptions must contribute at least 5% of their annual tax exemption value to state universities with nuclear engineering programs. If they fail to contribute, they lose their tax exemption eligibility and must repay all previously claimed exemptions. The bill directly affects new or expanded facilities in these sectors (with construction dates starting in 2027 for data centers and web portals) and requires annual contributions tied to their tax savings.