This Iowa bill extends the expiration date for the biodiesel blended fuel tax credit from January 1, 2028, to January 1, 2033. The change directly affects retail dealers who sell biodiesel fuel blends, allowing them to continue claiming a state income tax credit for promoting these fuels. By updating the relevant tax code sections, the legislation ensures that dealers whose tax years do not align with the original repeal date can still claim the credit for a full calendar year. The bill also clarifies how the credit amount should be calculated for dealers claiming it in the year following the extension period.
This Iowa bill modifies the state tax refund program specifically for biodiesel producers. The legislation increases the refund rate from four cents to five cents per gallon of biodiesel produced within the state. It also extends the expiration date for this tax benefit from January 1, 2028, to January 1, 2031. These adjustments apply to the total number of gallons produced by eligible producers during each quarter of a calendar year.
This bill creates a new state fund to provide financial assistance for building highway overpasses and underpasses across railway tracks. The Department of Transportation will manage the fund and distribute grants to cities and counties to help cover construction costs. Unlike current rules that only apply to cities, this measure extends similar support to counties, ensuring both local governments can address safety and convenience issues related to railway crossings. The bill also specifies that any interest earned on the fund will remain within it and that the money will not automatically revert to the general treasury at the end of each fiscal year.
This bill allows certain Iowa school districts to temporarily exceed their usual cash reserve tax limits for the 2026-2027 school year if a single property tax correction caused their taxable value to drop by at least $100 million. To do this, the districts must offset the extra money raised for reserves by reducing other local property taxes, such as the management levy, ensuring the total tax amount remains within legal limits. The process requires the district to notify the Department of Management, which will then adjust the official tax rates to reflect these changes. This measure is designed to help districts maintain financial stability after a significant administrative error in property valuation.
House File 1010 establishes an annual authorization fee for certain postsecondary educational institutions in Iowa. This bill requires the college student aid commission to collect a nonrefundable fee from entities that are authorized by the commission but do not currently pay a registration fee. These include institutions exempt from certain registration requirements or those offering educational courses, excluding some driver education providers. The annual fee is $2,000 for entities with a primary location in Iowa and $3,500 for those located outside of Iowa. The commission may increase these fees by up to three percent annually, commencing with the fiscal year beginning July 1, 2025.
HF 986 establishes new funds and initiatives to enhance financial literacy and prevent financial exploitation for the public. It creates a Financial Literacy and Investor Education Fund and a Financial Exploitation Prevention Fund, which are partially funded by reallocating a portion of agent registration fees. The bill also establishes a Senior Health Insurance Information Program Fund to provide educational materials on health insurance for older Iowans. These provisions aim to educate Iowans on financial topics and assist potential victims of financial exploitation.
SF 657 modifies the state's tax credit system by creating new credits, changing existing ones, and eliminating some tax incentive programs. It establishes penalties for failing to comply with these tax credit rules and specifies when the changes take effect, including retroactive application to prior tax years. This bill directly affects businesses and individuals who claim tax credits under the state's finance code. Signed into law by the Governor on June 6, 2025, it changes how taxpayers access and qualify for state tax incentives.
SF 660 establishes a regulatory framework for legal sports wagering within the state and allocates state funds to support tourism initiatives. It directly affects licensed sports betting operators, state tourism agencies, and businesses in the hospitality sector. Key provisions include creating licensing requirements for sports wagering entities, setting tax rates on bets, and directing new revenue toward tourism marketing and infrastructure projects. The bill was signed into law by the Governor on June 11, 2025, following unanimous passage in the Senate.
SF 628 allocates specific state transportation funds to renovate the Waterloo maintenance garage for Department of Transportation (DOT) employees. It directs money from the road use tax fund, primary road fund, and statutory allocations fund toward this facility upgrade. The bill directly affects DOT maintenance staff working at the Waterloo location by improving their workplace. Signed by the Governor in June 2025, it became law to fund this specific infrastructure project.
HF 1044 is an appropriations bill that provides funding for multiple Iowa state agencies and offices, including the Department of Administrative Services, Auditor of State, Ethics Board, governor's offices, and the Department of Revenue. It allocates budget authority for the operation and regulation of these state entities, covering their administrative needs and existing functions. The bill directly affects the agencies listed by authorizing their use of state funds for day-to-day operations and regulatory activities. It does not create new policies or programs but ensures continued funding for current state government functions. The bill passed both chambers and was signed into law by the governor on June 11, 2025.
