Budget & Taxes (Revenue)

in committee · Iowa · Senate Mar 12, 2026

SF 2085: A bill for an act relating to event-driven contracts traded on dedicated contract markets by requiring a permit to conduct business in the state, imposing a tax on adjusted revenues, making adjustments to individual and corporate income taxes, providing for fees, and including retroactive applicability provisions.

SF 2085 regulates "event-driven contracts" - financial bets on specific events like sports outcomes or elections traded on digital markets. It requires these markets to obtain a $10 million initial permit and pay $100,000 annually to operate in Iowa. A 20% tax is imposed on the market's "adjusted revenues" (total fees minus payouts, weighted by Iowa trader participation), with tax revenue deposited into the state general fund. The bill also adjusts Iowa income tax rules to treat these contracts differently from federal tax treatment, excluding them from certain federal tax calculations. It explicitly excludes existing systems like horse racing wagering (Chapter 99D), fantasy sports (Chapter 99E), and sports betting (Chapter 99F).

Topics ✓ Budget & TaxesSupports Budget & TaxesImposes 20% tax on event-driven contracts, revenue deposited into state general fund, increasing state tax revenue and fiscal resources.95% confidence

Sub-Topics Income Tax Revenue State Budget

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in committee · Iowa · House Jan 15, 2026

HF 2011: A bill for an act relating to the taxation and regulation of alternative nicotine products and vapor products, creating the Iowa cancer research fund, and including effective date provisions.

HF 2011 imposes new taxes on alternative nicotine products (like nicotine pouches or gums) and vapor products (including e-cigarettes and vaping devices), with the revenue funding the new Iowa Cancer Research Fund. The bill directly affects businesses that manufacture, distribute, or sell these products by requiring them to pay additional taxes. The tax revenue will be deposited into a separate fund managed by the Department of Health and Human Services, which cannot be used for general state expenses. Funds from this account will only support cancer research in Iowa starting July 1, 2027, and must be distributed through a formal application process developed by the department.

Topics ✓ Budget & TaxesSupports Budget & TaxesImposes new taxes on nicotine/vapor products to fund Iowa Cancer Research Fund, directly allocating revenue to a dedicated public health program.95% confidence

Sub-Topics Revenue

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in committee · Iowa · House Jan 30, 2026

HF 2240: A bill for an act creating an endowment tax on the endowment value of certain Iowa colleges and universities, limiting charges relating to certain endowment funds, making appropriations to workforce grant and incentive programs, and making appropriations to supplement tuition grants for high-wage and high-demand jobs.

HF 2240, the "Tax the Endowments Act," imposes an annual tax of 7.1% on the endowment value exceeding $500 million held by Iowa public universities (governed by the state board of regents) and accredited private colleges. The tax revenue is directed to two specific programs: funds from public institutions support workforce grant programs, while funds from private institutions supplement tuition grants for students in high-wage, high-demand majors. The bill also limits institutions to charging no more than 5% on gift proceeds and 1% annual fees on endowment management. It directly affects large Iowa colleges with substantial endowments, redirecting tax revenue to workforce development and targeted student financial aid.

Topics ✓ Budget & TaxesSupports Budget & TaxesImposes 7.1% tax on large endowments to fund workforce grants and tuition programs, directly allocating new revenue to public services and education initiatives.95% confidence ✓ EducationSupports EducationRedirects endowment tax revenue to tuition grants for high-demand majors and workforce programs, directly enhancing student access and affordability in higher education.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentBill directs tax revenue to workforce grant programs and tuition grants for high-wage, high-demand jobs, explicitly funding labor market development initiatives.95% confidence

Sub-Topics Revenue Higher Education Student Financial Aid Workforce Development

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in committee · Iowa · Senate Jan 28, 2025

SF 85: A bill for an act creating a health equity program and fund, and providing an appropriation.

SF 85 creates a state health equity program and fund to reimburse providers for menstrual and post-menstrual health services not covered by insurance. It directly affects uninsured patients and qualifying healthcare providers who treat conditions like endometriosis, menopause, fibroids, and incontinence. The program requires reimbursement within 10 days of billing (if the patient is uninsured or the service isn’t covered), caps administrative costs at 4% of funds, and uses state revenue previously spent on genitourinary agents for public employees. The fund is replenished annually and operates as the "payor of last resort" for eligible covered services meeting medical standards.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates new state appropriation to fund health equity program for uninsured patients, directly increasing government spending on public health services.90% confidence ✓ HealthcareSupports HealthcareCreates state health equity fund to reimburse uninsured patients for uncovered menstrual/post-menstrual services, expanding coverage and access to medical care for conditions like endometriosis.95% confidence

Sub-Topics Revenue

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in committee · Iowa · Senate Apr 16, 2025

SF 613: A bill for an act concerning the regulation and support of leisure activities, including by providing for gambling enforcement, license fees, tax rates, and the use of associated revenue, establishing the Iowa major events and tourism program and fund, modifying the sports tourism marketing and infrastructure program, making appropriations, and including effective date provisions.

SF 613 primarily modifies Iowa's gambling regulations and associated funding mechanisms. It adjusts how fees are calculated for racetrack and gambling structure licensees and increases annual license fees for excursion gambling boats. The bill also reallocates sports wagering revenue, creating a new Iowa Horse Racing Fund from simulcast wagering taxes to support the horse racing industry under federal law. It further clarifies funding for gaming enforcement and makes an appropriation to the public safety equipment fund. These changes directly affect gambling operators, the horse racing sector, and state revenue distribution.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill reallocates gambling tax revenue to fund horse racing (Iowa Horse Racing Fund) and tourism programs via new appropriations, directly advancing fiscal management of tax revenues.92% confidence

Sub-Topics Revenue

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passed · Iowa · Senate Apr 18, 2025

SF 625: A bill for an act relating to gambling regulation, including enforcement, license fees, tax rates, and the use of associated revenue, making appropriations, and including effective date provisions.

SF 625 modifies Iowa's gambling tax revenue allocation. It directs $8 million annually from sports wagering receipts to the public safety equipment fund starting July 1, 2026, for enforcement activities like boat and racetrack inspections. The bill also establishes a gaming enforcement revolving fund to cover direct costs for criminal investigation agents, adjusts regulatory fees based on prior-year unspent funds, and creates an Iowa horse racing fund to distribute tax revenue from simulcast horse races to counties and the commission. These changes affect gambling licensees through fee adjustments and ensure specific tax revenues fund public safety and horse racing operations.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill directs $8M annually from gambling taxes to public safety equipment fund and creates new funds for enforcement/horse racing, increasing targeted government spending.95% confidence ✓ Criminal JusticeSupports Criminal JusticeBill allocates $8M annually to public safety equipment fund for enforcement activities (including criminal investigation agents), directly funding law enforcement within criminal justice.90% confidence

Sub-Topics Revenue

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in committee · Iowa · House Mar 5, 2025

HSB 92: A bill for an act relating to the measurement of units sold for purposes of cigarette and tobacco regulation and taxation, and including effective date provisions.

This bill clarifies how "units sold" are measured for cigarette and tobacco tax purposes in Iowa. It defines "units sold" as individual cigarette packs bearing the state excise stamp (for retail packs) or roll-your-own tobacco containers where tax is due under Chapter 453A. The change ensures tax revenue is calculated based on actual taxed products, not unmeasured sales. The bill takes effect immediately upon enactment.

Topics ✓ Budget & TaxesSupports Budget & TaxesClarifies tobacco tax measurement to ensure accurate revenue collection, supporting fiscal management without altering tax rates.95% confidence

Sub-Topics Revenue

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in committee · Iowa · Senate Mar 18, 2025

SSB 1157: A bill for an act concerning the regulation and support of leisure activities, including by providing for gambling games and sports wagering enforcement, license fees, tax rates, and the use of associated revenue, establishing the Iowa major events and tourism program and fund, modifying the sports tourism marketing and infrastructure program, making appropriations, and including effective date provisions.

SSB 1157 regulates gambling and sports wagering in Iowa, directly affecting licensees like racetracks, excursion gambling boats, and gambling structures. It establishes new tax rates (5% on first $1 million, 10% on next $2 million of gambling revenue, with higher rates for specific venues) and requires a $8 million annual transfer from sports wagering revenue to the public safety equipment fund starting July 2026. The bill also creates a gaming enforcement revolving fund to cover costs for investigating gambling operations and modifies license fee calculations based on operational expenses. Additionally, it establishes the Iowa Major Events and Tourism Program and fund to support tourism infrastructure using gambling tax revenue. The bill takes effect January 1, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesEstablishes new tax rates on gambling revenue and allocates $8M annually to public safety fund, directly funding public services through budgetary measures.95% confidence

Sub-Topics Fees & Licensing Revenue

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in committee · Iowa · House Mar 19, 2025

HSB 223: A bill for an act providing for advance deposit wagering on gambling games, including a tax on net receipts, and providing penalties.

This bill establishes a voluntary exclusion system for individuals seeking to self-limit their access to online gambling platforms in Iowa. It requires gambling licensees to electronically access and share a confidential list of excluded individuals (with options for 5-year or lifetime exclusion periods) and provides resources for gambling treatment. Any winnings from wagers placed after exclusion are forfeited to the state general fund. The bill also creates licensing requirements for advance deposit gambling operators, including annual fees and mandatory responsible gaming features on their platforms. It directly affects online gamblers, licensees, and state revenue, with no mention of a new tax on net receipts in the enacted provisions.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill imposes tax on gambling net receipts, directing forfeited winnings to state general fund, directly increasing state budget revenue.95% confidence

Sub-Topics Revenue

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in committee · Iowa · Senate Feb 18, 2025

SF 270: A bill for an act relating to tax credits awarded by the economic development authority for specific capital contributions made to certified rural business growth funds for investment in qualified businesses.

SF 270 creates the "Iowa Rural Development Tax Credit Program," offering tax credits to investors who make cash contributions to certified rural business growth funds. These funds must invest in qualified businesses (small rural businesses with under 250 employees, outside Iowa's 12 most populous counties) and demonstrate a positive revenue impact for the state. The bill requires growth funds to undergo a certification process, including a third-party revenue analysis showing their investments will generate more state revenue than the tax credits issued. Investors receive tax credits based on their contributions, with the program starting accepting applications in 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credits for rural business investments, providing tax relief to incentivize economic development and revenue growth per bill's certification requirements.92% confidence

Sub-Topics Revenue Tax Incentives

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