Budget & Taxes (Tax Credits)

in committee · Iowa · House Mar 4, 2026

HF 2661: A bill for an act relating to the establishment of programs administered by the economic development authority, including the interactive digital entertainment program, game studio investment matching program, game industry fellowship program, and game studio grant program, and making appropriations.

HF 2661 establishes four new Iowa economic development programs targeting the game industry. It creates an interactive digital entertainment tax credit (up to 30% of qualified spending, with a 5% bonus for "made in Iowa" projects), a game studio investment matching program offering forgivable loans matching private investments dollar-for-dollar (capped at $20 million annually), and a game industry fellowship program providing $150,000-$200,000 annual grants to relocate experienced professionals for two years. The programs require qualified developers to maintain physical presence and payroll in Iowa, with all tax credits and grants limited to a $20 million annual cap. These provisions directly affect Iowa-based game developers, studios, and experienced industry professionals seeking relocation.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates 30% tax credit + 5% bonus for game industry, allocates $20M annually for matching programs, directly funding economic development through tax incentives and appropriations.95% confidence

Sub-Topics Tax Credits Tax Incentives Tags Economic Development

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in committee · Iowa · Senate Apr 15, 2026

SF 2279: A bill for an act creating a maternity group home tax credit available against the individual, corporate, franchise, insurance premium, and moneys and credits taxes, and including applicability provisions.

SF 2279 creates a tax credit for Iowa taxpayers who donate to maternity group homes, allowing them to claim a 100% credit against several state taxes (including individual, corporate, and franchise taxes) for their donations. The credit directly affects donors and qualifying maternity group homes, which are defined as community-based residences providing housing, care, and support for pregnant or postpartum women with children. Key limits include a $3.5 million annual statewide cap on total credits and a $500,000 cap per organization, with applications approved on a first-come, first-served basis within six months of donation. The credit cannot be carried forward, transferred, or used to reduce taxable income, and excess credits are forfeited.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates 100% tax credit against multiple state taxes (individual, corporate, franchise), directly providing tax relief to donors. This alignates with 'provides tax relief' indicator for support stance.95% confidence ✓ HealthcareSupports HealthcareCreates tax credit for donations to maternity group homes (health-related facilities), directly funding maternal care services and support.95% confidence ✓ HousingSupports HousingFunds maternity group homes (housing for vulnerable women) via tax credits, directly advancing housing support for a specific population through financial incentives.90% confidence

Sub-Topics Tax Credits Insurance

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in committee · Iowa · Senate Jan 29, 2026

SF 2124: A bill for an act relating to the disabled veteran homestead tax credit and including effective date and retroactive applicability provisions.

SF 2124 expands Iowa's disabled veteran homestead tax credit to include more veterans with lower disability ratings, phased in over time. It allows eligible veterans (with permanent service-connected disability ratings of 70%+ starting July 2027, 40%+ starting July 2028, and 10%+ starting July 2029) to claim a credit equal to the greater of the standard homestead credit or a percentage of their property tax matching their disability rating. The credit applies to property taxes due for fiscal years beginning July 1, 2027, and retroactively covers claims filed since January 1, 2026. This bill directly affects disabled veterans and National Guard members meeting specific service and disability criteria who previously did not qualify under the existing 100% disability threshold.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands property tax credit for disabled veterans, reducing tax burden - direct tax relief measure for eligible veterans.90% confidence ✓ HousingSupports HousingBill provides property tax credit for disabled veterans, reducing housing costs for a specific group, aligning with affordable housing support through tax relief.85% confidence ✓ VeteransSupports VeteransExpands disabled veteran tax credit to lower disability ratings (10%+ by 2029), increasing benefit access for more veterans through phased eligibility.95% confidence

Sub-Topics Property Tax Tax Credits Property Taxes National Guard & Reserve Veteran Healthcare

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in committee · Iowa · House Mar 4, 2026

HF 2223: A bill for an act relating to local and state government finances by modifying provisions relating to homestead property tax credits, providing a residential property tax rebate, modifying provisions relating to retirement systems, making appropriations, and including applicability provisions.

HF 2223 creates a new residential property tax rebate program for Iowa homeowners, funded from the taxpayer relief fund, applicable to property taxes due in fiscal years 2026-2027. It modifies existing homestead tax credit rules to expand eligibility for elderly and disabled residents (ages 65+ with income under 250% of federal poverty level) and adds a new credit calculation method for homes where property value didn’t increase due to improvements. The bill also adjusts how homestead credits are calculated, covering up to $14,550 of a home’s value, and sets the effective date for most changes as July 1, 2027. These provisions directly affect Iowa homeowners, particularly seniors and low-income residents, by providing potential tax relief through modified credits and a new rebate.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax rebate for homeowners, expands homestead credit eligibility for elderly/disabled under 250% poverty level, funded from taxpayer relief fund.95% confidence ✓ HousingSupports HousingProvides residential property tax rebate for homeowners, expands homestead credit eligibility for elderly/disabled (income <250% FPL), reducing housing costs for vulnerable groups.85% confidence

Sub-Topics Property Tax Tax Credits Property Taxes

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in committee · Iowa · House Jan 22, 2026

HF 2017: A bill for an act creating a state work opportunity tax credit available against the individual and corporate income taxes, and including retroactive applicability provisions.

HF 2017 creates a new Iowa tax credit equal to 100% of the federal work opportunity tax credit (from IRS Section 51) for individual and corporate income taxes. It applies to tax years beginning January 1, 2026, and affects Iowa employers who hire individuals facing barriers to employment, as defined by the federal program. The credit reduces tax liability but is non-refundable; any unused portion can be carried forward to offset taxes in the following year. The bill includes retroactive application starting January 1, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates 100% tax credit against income taxes for employers hiring targeted groups, reducing tax liability and incentivizing hiring - direct tax relief aligning with fiscal support indicators.95% confidence ✓ Criminal JusticeSupports Criminal JusticeTax credit incentivizes hiring individuals with employment barriers (including formerly incarcerated people via federal program), reducing recidivism through employment opportunities.85% confidence ✓ Labor & EmploymentSupports Labor & EmploymentBill creates tax credit for employers hiring workers facing employment barriers, directly promoting job creation and aligning with labor & employment goals of expanding opportunities for disadvantaged workers.90% confidence ✓ VeteransSupports VeteransFederal WOTC (Section 51) includes veterans as eligible; bill extends credit to employers hiring individuals facing barriers, directly supporting veteran employment through tax incentives.85% confidence

Sub-Topics Business Taxes Tax Credits Tax Incentives

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in committee · Iowa · House Feb 18, 2026

HF 2078: A bill for an act relating to resident dependents not enrolled in a public school or receiving an educational savings account payment by creating an opportunity tax credit available against the individual income tax, creating a fund, making appropriations, and including effective date and retroactive applicability provisions.

HF 2078 creates an opportunity tax credit of $4,000 per eligible dependent for Iowa taxpayers whose children are not enrolled in public school or receiving an educational savings account (ESA) payment. It directly affects parents or guardians of dependents who meet specific criteria, such as having attended public school for at least one semester, being eligible for kindergarten, or previously receiving an ESA payment. The credit is refundable, can be claimed on tax returns or requested as an advance payment from a newly created state fund, and requires the Department of Revenue to verify enrollment status with the Department of Education. The bill applies retroactively to tax years beginning January 1, 2026, and mandates annual reports starting in 2028 detailing claims and potential fraud.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates refundable $4,000 tax credit for educational expenses, reducing tax burden on eligible middle/lower income families. Directly provides tax relief as a fiscal policy.95% confidence ✓ EducationSupports EducationCreates $4,000 tax credit for families using non-public education options, expanding educational access through direct financial support for dependent education expenses.92% confidence

Sub-Topics Income Tax Tax Credits K-12 Education School Choice

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in committee · Iowa · House Jan 30, 2026

HF 2225: A bill for an act creating a new graduate nonresident tuition tax credit available against the individual income tax, and including retroactive applicability provisions.

HF 2225 creates a tax credit for Iowa residents who paid nonresident tuition at state universities and later work in the state as health care professionals, teachers, licensed veterinarians, or professional engineers. The credit equals 100% of the difference between the nonresident and resident tuition rates they paid during their studies, available within three years of graduation while employed in Iowa. Unused credit can be carried forward for up to five years to offset future income tax, but it is not refundable and does not apply to nonresidents. The bill requires the Board of Regents to publish historical tuition rates online and applies retroactively to tax years starting January 1, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates 100% tuition difference tax credit for eligible Iowa professionals, reducing their income tax liability and incentivizing retention in key public sectors. Direct tax relief measure.95% confidence ✓ EducationSupports EducationTargets teachers as eligible for tuition tax credit, incentivizing retention in Iowa education sector through financial relief.95% confidence

Sub-Topics Income Tax Tax Credits Higher Education

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in committee · Iowa · Senate Feb 23, 2026

SF 2024: A bill for an act relating to local government by modifying property tax credits and rent reimbursements, provisions governing abandoned mobile homes and personal property in rural areas, and tax sales.

This bill modifies Iowa's property tax credit system for low-income elderly and disabled residents, ensuring timely annual payments for property taxes or rent reimbursements. It streamlines the removal of abandoned mobile homes on rural property by allowing landowners or mobile home park operators to remove "valueless homes" (defined as abandoned homes with no market value) without court orders, requiring only 10 days' written notice to the county treasurer. The bill also updates tax sale rules to prevent splits or consolidations of land parcels during redemption periods or with unpaid taxes. These changes directly affect rural property owners, mobile home park operators, and low-income homeowners/renters.

Topics ✓ Budget & TaxesSupports Budget & TaxesModifies property tax credits for low-income elderly/disabled, ensuring timely payments - provides tax relief per indicators.90% confidence ✓ HousingSupports HousingModifies property tax credits for low-income elderly/disabled, ensuring rent reimbursement payments, directly supporting affordable housing access.85% confidence

Sub-Topics Property Tax Tax Credits Property Taxes Renters

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introduced · Iowa · Legislature

1410XD: Economic Development Authority and Finance Authority, Programs and Duties (1410XD) - Economic Development Authority

This bill (1410XD) updates Iowa's economic development programs, primarily focusing on tax credit processes for brownfield, grayfield, and redevelopment projects. It revises how applications are reviewed (requiring council and board input), sets a 30-month completion deadline for registered projects, and mandates independent audits for tax credit claims. The bill also repeals outdated sections of Vision Iowa and community tourism programs, applying new rules retroactively to existing awards. These changes directly affect businesses and developers seeking tax credits for redevelopment, tourism infrastructure, and historic preservation projects.

Topics ✓ Budget & TaxesSupports Budget & TaxesMandates independent audits for tax credit claims and streamlines programs, promoting fiscal accountability in tax credit administration.85% confidence

Sub-Topics Tax Credits

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in committee · Iowa · Senate Apr 14, 2025

SF 465: 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, and arts and culture, and including applicability and retroactive applicability provisions.

This bill amends multiple economic development programs in Iowa, including tax credits for brownfield redevelopment, historic preservation, community tourism, and Vision Iowa. It streamlines application processes by requiring review committees for tourism programs, sets 30-month project completion deadlines for tax credit projects, and mandates independent audits for tax credit claims. The bill repeals outdated sections of law, transfers unspent funds to Vision Iowa, and applies retroactively to past applicants for tourism and redevelopment programs. It directly affects businesses, local governments, and developers seeking tax credits or financial assistance under these programs. The changes aim to clarify administrative procedures without altering the core funding mechanisms.

Topics ✓ Budget & TaxesSupports Budget & TaxesAmends tax credit programs (brownfield, historic preservation) and transfers unspent funds to Vision Iowa, maintaining fiscal support for development initiatives.90% confidence

Sub-Topics Tax Credits

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