Budget & Taxes

in committee · Iowa · Senate Mar 19, 2025

SF 17: A bill for an act modifying provisions governing the taxation of forest reservations and fruit-tree reservations, and including effective date and retroactive applicability provisions.

This bill modifies Iowa's tax exemption rules for forest and fruit-tree reservations. It requires landowners to maintain a homestead tax credit (under Chapter 425) annually to keep the exemption, which was not previously required. If owners lose the homestead credit or fail to maintain the reservation (e.g., for economic gain), they face recapture tax based on past exempted taxes, with limited exceptions for long-term owners. The changes apply retroactively to all exemptions for assessment years starting January 1, 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesRequires annual homestead credit maintenance to retain tax exemptions, imposing recapture tax for noncompliance - closes loophole and ensures fiscal accountability.90% confidence

Sub-Topics Tax Incentives

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in committee · Iowa · Senate Mar 3, 2025

SF 391: A bill for an act creating an advanced registered nurse practitioner preceptor tax credit available against the individual income tax, and including applicability provisions.

This bill creates a $1,000 tax credit per clinical preceptorship for Iowa-licensed advanced registered nurse practitioners (ARNPs) who provide uncompensated clinical instruction and supervision to nursing students. To qualify, ARNPs must be employed at the clinical site, have at least one year of preceptor experience, and document student details including hours of supervision and expected graduation year. The credit is refundable and capped at $2,000 annually per preceptor. It applies to tax years beginning January 1, 2026, and requires the Department of Revenue to report annual credit usage to the legislature.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates refundable $1,000 tax credit for ARNPs providing clinical instruction, reducing tax burden and incentivizing healthcare education through fiscal policy.95% confidence ✓ EducationSupports EducationBill provides tax credit to ARNPs for clinical instruction of nursing students, directly strengthening higher education training and educational access in healthcare education.90% confidence ✓ HealthcareSupports HealthcareCreates tax credit to incentivize nurse practitioners to train students, expanding healthcare workforce capacity and improving patient access to care.90% confidence

Sub-Topics Healthcare Workforce

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in committee · Iowa · House Mar 24, 2025

HSB 89: A bill for an act relating to the administration of the tax by the department of revenue by modifying provisions related to personal income, property, sales and use, motor fuel, and inheritance taxes, changing tax expenditure reviews, and including effective date and retroactive applicability provisions.

HSB 89 modifies Iowa's tax code across multiple areas, including personal income, property, sales, motor fuel, and inheritance taxes. Key changes include allowing the Department of Revenue to share tax information with law enforcement for suspected tax fraud (e.g., false filings or evasion), expanding a farm tenancy income exclusion for eligible long-term farmers, and aligning Iowa's pass-through entity tax rules with federal Internal Revenue Code procedures. The bill also requires annual tax statistics reporting and updates property tax refund timelines. These provisions directly affect Iowa taxpayers, businesses, and law enforcement agencies interacting with tax administration.

Topics ✓ Budget & TaxesSupports Budget & TaxesModifies tax code to prevent fraud (closing loopholes), aligns with federal rules, and expands farm tax exclusions - strengthening fiscal management and accountability.90% confidence

Sub-Topics Business Taxes Government Spending

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in committee · Iowa · House Mar 24, 2025

HSB 318: A bill for an act relating to fuel taxation by extending tax credits for E-15 gasoline available against the individual and corporate income taxes.

This bill extends Iowa's existing tax credit for E-15 gasoline, allowing retail gas dealers to continue claiming the credit against individual and corporate income taxes through 2028 (previously set to expire in 2026). It specifically allows dealers to claim the E-15 promotion tax credit for the full tax year, even if their tax year doesn't align with calendar years. The extension also preserves eligibility for the E-85 promotion tax credit when a dealer claims the E-15 credit in the same year. This change directly affects retail gasoline dealers who sell E-15 fuel, providing continued tax relief for their business operations.

Topics ✓ Budget & TaxesSupports Budget & TaxesExtends tax credit for E-15 gasoline, maintaining tax relief for dealers and preserving existing fiscal support under taxation policy.95% confidence ✓ EnergySupports EnergyExtends tax credits for E-15/E-85 renewable fuel blends, promoting biofuel adoption and supporting renewable energy infrastructure through tax incentives.95% confidence ✓ EnvironmentSupports EnvironmentExtends tax credit for E-15 (15% ethanol blend), promoting renewable fuel use and reducing fossil fuel dependence per clean energy indicators.85% confidence

Sub-Topics Tax Credits

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in committee · Iowa · Senate Mar 25, 2025

SF 348: A bill for an act exempting certain structures from inclusion in property assessments, and including effective date and retroactive applicability provisions.

SF 348 exempts certain structures from property tax assessments if they are not permanently anchored to the ground (only held in place by their own weight, like temporary sheds or lightweight structures). This directly affects property owners who maintain such non-permanent structures, removing them from taxable real property assessments. The bill takes effect immediately upon enactment and applies retroactively to property tax assessments for years starting January 1, 2025. It changes the assessment rules by excluding qualifying structures from standard property tax calculations.

Topics ✗ Budget & TaxesOpposes Budget & TaxesExempts temporary structures from property taxes, reducing state tax revenue and weakening the tax base.95% confidence

Sub-Topics Property Tax

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in committee · Iowa · House Mar 26, 2025

HF 567: A bill for an act excluding the net capital gain from the sale of gold or silver from the calculations of Iowa net income for purposes of the individual income tax, and including effective date and retroactive applicability provisions.

HF 567 excludes net capital gains from selling gold or silver from Iowa's individual income tax calculations. It directly affects Iowa taxpayers who sell gold or silver coins, bars, ingots, or pure gold/silver, allowing them to subtract these gains when computing taxable income. The bill defines "gold or silver" broadly to include common forms like coins and bars, and applies retroactively to tax years starting January 1, 2025. This change modifies how certain investment gains are taxed but does not alter the tax rate applied to other income.

Topics ✗ Budget & TaxesOpposes Budget & TaxesExcludes capital gains from gold/silver sales from taxable income, reducing state tax revenue. Creates targeted tax break for asset investors, weakening fiscal revenue collection.85% confidence

Sub-Topics Income Tax

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in committee · Iowa · House Mar 26, 2025

HSB 313: A bill for an act relating to local government property taxes, financial authority, and budgets, modifying appropriations, and including effective date, applicability, and retroactive applicability provisions.

This bill sets new limits on property tax rates for Iowa counties and cities. It caps annual tax rates for general services based on a formula comparing current tax collections to property values, excluding increases from new construction or boundary changes. For counties and cities, rates cannot exceed a specific dollar amount per $1,000 of assessed value, with adjustments tied to prior years' actual tax collections and property value growth. The rules apply to fiscal years starting July 1, 2026, and directly affect local government budgeting for property taxes.

Topics ✗ Budget & TaxesOpposes Budget & TaxesCaps annual property tax rates for counties/cities, restricting tax increases via formula-based limits on collections vs. property values.95% confidence

Sub-Topics Business Taxes Property Tax State Budget Tags Local Government

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in committee · Iowa · Senate Mar 27, 2025

SSB 1208: A bill for an act relating to local government property taxes, financial authority, and budgets, modifying appropriations, and including effective date, applicability, and retroactive applicability provisions.

This bill modifies property tax calculation rules for Iowa counties and cities, directly affecting local governments and property owners. It establishes a new formula where tax levies for general county services, rural county services, and city general funds cannot exceed 102% of the previous year's actual tax revenue, adjusted for new property valuations (like construction or annexation). The change applies to fiscal years starting July 1, 2026, and replaces previous fixed-rate thresholds. For example, a city's property tax rate must align with this 102% growth cap instead of a set dollar amount, ensuring tax increases mirror revenue growth while accounting for new property assessments.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill caps property tax levies at 102% of prior year revenue, restricting local government tax increases and budget flexibility.92% confidence

Sub-Topics Property Tax Revenue State Budget

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in committee · Iowa · Senate Mar 17, 2025

SF 598: A bill for an act relating to the assessment of certain development property, and including effective date and retroactive applicability provisions.

SF 598 modifies Iowa property tax rules for land developed after January 1, 2020. It keeps such property taxed at its pre-development rate during construction or development activities (e.g., clearing land, installing utilities, or zoning changes) until a permanent structure is built or the property is sold. Property owners can opt out of this rule by notifying the assessor by March 1 each year, reverting to standard tax assessment. The law applies retroactively to tax assessments starting January 1, 2025, and does not affect taxes paid before that date.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides property tax relief during development by deferring full assessment until construction completion, reducing immediate tax burden for property owners.90% confidence

Sub-Topics Property Tax

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in committee · Iowa · Senate Mar 3, 2025

SF 439: A bill for an act allowing cities to certify taxes for a general fund levy for libraries.

SF 439 allows Iowa cities to levy a tax of up to 27 cents per $1,000 in property value to fund public libraries, directly affecting city residents who vote on the tax. The tax requires voter approval through a petition and election process: a majority must approve it at a regular city election, and it can be removed the same way. This bill reestablishes a library funding mechanism eliminated by a prior law (HF 718), restoring the specific tax rate and voter approval requirements that existed before that change. The tax would be part of a city's general fund levy, supporting library operations and services.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates a new property tax levy (up to 27¢/$1k) specifically to fund public libraries, restoring a prior funding mechanism and requiring voter approval for implementation/removal.95% confidence

Sub-Topics Property Tax State Budget

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