Budget & Taxes

passed · Iowa · House May 20, 2025

HF 1026: A bill for an act relating to the adoption tax credit available against the individual income tax, and including effective date and retroactive applicability provisions.

HF 1026 updates the adoption tax credit available against individual income tax for taxpayers in Iowa. The bill increases the maximum credit for qualified adoption expenses from $5,000 to $20,000 per adoption. It also specifies that any credit amount exceeding a taxpayer's liability is refundable. This act takes effect upon enactment and applies retroactively to adoptions finalized on or after January 1, 2024, for tax years beginning on or after that date.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases adoption tax credit from $5k to $20k and makes it refundable, providing tax relief for adoptive families.95% confidence

Sub-Topics Tax Credits

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passed · Iowa · House Apr 16, 2025

HF 315: A bill for an act relating to budget adjustments by school districts affected by a natural disaster.

HF 315 modifies the process for budget adjustments available to Iowa school districts impacted by natural disasters. Currently, school districts can receive a budget adjustment based on the difference between their current and 101% of their previous year's regular program district cost. This bill introduces an additional year of budget adjustment for districts that have already received an adjustment and were affected by a federally declared major disaster or state disaster emergency in the base year or the year prior. This additional adjustment would be equal to the amount of the district's budget adjustment from the base year.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill enables additional budget adjustments for school districts post-disaster, supporting fiscal management of public education funding without tax changes.90% confidence ✓ EducationSupports EducationBill provides additional budget adjustment year for disaster-affected school districts, ensuring continued funding stability and support for K-12 education infrastructure after natural disasters.92% confidence

Sub-Topics State Budget School Funding

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signed · Iowa · Senate Jun 27, 2025

SF 657: A bill for an act related to state taxation and finance and other related matters, by creating, modifying, and eliminating tax credits and tax incentive programs, providing for penalties, and including effective date and retroactive applicability provisions.

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.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates new tax credits and modifies existing ones to support business development and economic growth, aligning with fiscal responsibility measures.92% confidence

Sub-Topics Tax Credits Tax Incentives

signed · Iowa · House Jun 27, 2025

HF 1044: A bill for an act relating to and making appropriations for state government administration and regulation, including the department of administrative services, auditor of state, ethics and campaign disclosure board, offices of governor and lieutenant governor, department of inspections, appeals, and licensing, department of insurance and financial services, department of management, Iowa public employees’ retirement system, public information board, department of revenue, secretary of state, treasurer of state, and utilities commission, and providing for properly related matters including the deposit of captive company premium tax revenue.

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.

Topics ✓ Budget & TaxesSupports Budget & TaxesAllocates state funds to multiple agencies for operations, directly supporting budget execution and fiscal management per appropriations language.95% confidence

Sub-Topics Pensions Revenue State Budget

signed · Iowa · Senate Jun 27, 2025

SF 647: A bill for an act relating to and making appropriations to the education system, including the funding and operation of the department for the blind, department of education, and state board of regents, and including contingent effective date provisions.

SF 647 is a budget bill that allocates state funding to the Department for the Blind, the Department of Education, and the State Board of Regents. It provides financial resources for their day-to-day operations and program delivery. The bill includes specific conditions that determine when certain funding becomes effective. This legislation directly affects these state agencies and the educational services they provide to residents.

Topics ✓ Budget & TaxesSupports Budget & TaxesAllocates state funding to education departments and blind services, directly supporting budget appropriations for public education programs.95% confidence ✓ EducationSupports EducationBill allocates state funding to education departments and agencies, directly advancing operational resources for K-12 and higher education services per appropriations language.95% confidence

Sub-Topics State Budget School Funding

in committee · Iowa · House Mar 10, 2025

HSB 256: A bill for an act relating to matters under the purview of the department of insurance and financial services including financial literacy and exploitation, tax confidentiality, health insurance rates, health savings accounts, insurer withdrawals, property insurance, and service contracts, and including penalties.

This bill creates two new funds managed by Iowa's Department of Insurance: the Financial Literacy and Investor Education Fund and the Financial Exploitation Prevention Fund. It directs $10 from each $40 insurance agent registration fee (paid by agents) into these funds, with additional funding sources including civil penalties and transfers from the commerce revolving fund. The funds will support public education on financial topics, prevent financial exploitation of vulnerable adults, and assist victims of such exploitation. The bill specifies how these funds can be used, including collaborative programs with community organizations, and includes confidentiality rules for exploitation investigation records.

Topics ✓ Budget & TaxesSupports Budget & TaxesRedirects $10 from insurance agent fees into new public education funds for financial literacy/exploitation prevention, increasing funding for these programs.85% confidence ✓ EducationSupports EducationBill creates funds specifically for financial literacy education, directly supporting educational programs as stated in the summary.90% confidence

Sub-Topics Fees & Licensing

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in committee · Iowa · House Mar 18, 2025

HSB 231: A bill for an act relating to the disabled veteran homestead tax credit and including effective date and retroactive applicability provisions.

This bill expands Iowa's homestead tax credit for disabled veterans by creating phased-in eligibility based on service-connected disability ratings. It allows veterans (and eligible National Guard members) with disability ratings of 70%+ to claim a credit equal to their disability percentage (for 2026), 40%+ (for 2027), or 10%+ (for 2028 onward), whichever is greater than the standard homestead credit amount. The credit applies to property taxes due for fiscal years beginning July 1, 2026, and retroactively covers claims filed since January 1, 2025. It specifically excludes veterans who already qualify under existing 100% disability criteria from claiming this expanded credit.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands property tax credit for disabled veterans, providing tax relief through increased credit amounts based on disability rating.95% confidence ✓ VeteransSupports VeteransExpands tax credit for disabled veterans based on disability rating, increasing benefits over time through phased eligibility thresholds.95% confidence

Sub-Topics Veteran Benefits Veteran Education Veteran Healthcare

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