A bill for an act relating to programs administered by the economic development authority by establishing the economic growth attraction program, modifying the certified site and high-quality jobs programs, making appropriations, providing penalties, and including effective date provisions.

This Iowa bill creates a new state program called the Major Economic Growth Attraction Program to offer tax incentives to businesses that bring significant jobs and investment to the state. It also updates existing rules for the certified site and high-quality jobs programs, which help companies locate in Iowa by providing financial benefits. The legislation includes specific definitions for terms like "agricultural land" and "actively engaged in farming" to clarify eligibility for these incentives. Additionally, the bill authorizes funding for these initiatives and establishes penalties for non-compliance with program requirements.