A bill for an act relating to the maximum annual gross income for an enterprise to qualify as a targeted small business.

This bill raises the annual gross income limit for businesses to qualify as "targeted small businesses" in Iowa from $4 million to $200 million. It directly affects Iowa businesses that are 51% owned and operated by women, minorities, service-disabled veterans, or people with disabilities. Under the change, qualifying businesses must now have less than $200 million in average annual gross income (over three years) instead of the current $4 million cap. This adjustment would allow larger businesses to access programs supporting these ownership groups.