A bill for an act creating a Caitlin Clark and Lisa Bluder monument tax credit and fund available against the individual and corporate income taxes, the franchise tax, the insurance premiums tax, and the moneys and credits tax.

HF 203 creates a tax credit allowing Iowa taxpayers to claim 25% of donations to a dedicated fund for a monument honoring basketball players Caitlin Clark and Lisa Bluder. The credit applies against individual income tax, corporate income tax, franchise tax, insurance premiums tax, and moneys and credits tax, with a total annual limit of $1 million and a maximum credit of 5% per donor. Donations of $30,000 or less are reserved for 10% of the total credit pool, and excess credits can be carried forward for up to five years. The monument fund, managed by the state authority, must be used solely for constructing the monument and expires in 2035.