A bill for an act relating to state banks’ purchase of certain federal tax credits.
SSB 1215 allows state banks in Iowa to purchase specific federal tax credits. The bill amends Section 524.901 of the Code 2025, permitting these banks to invest without limitation in federal tax credits authorized under 26 U.S.C. §45 and 26 U.S.C. §48 for their own accounts. This expands the types of investments state banks are allowed to make.
Bill status
in committee
1 of 4 stages cleared
Introduction
Mar 2025
Committee Review
Floor Vote
Governor
Introduced Mar 31, 2025
Last action Apr 16, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
5
Key actions
0
Committee
4
Apr 16, 2025
Legislature · Reported by committee
Subcommittee recommends passage.
Apr 14, 2025
Legislature · Reported by committee
Subcommittee Meeting: 04/16/2025 8:30AM Senate Lounge.
Apr 1, 2025
Legislature · Reported by committee
Subcommittee reassigned: Schultz, Bisignano, and Driscoll.
Apr 1, 2025
Legislature · Reported by committee
Subcommittee: Schultz, Bisignano, and Dawson.
Mar 31, 2025
Legislature · Introduced
Introduced, referred to Ways and Means.
0 primary · 0 co-sponsors
Sponsors
No sponsor information available.
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