HF 960 expands Iowa's sales tax exemption to cover all purchases of central office or transmission equipment used by telecom companies providing commercial services, removing the prior requirement that such equipment be "primarily" used for those services. It directly affects local carriers, cable operators, municipal utilities, cooperatives, and other telecom providers that offer commercial telecommunications services. The key change broadens the existing tax exemption to include all qualifying equipment purchases, meaning these businesses will pay no sales tax on such equipment (and no use tax under Iowa law). This policy change simplifies the exemption without adding new regulations or costs to the state.
This bill creates a new state fund to provide financial assistance for building highway overpasses and underpasses across railway tracks. The Department of Transportation will manage the fund and distribute grants to cities and counties to help cover construction costs. Unlike current rules that only apply to cities, this measure extends similar support to counties, ensuring both local governments can address safety and convenience issues related to railway crossings. The bill also specifies that any interest earned on the fund will remain within it and that the money will not automatically revert to the general treasury at the end of each fiscal year.
This bill allows certain Iowa school districts to temporarily exceed their usual cash reserve tax limits for the 2026-2027 school year if a single property tax correction caused their taxable value to drop by at least $100 million. To do this, the districts must offset the extra money raised for reserves by reducing other local property taxes, such as the management levy, ensuring the total tax amount remains within legal limits. The process requires the district to notify the Department of Management, which will then adjust the official tax rates to reflect these changes. This measure is designed to help districts maintain financial stability after a significant administrative error in property valuation.
This bill expands an existing Iowa state tax credit to include volunteer ambulance drivers, who were previously excluded from the benefit available to certified first responders. By amending the definition of "emergency medical services personnel," the legislation allows these volunteer drivers to claim a $250 tax credit for their services. The change applies retroactively to tax years beginning on or after January 1, 2026, ensuring that eligible individuals can claim the credit for past years.
This bill establishes ongoing state funding for pediatric cancer research at the University of Iowa Hospitals and Clinics. Beginning in fiscal year 2026, the state will allocate one dollar per resident annually to the State Board of Regents, with a maximum cap of three million dollars per year. The funds are restricted specifically to laboratory research and clinical trials, prohibiting their use for administrative overhead or unrelated activities. Additionally, the State Board of Regents must submit an annual report to the governor and the General Assembly detailing how the money was spent.
This bill increases the state funding limit for nonpublic school pupil transportation claims from approximately $8.997 million to $9.184 million for the 2025-2026 fiscal year. The additional funds are specifically designated to reimburse claims that were not previously paid because they were submitted late due to administrative errors. It directs the Iowa Department of Education to use these new moneys to process those delayed reimbursements and takes effect immediately upon enactment.
This bill establishes a new fee structure for wire transmissions, which are defined as money transfers sent to or from locations outside the United States. Financial institutions and their authorized representatives must collect a $5 fee for transfers of $500 or less, plus an additional 2% charge on amounts exceeding $500. The collected fees are submitted quarterly to the state Department of Revenue, with 10% directed to the office to combat human trafficking and the remainder deposited into the state's general fund. The Department of Revenue, working with the Department of Public Safety, is responsible for enforcing compliance, and may recommend license suspensions or revocations for non-payment.
HF 2717 defines "major rules" as those with significant costs ($200k+ annual or $1M+ over 5 years), adverse economic impacts, or Clean Air Act changes. It requires state agencies to classify proposed rules as "major" and provide detailed regulatory analyses covering costs, benefits, alternatives, and impacts on businesses and communities. The bill also mandates that the Legislative Services Agency conduct its own review of major rules, including cost assessments for regulated entities and state revenue effects. This procedural change affects how Iowa agencies develop regulations and directly impacts businesses, local governments, and individuals subject to new rules. The bill is pending in the 2026 legislative session.
This bill directs the Governor of Iowa to opt into a federal tax credit program that allows individuals to receive tax breaks for donating money to scholarship-granting organizations. These organizations are nonprofits that provide financial aid for elementary and secondary education expenses, such as tuition and tutoring, to students in both public and private schools. To maintain eligibility for this program starting in tax years after January 1, 2027, the state's departments of revenue and education must follow federal rules and submit required information to the U.S. Treasury.
HF 1050 modifies how certain aboveground storage tanks are assessed for property tax purposes. The bill specifies that aboveground storage tanks with a capacity of 91,000 gallons or less will no longer be assessed and taxed as real property, regardless of their use. This change directly affects property owners with such tanks and local taxing authorities. The bill takes effect upon enactment and applies retroactively to assessment years beginning on or after January 1, 2025.
