Budget & Taxes

in committee · Iowa · Senate Apr 30, 2026

SSB 3196: A bill for an act relating to salaries of state elected officials, and including applicability and future repeal provisions.

This bill establishes fixed annual salaries for Iowa state elected officials, including members of the General Assembly and key executive officers, effective January 2027. It sets specific pay amounts for regular assembly members and leadership roles through 2032, with a provision to revert to previous salary levels starting in 2033. The legislation also defines expense allowances, travel reimbursement rules, and per diem rates for legislative sessions, while explicitly repealing these new salary provisions after December 31, 2032.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill sets fixed salaries for officials, which restricts future budget flexibility and limits spending on executive/legislative compensation.85% confidence

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in committee · Iowa · Senate Feb 19, 2026

SSB 3136: A bill for an act relating to the permissible uses of certain school district property tax revenue for urban renewal projects and including effective date provisions.

This bill prohibits using school district property taxes (specifically foundation taxes under Iowa law) to fund urban renewal projects approved on or after January 1, 2025, that include stadiums or arenas primarily for professional sports teams. It directly affects school districts collecting these taxes and municipalities developing urban renewal projects. The key provision blocks the use of designated tax revenue for stadium construction, planning, or operation within such projects. The restriction applies only to new projects approved after 2025, not existing ones. The bill takes effect immediately upon enactment.

Topics ✗ Budget & TaxesOpposes Budget & TaxesRestricts use of school property tax revenue for stadium projects, defunding urban renewal spending on professional sports facilities.95% confidence ✓ EducationSupports EducationBill prevents school district property tax revenue from funding stadium projects, protecting educational funding by ensuring tax revenue stays for school purposes rather than diverting to non-educational urban renewal.92% confidence

Sub-Topics Property Tax Revenue

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introduced · Iowa · House Mar 19, 2026

HF 2304: A bill for an act relating to indirect costs charged to state-funded grants, and including applicability provisions.

HF 2304 sets a statewide 5% cap on indirect costs (administrative expenses like office space or general management) charged to state-funded grants, effective July 1, 2026. It directly affects grantees - including nonprofits, local governments, schools, and for-profit organizations - and state departments managing grants by requiring separate budgeting of direct and indirect costs, prohibiting cost reclassification to bypass the cap, and mandating documentation for audits. The bill requires grant budgets to detail indirect cost calculations and retain records for ten years, with departments enforcing compliance through pre-award reviews and payment controls. Grantees must also adjust allocations if indirect costs exceed the limit, with disallowed costs recoverable through future payments or repayment.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill imposes 5% cap on indirect costs for state grants, restricting administrative spending and limiting budget allocation for overhead expenses.95% confidence

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in committee · Iowa · Senate Feb 11, 2026

SSB 3105: A bill for an act creating a state corporate income tax deduction for net controlled foreign corporation tested income, and including retroactive applicability provisions.

This bill updates Iowa's corporate tax code to allow a deduction for income earned by corporations from foreign operations (now termed "net controlled foreign corporation tested income" or NCTI under federal law), replacing outdated references to the previous federal term "GILTI." It directly affects Iowa corporations with foreign subsidiaries that pay taxes on foreign earnings. The key mechanism removes the specific reference to "GILTI" in tax code section 422.35(12) and aligns the deduction with the current federal definition of NCTI under IRC section 951A. The deduction applies retroactively to tax years beginning January 1, 2026.

Topics ✗ Budget & TaxesOpposes Budget & TaxesCreates corporate tax deduction reducing state revenue, aligning with federal tax code updates for foreign income.85% confidence

Sub-Topics Business Taxes Income Tax

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in committee · Iowa · Senate Mar 19, 2026

SF 2386: A bill for an act relating to indirect costs charged to state-funded grants, and including applicability provisions.

SF 2386 sets a 5% cap on administrative costs (indirect costs) charged to state-funded grants in Iowa, effective July 1, 2026. It applies to all state departments awarding grants and grant recipients, including nonprofits, schools, and local governments. The bill requires grants to separately list direct and indirect costs in budgets, mandates documentation for all indirect cost calculations, and prohibits reclassifying indirect costs as direct costs to bypass the cap. Departments must enforce the limit during grant approval and monitoring, and disallowed costs must be recovered.

Topics ✗ Budget & TaxesOpposes Budget & TaxesCaps indirect costs on state grants at 5%, restricting administrative budget expenditures for state-funded programs.90% confidence

Sub-Topics State Budget

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in committee · Iowa · Senate Apr 15, 2026

SF 2292: A bill for an act creating a state corporate income tax deduction for net controlled foreign corporation tested income, and including retroactive applicability provisions.

SF 2292 updates Iowa's corporate tax code to maintain a deduction for net controlled foreign corporation tested income (NCTI), aligning with recent federal tax law changes. It replaces the outdated reference to "global intangible low-taxed income" (GILTI) with NCTI under federal Section 951A, ensuring Iowa businesses can still claim this deduction. The bill directly affects Iowa corporations with foreign operations that previously relied on this deduction under state law. It applies retroactively to tax years beginning January 1, 2026, to correct a technical gap caused by federal legislation.

Topics ✗ Budget & TaxesOpposes Budget & TaxesCreates corporate tax deduction for foreign operations, reducing state revenue; aligns with tax breaks for businesses per indicators.85% confidence

Sub-Topics Business Taxes Income Tax

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in committee · Iowa · House Feb 6, 2026

HF 2342: A bill for an act providing for the future repeal of tax credits.

HF 2342 sets specific future dates for repealing various Iowa tax credit programs. The bill specifies that existing tax credits (like those for renewable chemicals, sustainable aviation fuel, and job creation) will end between 2028 and 2041, with most repeals occurring by 2032. It directly affects taxpayers and businesses currently claiming or planning to claim these credits, as they will no longer be available after the designated dates. The bill includes a key exception preserving credits issued or earned before January 1, 2032, ensuring existing agreements and carryforwards remain valid.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill repeals multiple tax credits (renewable energy, job creation) ending tax benefits for businesses, directly restricting tax relief and increasing state revenue by limiting credits.95% confidence ✗ EnergyOpposes EnergyRepeals tax credits for renewable energy programs (sustainable aviation fuel, renewable chemicals), removing financial incentives that support clean energy development.90% confidence ✗ EnvironmentOpposes EnvironmentBill repeals tax credits for renewable chemicals and sustainable aviation fuel, removing key incentives for clean energy, thus weakening environmental protections.95% confidence

Sub-Topics Tax Credits Tax Incentives

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in committee · Iowa · Senate Feb 16, 2026

SF 2321: A bill for an act repealing the education savings account program.

This bill repeals Iowa's education savings account program, which provided state-funded vouchers to families for nonpublic school expenses like tuition, tutoring, and learning materials. It removes the program from state law (repealing Section 257.11B) and adjusts related funding calculations in school finance codes to exclude students who previously used these accounts. The program directly affected families enrolling children in nonpublic schools who received these state-funded payments. The bill makes no new funding changes but eliminates the program's structure and its impact on school district cost formulas.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill repeals state-funded education savings account program, removing it from law and adjusting school finance to exclude voucher users, directly defunding this spending program and reducing government expenditure.95% confidence ✗ EducationOpposes EducationRepeals state-funded vouchers for private schools, removing public funding from nonpublic education programs.90% confidence

Sub-Topics Higher Education School Choice

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in committee · Iowa · House Feb 18, 2026

HF 2577: A bill for an act relating to property taxes and local government funding by modifying the methodology for determining actual value of property, certain levy rates, bonding procedures, assessment protests, and assessment limitations of certain classes of property, and including retroactive applicability provisions.

HF 2577 modifies Iowa's property tax system to limit annual increases in taxable property values. For residential, commercial, and industrial properties, it prohibits value increases exceeding the prior year's value (2027-2029) or an inflation-linked factor (2030+), unless specific changes occur like ownership shifts, boundary adjustments, or major improvements over 5% of current value. The bill requires assessors to base values on fair market value using standard appraisal methods while restricting consideration of business financial data for commercial/industrial properties. These changes directly affect property owners and local governments relying on property tax revenue for funding. The bill also includes retroactive provisions for certain tax years.

Topics ✗ Budget & TaxesOpposes Budget & TaxesLimits annual property value increases, restricting potential tax revenue growth for local governments by capping valuation increases.90% confidence

Sub-Topics Property Tax Revenue

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in committee · Iowa · Senate Feb 11, 2026

SSB 3103: A bill for an act relating to matters under the purview of the economic development authority, the utilities commission, and the department of education, including creation of the headquarters expansion and development for growth and employment program, and the business incentives for growth program training fund; repeal of the new jobs tax credit program; the major economic growth attraction program; load forecasting and analysis of electric transmission system expansion plans; creation of the electric transmission system expansion planning and analysis and load forecasting fund; the industrial new jobs training program; and including effective date provisions.

SSB 3103 creates the "EDGE Program" (Headquarters Expansion and Development for Growth and Employment), offering tax incentives to businesses that retain or locate corporate headquarters in Iowa. To qualify, businesses must have global presence, generate over 50% revenue outside Iowa, operate in specific sectors (like tech or bioscience), and meet wage/benefit requirements. The bill repeals several existing programs, including the New Jobs Tax Credit and Major Economic Growth Attraction Program, while establishing a new fund for electric transmission system planning. It directly affects eligible businesses seeking state incentives and the Economic Development Authority, which will administer the program.

Topics ✗ Budget & TaxesOpposes Budget & TaxesCreates tax incentives for corporations via EDGE Program, repealing existing tax credits; aligns with 'tax breaks primarily for wealthy' indicator.85% confidence ✓ TechnologySupports TechnologyBill explicitly targets tech sector for tax incentives via EDGE Program, requiring businesses to operate in tech/bioscience to qualify, directly advancing technology industry growth.90% confidence

Sub-Topics Tax Credits Tax Incentives Tags Economic Development

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