Iowa legislation · 91st General Assembly
Iowa HF208: A BILL FOR An Act relating to the allocation of workforce housing tax incentives available against the individual and corporate income taxes, the franchise tax, the insurance premiums tax, and the moneys and credits tax
Status: In committee, February 24, 2025
An Act relating to the allocation of workforce housing tax incentives available against the individual and corporate income taxes, the franchise tax, the insurance premiums tax, and the moneys and credits tax.
What the bill says
A bill FOR An Act relating to the allocation of workforce housing tax incentives available against the individual and corporate income taxes, the franchise tax, the insurance premiums tax, and the moneys and credits tax.
From the introduced text, February 5, 2025:
A BILL FOR An Act relating to the allocation of workforce housing tax incentives available against the individual and corporate income taxes, the franchise tax, the insurance premiums tax, and the moneys and credits tax. BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: TLSB 2300HH (3) jm/jh H.F. Section 1. Section 15.119, subsection 2, paragraph g, Code 2025, is amended to read as follows: g. The workforce housing tax incentives program administered pursuant to subchapter II, part 17. In allocating tax credits pursuant to this subsection, the authority shall not allocate more than thirty-five million dollars for purposes of this paragraph. Of the moneys allocated under this paragraph, seventeen million five hundred thousand dollars shall be reserved for allocation to qualified housing projects in small cities, as defined in section 15.352, that are registered on or after July 1, 2017. Of the remaining moneys not allocated to projects in small cities, no more than one-third of the remaining moneys shall be reserved for allocation to qualified housing projects located wholly in the two most populous counties determined under section 15.352, subsection 10, paragraph "a", that are registered on or after July 1, 2025. EXPLANATION The inclusion of this explanation does not constitute agreement with the explanation's substance by the members of the general assembly. Currently, certain …
Sponsors
- Jacob Bossman (R, 14) · primary sponsor
- Derek Wulf (R, 76)
- Brett Barker (R, 51)
- Mike Vondran (R, 94)
- Shannon Lundgren (R, 65)
- Robert Henderson (R, 2)
- Gary Mohr (R, 93)
- Jennifer Smith (R, 72)
- Brent Siegrist (R, 19)
- Heather Hora (R, 92)
Latest actions
- : Subcommittee recommends passage.
- : Subcommittee Meeting: 02/24/2025 12:00PM House Lounge 2.
- : Subcommittee: Vondran, Scheetz and Wulf. H.J. 406 .
- : Introduced, referred to Ways and Means. H.J. 181 .
Subjects: income taxes, corporate taxes, taxation, moneys and credits taxes, franchise taxes, Gary Smith, insurance, tax credits
Common questions
- What is HF208?
- HF208 is a bill in the Iowa Legislature (91st General Assembly): A BILL FOR An Act relating to the allocation of workforce housing tax incentives available against the individual and corporate income taxes, the franchise tax, the insurance premiums tax, and the moneys and credits tax.
- What does HF208 do?
- In its own words: A bill FOR An Act relating to the allocation of workforce housing tax incentives available against the individual and corporate income taxes, the franchise tax, the insurance premiums tax, and the moneys and credits tax.
- What is the status of HF208?
- In committee as of February 24, 2025. Latest action: Subcommittee recommends passage. (February 24, 2025).
- Who sponsored HF208?
- Jacob Bossman (R, 14), with 9 co-sponsors.
- Where is the official record for HF208?
- On the Iowa Legislature website: https://www.legis.iowa.gov/legislation/BillBook?ba=HF+0208&ga=91
Source: official Iowa record. Tracked by Delilah, AI for legislation across all 50 states and Congress.