Iowa legislation · 91st General Assembly
Iowa HF659: A BILL FOR An Act relating to housing in the state by establishing an Iowa housing tax credit program, establishing a neighborhood renovation grant program, and increasing first-time homebuyer tax incentives, and including effective date and applicability provisions
Status: In committee, February 28, 2025
An Act relating to housing in the state by establishing an Iowa housing tax credit program, establishing a neighborhood renovation grant program, and increasing first-time homebuyer tax incentives, and including effective date and applicability provisions.
What the bill says
A bill FOR An Act relating to housing in the state by establishing an Iowa housing tax credit program, establishing a neighborhood renovation grant program, and increasing first-time homebuyer tax incentives, and including effective date and applicability provisions.
From the introduced text, February 28, 2025:
A BILL FOR An Act relating to housing in the state by establishing an Iowa housing tax credit program, establishing a neighborhood renovation grant program, and increasing first-time homebuyer tax incentives, and including effective date and applicability provisions. BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: TLSB 2608YH (5) jm/jh H.F. DIVISION I IOWA HOUSING TAX CREDIT PROGRAM Section 1. NEW SECTION. 16.37A Definitions. For purposes of this part, unless the context otherwise requires: 1. "Compliance period" means the period of fifteen years beginning with the first taxable year of the credit period. 2. "Credit period" means the period of ten tax years beginning with the tax year in which a qualified development is placed in service and the Iowa housing tax credit may be claimed. If a qualified development consists of more than one building, the qualified development is placed in service in the tax year in which the last building of the qualified development is placed in service. 3. "Department" means the Iowa department of revenue. 4. "Qualified allocation plan" means the qualified allocation plan adopted by the authority pursuant to section 42(m) of the Internal Revenue Code. 5. "Qualified basis" means the qualified basis determined under section 42(c)(1) of the Internal Revenue Code. 6. "Qualified development" means a qualified low-income housing project under …
Sponsors
- Jennifer Konfrst (D, 32) · primary sponsor
- Heather Matson (D, 42)
- Sean Bagniewski (D, 35)
- Mary Madison (D, 31)
- Ken Croken (D, 97)
- Rob Johnson (D, 34)
- Elizabeth Wilson (D, 73)
- Jr, Amos
- Aime Wichtendahl (D, 80)
- Daniel Gosa (D, 81)
- Timi Brown-Powers (D, 61)
- Bob Kressig (D, 75)
Latest actions
- : Introduced, referred to Economic Growth and Technology. H.J. 474 .
Subjects: renovations, income taxes, taxation, grants, Gary Smith, tax credits, community development
Common questions
- What is HF659?
- HF659 is a bill in the Iowa Legislature (91st General Assembly): A BILL FOR An Act relating to housing in the state by establishing an Iowa housing tax credit program, establishing a neighborhood renovation grant program, and increasing first-time homebuyer tax incentives, and including effective date and applicability provisions.
- What does HF659 do?
- In its own words: A bill FOR An Act relating to housing in the state by establishing an Iowa housing tax credit program, establishing a neighborhood renovation grant program, and increasing first-time homebuyer tax incentives, and including effective date and applicability provisions.
- What is the status of HF659?
- In committee as of February 28, 2025. Latest action: Introduced, referred to Economic Growth and Technology. H.J. 474 . (February 28, 2025).
- Who sponsored HF659?
- Jennifer Konfrst (D, 32), with 11 co-sponsors.
- Where is the official record for HF659?
- On the Iowa Legislature website: https://www.legis.iowa.gov/legislation/BillBook?ba=HF+0659&ga=91
Source: official Iowa record. Tracked by Delilah, AI for legislation across all 50 states and Congress.