What is the status of HF2078?

In committee as of February 18, 2026. Latest action: Subcommittee recommends passage. (February 18, 2026).

Where is the official record for HF2078?

On the Iowa Legislature website: https://www.legis.iowa.gov/legislation/BillBook?ba=HF+2078&ga=91

Iowa legislation · 91st General Assembly

Iowa HF2078: A BILL FOR An Act relating to resident dependents not enrolled in a public school or receiving an educational savings account payment by creating an opportunity tax credit available against the individual income tax, creating a fund, making appropriations, and including effective date and retroactive applicability provisions

Q: What is HF2078?

HF2078 is a bill in the Iowa Legislature (91st General Assembly): A BILL FOR An Act relating to resident dependents not enrolled in a public school or receiving an educational savings account payment by creating an opportunity tax credit available against the individual income tax, creating a fund, making appropriations, and including effective date and retroactive applicability provisions.

Q: What does HF2078 do?

In its own words: A bill FOR An Act relating to resident dependents not enrolled in a public school or receiving an educational savings account payment by creating an opportunity tax credit available against the individual income tax, creating a fund, making appropriations, and including effective date and retroactive applicability provisions.

Status: In committee, February 18, 2026

An Act relating to resident dependents not enrolled in a public school or receiving an educational savings account payment by creating an opportunity tax credit available against the individual income tax, creating a fund, making appropriations, and including effective date and retroactive applicability provisions.

What the bill says

A bill FOR An Act relating to resident dependents not enrolled in a public school or receiving an educational savings account payment by creating an opportunity tax credit available against the individual income tax, creating a fund, making appropriations, and including effective date and retroactive applicability provisions.

From the introduced text, January 15, 2026:

A BILL FOR An Act relating to resident dependents not enrolled in a public school or receiving an educational savings account payment by creating an opportunity tax credit available against the individual income tax, creating a fund, making appropriations, and including effective date and retroactive applicability provisions. BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: TLSB 5532YH (7) jm/jh H.F. 2078 Section 1. SHORT TITLE. This Act shall be known as the "Opportunity Tax Credit Act". Sec. 2. NEW SECTION. 422.12R Opportunity tax credit. 1. As used in this section, "dependent" has the same meaning as provided by the Internal Revenue Code. 2. a. The taxes imposed under this subchapter, less the credits allowed under section 422.12, shall be reduced by an opportunity tax credit equal to four thousand dollars for each resident dependent of the taxpayer eligible to enroll in a school district in this state and who is not enrolled in a school district or receiving an education savings account payment pursuant to section 257.11B, if any of the following apply to the resident dependent in the tax year the credit is claimed: (1) Eligibility to attend kindergarten in a public school in this state. (2) Attendance at a public school in this state for at least one semester in the immediately preceding academic …

What the bill says

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