What is the status of SF2085?

In committee as of March 12, 2026. Latest action: Committee report approving bill, renumbered as SF 2470 . S.J. 563 . (March 12, 2026).

Where is the official record for SF2085?

On the Iowa Legislature website: https://www.legis.iowa.gov/legislation/BillBook?ba=SF+2085&ga=91

Iowa legislation · 91st General Assembly

Iowa SF2085: A BILL FOR An Act relating to event-driven contracts traded on dedicated contract markets by requiring a permit to conduct business in the state, imposing a tax on adjusted revenues, making adjustments to individual and corporate income taxes, providing for fees, and including retroactive applicability provisions

Q: What is SF2085?

SF2085 is a bill in the Iowa Legislature (91st General Assembly): A BILL FOR An Act relating to event-driven contracts traded on dedicated contract markets by requiring a permit to conduct business in the state, imposing a tax on adjusted revenues, making adjustments to individual and corporate income taxes, providing for fees, and including retroactive applicability provisions.

Q: What does SF2085 do?

In its own words: A bill FOR An Act relating to event-driven contracts traded on dedicated contract markets by requiring a permit to conduct business in the state, imposing a tax on adjusted revenues, making adjustments to individual and corporate income taxes, providing for fees, and including retroactive applicability provisions.

Status: In committee, March 12, 2026

An Act relating to event-driven contracts traded on dedicated contract markets by requiring a permit to conduct business in the state, imposing a tax on adjusted revenues, making adjustments to individual and corporate income taxes, providing for fees, and including retroactive applicability provisions.

What the bill says

A bill FOR An Act relating to event-driven contracts traded on dedicated contract markets by requiring a permit to conduct business in the state, imposing a tax on adjusted revenues, making adjustments to individual and corporate income taxes, providing for fees, and including retroactive applicability provisions.

From the introduced text, January 21, 2026:

A BILL FOR An Act relating to event-driven contracts traded on dedicated contract markets by requiring a permit to conduct business in the state, imposing a tax on adjusted revenues, making adjustments to individual and corporate income taxes, providing for fees, and including retroactive applicability provisions. BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: TLSB 5288XS (12) jm/jh S.F. 2085 Section 1. NEW SECTION. 99H.1 Definitions. As used in this chapter, unless the context otherwise requires: 1. "Adjusted revenues" means for each event-driven contract the amount equal to the total charges and fees collected from all traders participating in the event-driven contract less payouts made to traders participating in the event-driven contract, multiplied by the location percentage. 2. "Department" means the department of revenue. 3. "Designated contract market" means a digital marketplace for trading event-driven contracts that is also regulated by the federal commodity futures trading commission. 4. "Director" means the director of revenue. 5. "Economic indicators" means a statistic or data point about an economic activity that allows an analyst to assess current economic performance. 6. "Event-driven contract" means a financial derivative traded on a designated contract market that provides a fixed binary payout based upon the occurrence or nonoccurrence of a specific future event that is contingent upon and determined solely by the definitive …

What the bill says

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