Iowa legislation · 91st General Assembly
Iowa SF2326: A BILL FOR An Act modifying first-time homebuyers savings accounts, and including retroactive applicability provisions
Status: In committee, February 23, 2026
An Act modifying first-time homebuyers savings accounts, and including retroactive applicability provisions.
What the bill says
A bill FOR An Act modifying first-time homebuyers savings accounts, and including retroactive applicability provisions.
From the introduced text, February 12, 2026:
A BILL FOR An Act modifying first-time homebuyers savings accounts, and including retroactive applicability provisions. BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: TLSB 6762XS (4) jm/jh S.F. 2326 Section 1. Section 422.7, subsection 27, paragraph a, subparagraph (1), unnumbered paragraph 1, Code 2026, is amended to read as follows: The Except for an employer account holder, the amount of contributions made by an account holder during the tax year to the account holder's first-time homebuyer savings accounts, not to exceed the following annual limit: Sec. 2. Section 422.7, Code 2026, is amended by adding the following new subsection: NEW SUBSECTION. 27A. Subtract, to the extent included, the amount of funds withdrawn from a first-time homebuyer savings account that were contributed by an employer on behalf of the taxpayer pursuant to chapter 541B, plus any interest that has accrued on such contribution, that were used for the payment or reimbursement of the taxpayer's eligible home costs in connection with a qualified home purchase in accordance with chapter 541B. Sec. 3. Section 422.35, Code 2026, is amended by adding the following new subsection: NEW SUBSECTION. 15. a. Subject to the restrictions in paragraph "b", subtract, to the extent included, income from interest received from the taxpayer's first-time homebuyer savings accounts established pursuant to chapter 541B. b. The …
Sponsors
- Garriott, Sarah Trone (D, 14) · primary sponsor
Latest actions
- : Subcommittee: Zumbach, Donahue, and Kraayenbrink. S.J. 361 .
- : Introduced, referred to Appropriations. S.J. 274 .
Subjects: labor and employment, income taxes, taxation, Gary Smith, savings, real property, accounts, home ownership
Common questions
- What is SF2326?
- SF2326 is a bill in the Iowa Legislature (91st General Assembly): A BILL FOR An Act modifying first-time homebuyers savings accounts, and including retroactive applicability provisions.
- What does SF2326 do?
- In its own words: A bill FOR An Act modifying first-time homebuyers savings accounts, and including retroactive applicability provisions.
- What is the status of SF2326?
- In committee as of February 23, 2026. Latest action: Subcommittee: Zumbach, Donahue, and Kraayenbrink. S.J. 361 . (February 23, 2026).
- Who sponsored SF2326?
- Garriott, Sarah Trone (D, 14).
- Where is the official record for SF2326?
- On the Iowa Legislature website: https://www.legis.iowa.gov/legislation/BillBook?ba=SF+2326&ga=91
Source: official Iowa record. Tracked by Delilah, AI for legislation across all 50 states and Congress.