Iowa legislation · 91st General Assembly
Iowa HF109: A BILL FOR An Act relating to the maximum amount 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, January 22, 2025
An Act relating to the maximum amount 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 maximum amount 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, January 22, 2025:
A BILL FOR An Act relating to the maximum amount 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 2073HH (1) 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 fifty million dollars for purposes of this paragraph. Of the moneys allocated under this paragraph, seventeen twenty-five 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. EXPLANATION The inclusion of this explanation does not constitute agreement with the explanation's substance by the members of the general assembly. Currently, certain economic development tax credit amounts are capped at $170 million in the aggregate per fiscal year under Code section 15.119. In allocating the tax credits pursuant to Code section 15.119, the workforce housing tax incentive program limit is $35 million in most instances, and of that amount, $17.5 million is …
Sponsors
- Jacob Bossman (R, 14) · primary sponsor
Latest actions
- : Introduced, referred to Ways and Means. H.J. 110 .
Common questions
- What is HF109?
- HF109 is a bill in the Iowa Legislature (91st General Assembly): A BILL FOR An Act relating to the maximum amount 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 HF109 do?
- In its own words: A bill FOR An Act relating to the maximum amount 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 HF109?
- In committee as of January 22, 2025. Latest action: Introduced, referred to Ways and Means. H.J. 110 . (January 22, 2025).
- Who sponsored HF109?
- Jacob Bossman (R, 14).
- Where is the official record for HF109?
- On the Iowa Legislature website: https://www.legis.iowa.gov/legislation/BillBook?ba=HF+0109&ga=91
Source: official Iowa record. Tracked by Delilah, AI for legislation across all 50 states and Congress.