Iowa legislation · 91st General Assembly
Iowa HF112: A BILL FOR An Act relating to the maximum annual gross income for an enterprise to qualify as a targeted small business
Status: In committee, March 7, 2025
An Act relating to the maximum annual gross income for an enterprise to qualify as a targeted small business.
What the bill says
A bill FOR An Act relating to the maximum annual gross income for an enterprise to qualify as a targeted small business.
From the introduced text, January 23, 2025:
A BILL FOR An Act relating to the maximum annual gross income for an enterprise to qualify as a targeted small business. BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: TLSB 1259YH (2) nls/ko H.F. Section 1. Section 15.102, subsection 12, paragraph a, Code 2025, is amended to read as follows: a. "Targeted small business" means a small business any enterprise which is fifty-one percent or more owned, operated, and actively managed by one or more women, minority persons, service-disabled veterans, or persons with a disability provided the business enterprise meets all of the following requirements: (1) Is located in this state. (2) Is operated for profit and under a single management. (3) Has either fewer than twenty employees or an annual gross income of less than four two hundred million dollars computed as an average of the three preceding fiscal years. EXPLANATION The inclusion of this explanation does not constitute agreement with the explanation's substance by the members of the general assembly. This bill relates to the maximum annual gross income for an enterprise to qualify as a targeted small business. Under the bill, an enterprise must have an annual gross income of less than $200 million to qualify as a targeted small business. Under current law, the maximum is $4 million. LSB 1259YH (2) …
Sponsors
- Gary Mohr (R, 93) · primary sponsor
Latest actions
- : Withdrawn. H.J. 871 .
- : Committee report approving bill, renumbered as HF 872 .
- : Committee vote: Yeas, 13. Nays, 7. Excused, 1. H.J. 526 .
- : Committee report, recommending amendment and passage. H.J. 526 .
- : Subcommittee recommends passage.
- : Subcommittee Meeting: 02/11/2025 12:00PM RM 19.
- : Subcommittee: Sorensen, Baeth and Sitzmann. H.J. 264 .
- : Introduced, referred to Economic Growth and Technology. H.J. 119 .
Votes
- Committee report, recommending amendment and passage. H.J. 526 . (March 5, 2025): 13 yea, 7 nay, passed
Common questions
- What is HF112?
- HF112 is a bill in the Iowa Legislature (91st General Assembly): A BILL FOR An Act relating to the maximum annual gross income for an enterprise to qualify as a targeted small business.
- What does HF112 do?
- In its own words: A bill FOR An Act relating to the maximum annual gross income for an enterprise to qualify as a targeted small business.
- What is the status of HF112?
- In committee as of March 7, 2025. Latest action: Withdrawn. H.J. 871 . (March 31, 2025).
- Who sponsored HF112?
- Gary Mohr (R, 93).
- Where is the official record for HF112?
- On the Iowa Legislature website: https://www.legis.iowa.gov/legislation/BillBook?ba=HF+0112&ga=91
Source: official Iowa record. Tracked by Delilah, AI for legislation across all 50 states and Congress.