HF109 • 2026

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.

Housing Taxes

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor: BOSSMAN
Last action: 2025-01-22
Official status: Introduced, referred to Ways and Means. H.J. 110 .
Effective date: Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

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 This Bill Does

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.

Limits and Unknowns

This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

2025-01-22 Iowa Legislature
Introduced, referred to Ways and Means. H.J. 110 .

Official Summary Text

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.

Current Bill Text

Read the full stored bill text

House

File

109

-

Introduced

HOUSE

FILE

109

BY

BOSSMAN

A

BILL

FOR

An

Act

relating

to

the

maximum

amount

of

workforce

housing

tax

1

incentives

available

against

the

individual

and

corporate

2

income

taxes,

the

franchise

tax,

the

insurance

premiums

tax,

3

and

the

moneys

and

credits

tax.

4

BE

IT

ENACTED

BY

THE

GENERAL

ASSEMBLY

OF

THE

STATE

OF

IOWA:

5

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H.F.

109

Section

1.

Section

15.119,

subsection

2,

paragraph

g,

Code

1

2025,

is

amended

to

read

as

follows:

2

g.

The

workforce

housing

tax

incentives

program

administered

3

pursuant

to

subchapter

II,

part

17

.

In

allocating

tax

credits

4

pursuant

to

this

subsection

,

the

authority

shall

not

allocate

5

more

than

thirty-five

fifty

million

dollars

for

purposes

of

6

this

paragraph.

Of

the

moneys

allocated

under

this

paragraph,

7

seventeen

twenty-five

million

five

hundred

thousand

dollars

8

shall

be

reserved

for

allocation

to

qualified

housing

projects

9

in

small

cities,

as

defined

in

section

15.352

,

that

are

10

registered

on

or

after

July

1,

2017.

11

EXPLANATION

12

The

inclusion

of

this

explanation

does

not

constitute

agreement

with

13

the

explanation’s

substance

by

the

members

of

the

general

assembly.

14

Currently,

certain

economic

development

tax

credit

amounts

15

are

capped

at

$170

million

in

the

aggregate

per

fiscal

year

16

under

Code

section

15.119.

In

allocating

the

tax

credits

17

pursuant

to

Code

section

15.119,

the

workforce

housing

tax

18

incentive

program

limit

is

$35

million

in

most

instances,

and

19

of

that

amount,

$17.5

million

is

reserved

for

projects

in

20

small

cities.

This

bill

increases

the

workforce

housing

tax

21

incentive

program

maximum

from

$35

million

to

$50

million,

and

22

increases

the

allocation

reserved

for

projects

in

small

cities

23

from

$17.5

million

to

$25

million.

24

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