HF112 • 2026

A bill for an act relating to the maximum annual gross income for an enterprise to qualify as a targeted small business.(See HF 872 .)

Small Business

Passed Legislature

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

Sponsor: MOHR
Last action: 2025-03-31
Official status: Withdrawn. H.J. 871 .
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 annual gross income for an enterprise to qualify as a targeted small business.(See HF 872 .)

What This Bill Does

A bill for an act relating to the maximum annual gross income for an enterprise to qualify as a targeted small business.(See HF 872 .)

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

2025-03-31 Iowa Legislature
Withdrawn. H.J. 871 .
2025-03-07 Iowa Legislature
Committee report approving bill, renumbered as HF 872 .
2025-03-05 Iowa Legislature
Committee vote: Yeas, 13. Nays, 7. Excused, 1. H.J. 526 .
2025-03-05 Iowa Legislature
Committee report, recommending amendment and passage. H.J. 526 .
2025-02-11 Iowa Legislature
Subcommittee recommends passage.
2025-02-06 Iowa Legislature
Subcommittee Meeting: 02/11/2025 12:00PM RM 19.
2025-02-06 Iowa Legislature
Subcommittee: Sorensen, Baeth and Sitzmann. H.J. 264 .
2025-01-23 Iowa Legislature
Introduced, referred to Economic Growth and Technology. H.J. 119 .

Official Summary Text

A bill for an act relating to the maximum annual gross income for an enterprise to qualify as a targeted small business.(See HF 872 .)

Current Bill Text

Read the full stored bill text

House

File

112

-

Introduced

HOUSE

FILE

112

BY

MOHR

A

BILL

FOR

An

Act

relating

to

the

maximum

annual

gross

income

for

an

1

enterprise

to

qualify

as

a

targeted

small

business.

2

BE

IT

ENACTED

BY

THE

GENERAL

ASSEMBLY

OF

THE

STATE

OF

IOWA:

3

TLSB

1259YH

(2)

91

nls/ko

H.F.

112

Section

1.

Section

15.102,

subsection

12,

paragraph

a,

Code

1

2025,

is

amended

to

read

as

follows:

2

a.

“Targeted

small

business”

means

a

small

business

any

3

enterprise

which

is

fifty-one

percent

or

more

owned,

operated,

4

and

actively

managed

by

one

or

more

women,

minority

persons,

5

service-disabled

veterans,

or

persons

with

a

disability

6

provided

the

business

enterprise

meets

all

of

the

following

7

requirements:

8

(1)

Is

located

in

this

state.

9

(2)

Is

operated

for

profit

and

under

a

single

management

.

10

(3)

Has

either

fewer

than

twenty

employees

or

an

annual

11

gross

income

of

less

than

four

two

hundred

million

dollars

12

computed

as

an

average

of

the

three

preceding

fiscal

years.

13

EXPLANATION

14

The

inclusion

of

this

explanation

does

not

constitute

agreement

with

15

the

explanation’s

substance

by

the

members

of

the

general

assembly.

16

This

bill

relates

to

the

maximum

annual

gross

income

for

an

17

enterprise

to

qualify

as

a

targeted

small

business.

Under

the

18

bill,

an

enterprise

must

have

an

annual

gross

income

of

less

19

than

$200

million

to

qualify

as

a

targeted

small

business.

20

Under

current

law,

the

maximum

is

$4

million.

21

-1-

LSB

1259YH

(2)

91

nls/ko

1/

1