HF208 • 2026

A bill for an act relating to the allocation 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, WULF, BARKER, VONDRAN, LUNDGREN, HENDERSON, MOHR, SMITH, SIEGRIST and HORA
Last action: 2025-02-24
Official status: Subcommittee recommends passage.
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 allocation 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 allocation 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

2025-02-24 Iowa Legislature
Subcommittee recommends passage.
2025-02-20 Iowa Legislature
Subcommittee Meeting: 02/24/2025 12:00PM House Lounge 2.
2025-02-20 Iowa Legislature
Subcommittee: Vondran, Scheetz and Wulf. H.J. 406 .
2025-02-05 Iowa Legislature
Introduced, referred to Ways and Means. H.J. 181 .

Official Summary Text

A bill for an act relating to the allocation 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

208

-

Introduced

HOUSE

FILE

208

BY

BOSSMAN

,

WULF

,

BARKER

,

VONDRAN

,

LUNDGREN

,

HENDERSON

,

MOHR

,

SMITH

,

SIEGRIST

,

and

HORA

A

BILL

FOR

An

Act

relating

to

the

allocation

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

TLSB

2300HH

(3)

91

jm/jh

H.F.

208

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

million

dollars

for

purposes

of

this

6

paragraph.

Of

the

moneys

allocated

under

this

paragraph,

7

seventeen

million

five

hundred

thousand

dollars

shall

be

8

reserved

for

allocation

to

qualified

housing

projects

in

small

9

cities,

as

defined

in

section

15.352

,

that

are

registered

on

10

or

after

July

1,

2017.

Of

the

remaining

moneys

not

allocated

11

to

projects

in

small

cities,

no

more

than

one-third

of

the

12

remaining

moneys

shall

be

reserved

for

allocation

to

qualified

13

housing

projects

located

wholly

in

the

two

most

populous

14

counties

determined

under

section

15.352,

subsection

10,

15

paragraph

“a”

,

that

are

registered

on

or

after

July

1,

2025.

16

EXPLANATION

17

The

inclusion

of

this

explanation

does

not

constitute

agreement

with

18

the

explanation’s

substance

by

the

members

of

the

general

assembly.

19

Currently,

certain

economic

development

tax

credit

amounts

20

are

capped

at

$170

million

in

the

aggregate

per

fiscal

year

21

under

Code

section

15.119.

In

allocating

the

tax

credits

22

pursuant

to

Code

section

15.119,

the

workforce

housing

tax

23

incentive

program

limit

is

$35

million

in

most

instances,

and

24

of

that

amount

allocated

to

workforce

housing

tax

incentives,

25

$17.5

million

is

reserved

for

projects

in

small

cities.

Of

26

the

remaining

moneys

not

allocated

to

small

cities,

this

bill

27

specifies

that

no

more

than

one-third

of

the

remaining

moneys

28

shall

be

reserved

for

qualified

housing

projects

wholly

located

29

in

the

two

most

populous

counties

in

the

state,

that

are

30

registered

on

or

after

July

1,

2025.

31

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