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SF2472 • 2026

A bill for an act relating to state and local government taxes, fees, financial authority, and budgets, by modifying property assessment provisions, divisions of revenue, and funding from the secure an advanced vision for education fund, establishing a program for first-time homebuyers, modifying and making appropriations, and including effective date, applicability, and retroactive applicability provisions. (Formerly SSB 3001 .) Effective date: 05/18/2026, 07/01/2026, 01/01/2027. Applicability date: 01/01/2026, 07/01/2026, 01/01/2027, 07/01/2027, 07/01/2028.

A bill for an act relating to state and local government taxes, fees, financial authority, and budgets, by modifying property assessment provisions, divisions of revenue, and funding from the secure an advanced vision for education fund, establishing a program for first-time homebuyers, modifying and making appropriations, and including effective date, applicability, and retroactive applicability provisions. (Formerly SSB 3001 .) Effective date: 05/18/2026, 07/01/2026, 01/01/2027. Applicability date: 01/01/2026, 07/01/2026, 01/01/2027, 07/01/2027, 07/01/2028.

Budget Education Taxes
Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor
COMMITTEE ON WAYS AND MEANS
Last action
2026-05-18
Official status
Signed by Governor .
Effective date
Not listed

Plain English Breakdown

The official source material does not provide specific details on the adjustments to revenue divisions or the exact amounts for first-time homebuyers' assistance.

A Bill About Taxes and Homebuyers

This law changes property tax assessment methods, establishes a program for first-time homebuyers, adjusts revenue divisions, and modifies funding from the Secure an Advanced Vision for Education (SAVE) fund.

What This Bill Does

  • Changes how property taxes are calculated for different types of properties.
  • Creates a new program to assist people buying their first house.
  • Adjusts how money is shared between state and local governments.
  • Modifies the use of funds from the Secure an Advanced Vision for Education (SAVE) fund.

Who It Names or Affects

  • People who own property in the state.
  • First-time homebuyers.
  • Local government agencies that receive funding.

Terms To Know

Secure an Advanced Vision for Education (SAVE) fund
A special fund used to support education projects and improvements.

Limits and Unknowns

  • The bill does not specify the exact amount of money that will be given to first-time homebuyers.
  • It is unclear which specific local government agencies will receive additional funding from the changes made in this law.

Bill History

  1. 2026-05-18 Iowa Legislature

    Signed by Governor .

  2. 2026-05-18 Iowa Legislature

    Reported correctly enrolled, signed by President and Speaker, and sent to Governor.

  3. 2026-05-03 Iowa Legislature

    Message from House. S.J. 1020 .

  4. 2026-05-03 Iowa Legislature

    Explanation of vote. H.J. 05/03 .

  5. 2026-05-03 Iowa Legislature

    Immediate message. S.J. 1017 .

  6. 2026-05-03 Iowa Legislature

    Passed Senate , yeas 41, nays 1. S.J. 1017 .

  7. 2026-05-03 Iowa Legislature

    Senate concurred with S-5210 , as amended. S.J. 1016 .

  8. 2026-05-03 Iowa Legislature

    Amendment S-5260 to S-5210 filed, adopted. S.J. 1016 .

  9. 2026-05-02 Iowa Legislature

    Immediate message. H.J. 1157 .

  10. 2026-05-02 Iowa Legislature

    Explanation of vote. H.J. 1158 .

  11. 2026-05-02 Iowa Legislature

    Passed House , yeas 62, nays 22. H.J. 1156 .

  12. 2026-05-02 Iowa Legislature

    House concurred in Senate amendment H-8495 . H.J. 1156 .

  13. 2026-05-02 Iowa Legislature

    Senate amendment H-8495 filed. H.J. 1156 .

  14. 2026-05-02 Iowa Legislature

    Message from Senate. H.J. 1155 .

  15. 2026-05-01 Iowa Legislature

    Explanation of vote. H.J. 1082 .

  16. 2026-04-23 Iowa Legislature

    Fiscal note .

  17. 2026-04-22 Iowa Legislature

    Message from House, with amendment S-5210 . S.J. 876 .

  18. 2026-04-22 Iowa Legislature

    Immediate message. H.J. 985 .

  19. 2026-04-22 Iowa Legislature

    Passed House , yeas 64, nays 23. H.J. 984 .

  20. 2026-04-22 Iowa Legislature

    Amendment H-8394 adopted, as amended. H.J. 984 .

  21. 2026-04-22 Iowa Legislature

    Amendment H-8398 to amendment H-8394 filed, adopted. H.J. 984 .

  22. 2026-04-22 Iowa Legislature

    Motion to suspend rules failed. H.J. 984 .

  23. 2026-04-22 Iowa Legislature

    Motion to suspend rules for immediate consideration of amendment H-8397 to amendment H-8394 , yeas 26, nays 61. H.J. 982 .

  24. 2026-04-22 Iowa Legislature

    Point of order raised on amendment H-8397 to amendment H-8394 , ruled not germane. H.J. 982 .

  25. 2026-04-22 Iowa Legislature

    Amendment H-8397 filed. H.J. 982 .

  26. 2026-04-22 Iowa Legislature

    Unanimous consent for immediate consideration. H.J. 982 .

  27. 2026-04-21 Iowa Legislature

    Placed on Ways and Means calendar. H.J. 974 .

  28. 2026-04-21 Iowa Legislature

    Committee amendment H-8394 filed. H.J. 974 .

  29. 2026-04-21 Iowa Legislature

    Committee vote: Yeas, 18. Nays, 6. Excused, 1. H.J. 974 .

  30. 2026-04-21 Iowa Legislature

    Committee report, recommending amendment and passage. H.J. 974 .

  31. 2026-04-20 Iowa Legislature

    Subcommittee recommends passage.

  32. 2026-04-20 Iowa Legislature

    Subcommittee reassigned: Nordman, Bloomingdale, McBurney, Wichtendahl and Wulf. H.J. 951 .

  33. 2026-04-20 Iowa Legislature

    Subcommittee: Nordman, Bloomingdale, McBurney, Wichtendahl and Young. H.J. 951 .

  34. 2026-04-17 Iowa Legislature

    Subcommittee Meeting: 04/20/2026 12:00PM RM 103.

  35. 2026-04-16 Iowa Legislature

    Fiscal note .

  36. 2026-04-14 Iowa Legislature

    Fiscal note .

  37. 2026-04-13 Iowa Legislature

    Read first time, referred to Ways and Means. H.J. 875 .

  38. 2026-04-08 Iowa Legislature

    Message from Senate. H.J. 841 .

  39. 2026-04-08 Iowa Legislature

    Immediate message. S.J. 755 .

  40. 2026-04-08 Iowa Legislature

    Passed Senate , yeas 41, nays 4. S.J. 755 .

  41. 2026-04-08 Iowa Legislature

    Amendment S-5175 filed, adopted. S.J. 755 .

  42. 2026-04-08 Iowa Legislature

    Amendment S-5172 filed, adopted. S.J. 754 .

  43. 2026-04-08 Iowa Legislature

    Fiscal note .

  44. 2026-03-16 Iowa Legislature

    Committee report, approving bill. S.J. 578 .

  45. 2026-03-16 Iowa Legislature

    Introduced, placed on Ways and Means calendar. S.J. 577 .

Official Summary Text

A bill for an act relating to state and local government taxes, fees, financial authority, and budgets, by modifying property assessment provisions, divisions of revenue, and funding from the secure an advanced vision for education fund, establishing a program for first-time homebuyers, modifying and making appropriations, and including effective date, applicability, and retroactive applicability provisions. (Formerly SSB 3001 .) Effective date: 05/18/2026, 07/01/2026, 01/01/2027. Applicability date: 01/01/2026, 07/01/2026, 01/01/2027, 07/01/2027, 07/01/2028.