A bill for an act creating a catastrophic savings account and modifying individual income taxes for account...
Families with catastrophic savings accounts may access tax benefits based on their insurance premiums and expenses.
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HF 988 — A bill for an act creating a catastrophic savings account and modifying individual income taxes for account holders and including applicability provisions.
Last action — Subcommittee: Dawson, Bisignano, and Rowley.
No card. One bill, free forever — alerts when it moves.
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✓Introduced
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✓In Committee
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3Passed House
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4Passed Senate
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5To Executive
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6Enacted
This bill has passed the House. Introduced April 07, 2025. It now moves to the second chamber.
Next likely step: consideration and a floor vote in the Senate.
Prognosis
Where this bill stands today.
Odds of enactment
HighHow often bills like it became law.
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Passed House
Current position in the legislative process.
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1 sponsor
1 primary, 0 co-sponsors signed on.
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Cleared a recorded vote
Passed 1 recorded vote so far.
Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.
In plain language
The bill creates catastrophic savings accounts and modifies tax rules for account holders.
House File 988 establishes catastrophic savings accounts in Iowa, allowing tax deductions for contributions and setting rules for withdrawals. It specifies contribution limits based on insurance premiums and includes penalties for unauthorized withdrawals.
What this means for you
- Workers: If you contribute to a catastrophic savings account, you can deduct those contributions from your taxable income.
- Families: Families with catastrophic savings accounts may access tax benefits based on their insurance premiums and expenses.
- Consumers: Consumers may establish catastrophic savings accounts to save for unexpected disasters and receive tax advantages.
Bill Text
- Introduced View text Current pdf
Action History
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Subcommittee: Dawson, Bisignano, and Rowley.
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Read first time, referred to Ways and Means.
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Message from House.
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Immediate message.
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Passed House, yeas 92, nays 0.
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Introduced, placed on Ways and Means calendar.
Sponsors
- COMMITTEE ON WAYS AND MEANS · Primary
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 0 co-sponsors · 149 not signed on
Sponsors (1)
- COMMITTEE ON WAYS AND MEANS
Co-sponsors (0)
None.
Not signed on (149)
149 members have not signed on to this bill.
Show all 149 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Votes
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Democrat | 31 | 0 | 0 | 1 |
| Unaffiliated | 2 | 0 | 0 | 2 |
| Republican | 61 | 0 | 0 | 5 |
| Total | 94 | 0 | 0 | 8 |
| % of votes cast | 92% | 0% | 0% | 8% |
How each member voted (102)
| Member | Party | Vote |
|---|---|---|
| Jr. | — | Yea |
| Kniff | — | Yea |
| Open | — | Not Voting |
| Sexton | — | Not Voting |
| Adam Zabner | Democrat | Yea |
| Aime Wichtendahl | Democrat | Yea |
| Amy Nielsen | Democrat | Yea |
| Austin Baeth | Democrat | Yea |
| Beth Wessel-Kroeschell | Democrat | Yea |
| Bob Kressig | Democrat | Yea |
| Brian Meyer | Democrat | Yea |
| Daniel Gosa | Democrat | Not Voting |
| David Jacoby | Democrat | Yea |
| Dr. Megan L. Srinivas | Democrat | Yea |
| Elinor A. Levin | Democrat | Yea |
| Elizabeth Wilson | Democrat | Yea |
| Eric J. Gjerde | Democrat | Yea |
| Heather Matson | Democrat | Yea |
| J.D. Scholten | Democrat | Yea |
| Jeff Cooling | Democrat | Yea |
| Jennifer Konfrst | Democrat | Yea |
| Jerome Amos Jr. | Democrat | Yea |
| Josh Turek | Democrat | Yea |
| Ken Croken | Democrat | Yea |
| Kenan Judge | Democrat | Yea |
| Larry McBurney | Democrat | Yea |
| Lindsay James | Democrat | Yea |
| Mary Lee Madison | Democrat | Yea |
| Monica Kurth | Democrat | Yea |
| Rick L. Olson | Democrat | Yea |
| Rob Johnson | Democrat | Yea |
| Ross Wilburn | Democrat | Yea |
| Ruth Ann Gaines | Democrat | Yea |
| Sean Bagniewski | Democrat | Yea |
| Timi M. Brown-Powers | Democrat | Yea |
| Tracy A. Ehlert | Democrat | Yea |
| Ann Meyer | Republican | Yea |
| Austin Harris | Republican | Yea |
| Barb Kniff McCulla | Republican | Yea |
| Bill Gustoff | Republican | Yea |
| Blaine C. Watkins | Republican | Yea |
| Bob Henderson | Republican | Yea |
| Bobby Kaufmann | Republican | Yea |
| Brent Siegrist | Republican | Not Voting |
| Brett Barker | Republican | Yea |
| Brian K. Lohse | Republican | Yea |
| Brooke Boden | Republican | Yea |
| Carter F. Nordman | Republican | Yea |
| Chad Behn | Republican | Yea |
| Chad Ingels | Republican | Yea |
| Charley Thomson | Republican | Yea |
| Christian A. Hermanson | Republican | Yea |
| Cindy Golding | Republican | Yea |
| Craig P. Johnson | Republican | Yea |
| Craig Steven Williams | Republican | Yea |
| Dan Gehlbach | Republican | Yea |
| David E. Young | Republican | Yea |
| David L. Blom | Republican | Yea |
| David Sieck | Republican | Not Voting |
| Dean Fisher | Republican | Yea |
| Derek Wulf | Republican | Yea |
| Devon Wood | Republican | Yea |
| Dr. Steven P. Bradley | Republican | Yea |
| Eddie Andrews | Republican | Yea |
| Gary M. Mohr | Republican | Yea |
| Hans C. Wilz | Republican | Yea |
| Heather Hora | Republican | Yea |
| Helena Hayes | Republican | Yea |
| Henry Stone | Republican | Yea |
| Jacob Bossman | Republican | Yea |
| Jane Bloomingdale | Republican | Yea |
| Jason Gearhart | Republican | Yea |
| Jennifer J. Smith | Republican | Yea |
| John H. Wills | Republican | Yea |
| Jon Dunwell | Republican | Yea |
| Joshua Meggers | Republican | Yea |
| Judd Lawler | Republican | Yea |
| Mark Cisneros | Republican | Yea |
| Mark I. Thompson | Republican | Yea |
| Matt W. Windschitl | Republican | Yea |
| Matthew Rinker | Republican | Not Voting |
| Megan Jones | Republican | Yea |
| Michael R. Bergan | Republican | Yea |
| Mike Vondran | Republican | Yea |
| Norlin G. Mommsen | Republican | Yea |
| Pat Grassley | Republican | Yea |
| Ray Sorensen | Republican | Yea |
| Ryan Weldon | Republican | Yea |
| Sam Wengryn | Republican | Yea |
| Samantha Fett | Republican | Yea |
| Shannon Latham | Republican | Yea |
| Shannon Lundgren | Republican | Yea |
| Skyler Wheeler | Republican | Not Voting |
| Steven C. Holt | Republican | Yea |
| Taylor R. Collins | Republican | Yea |
| Thomas Gerhold | Republican | Yea |
| Thomas Jay Moore | Republican | Yea |
| Thomas M. Jeneary | Republican | Yea |
| Tom Determann | Republican | Yea |
| Tom Shipley | Republican | Yea |
| Travis M. Sitzmann | Republican | Yea |
| Zach Dieken | Republican | Not Voting |
Subjects
Frequently asked questions
- Who sponsors HF 988?
- HF 988 is sponsored by COMMITTEE ON WAYS AND MEANS.
- What is the current status of HF 988?
- This bill has passed the House. Introduced April 07, 2025. It now moves to the second chamber.
- Where can I track HF 988?
- Track HF 988 free on One Click Politics — get push/email alerts when it moves.
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