Iowa 2025-2026 Regular Session Status: Enacted

SF 657 — A bill for an act related to state taxation and finance and other related matters, by creating, modifying, and eliminating tax credits and tax incentive programs, providing for penalties, and including effective date and retroactive applicability provisions.

Last action — Explanations of votes.

  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed Senate
  4. ✓
    Passed House
  5. ✓
    To Executive
  6. 6
    Enacted

This bill has been enacted into law. Introduced May 12, 2025. Enacted.

Signed by Governor Kim Reynolds (Republican) on June 06, 2025.

Odds of enactment

High chance

Based on the sponsor, cosponsors, and committee posture, this bill has a high chance of becoming law.

Upgrade to see the exact probability and what's driving it.

A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Advancing 54% · moderate confidence

  • Enacted

    Current position in the legislative process.

  • 1 sponsor

    1 primary, 0 co-sponsors signed on.

  • Mixed recorded votes

    2 passed, 1 failed in recorded votes so far.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

Bill Text

What changed in the latest version

103 added · 250 removed

Plain-language change summary

The latest version of Senate File 657 adds specific wording to clarify its purpose and includes provisions for penalties related to tax credits and incentive programs, while removing some of the previous content that may have been repetitive or unnecessary. This change is important because it helps ensure that the bill is more focused and easier to understand, making it clear how tax incentives will be managed and the consequences for non-compliance. Overall, these updates aim to create a more efficient and effective taxation framework.

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Senate File 657 - Reprinted SENATE FILE 657 BY COMMITTEE ON WAYS AND MEANS (SUCCESSOR TO SSB 1205) (As Amended and Passed by the Senate May 13, 2025) A BILL FOR An Act related to state taxation and finance and other related matters, by creating, modifying, and eliminating tax credits and tax incentive programs, providing for penalties, and including effective date and retroactive applicability provisions.
Senate File 657 - Enrolled Senate File 657 AN ACT RELATED TO STATE TAXATION AND FINANCE AND OTHER RELATED MATTERS, BY CREATING, MODIFYING, AND ELIMINATING TAX CREDITS AND TAX INCENTIVE PROGRAMS, PROVIDING FOR PENALTIES, AND INCLUDING EFFECTIVE DATE AND RETROACTIVE APPLICABILITY PROVISIONS.
SF 657 (2) 91 nls/ko/mb S.F.
DIVISION I ECONOMIC DEVELOPMENT PROGRAMS —— TAX CREDIT LIMITS Section 1.
657 DIVISION I ECONOMIC DEVELOPMENT PROGRAMS —— TAX CREDIT LIMITS Section 1.
(2) Any amount of tax credits authorized and awarded during a fiscal year for a program specified in subsection 2 which are irrevocably declined by the awarded business or revoked by the authority on or before June 30 of the next fiscal year may be reallocated, authorized, and awarded during the fiscal year in which the declination or revocation occurs.
(2) Any amount of tax credits authorized and awarded during a fiscal year for a program specified in subsection 2 which Senate File 657, p.
2 are irrevocably declined by the awarded business or revoked by the authority on or before June 30 of the next fiscal year may be reallocated, authorized, and awarded during the fiscal year in which the declination or revocation occurs.
(2) In allocating tax credits pursuant to this subsection for the fiscal year beginning July 1, 2022, and for each fiscal SF 657 (2) 91 -1- nls/ko/mb 1/72 S.F.
(2) In allocating tax credits pursuant to this subsection for the fiscal year beginning July 1, 2022, and for each fiscal year thereafter, the authority shall not allocate more than sixty-eight million dollars for purposes of this paragraph.
657 year thereafter, the authority shall not allocate more than sixty-eight million dollars for purposes of this paragraph.
In allocating tax credits pursuant to this subsection, the authority shall allocate eight ten million dollars for purposes of this paragraph, unless the authority determines that the tax credits awarded will be less than that amount and the board shall determine the tax credit amount allocated to each program under this paragraph each fiscal year.
In allocating tax credits pursuant to this subsection, the authority shall allocate eight ten million dollars for purposes of this paragraph, unless the authority determines that the tax credits awarded will be less than that amount and the board shall determine the tax credit amount allocated to each program under this paragraph each fiscal Senate File 657, p.
3 year.
The redevelopment tax credit program for brownfields and grayfields administered pursuant to sections 15.293A and 15.293B.
The redevelopment tax credit program for brownfields and grayfields administered pursuant to sections 15.293A and 15.293B .
The workforce housing tax incentives program administered SF 657 (2) 91 -2- nls/ko/mb 2/72 S.F.
The workforce housing tax incentives program administered pursuant to subchapter II, part 17.
657 pursuant to subchapter II, part 17.
In allocating the amount of tax credits authorized pursuant to subsection 1 among the programs specified in subsection 2, the authority shall not allocate more than fifteen million dollars for purposes of subsection 2, paragraph “f”.
In allocating the amount of tax credits authorized pursuant to subsection 1 among the programs specified in subsection 2 , the authority shall not allocate more than fifteen million dollars for purposes of subsection 2, paragraph “f”.
c.
Senate File 657, p.
4 c.
In allocating tax credits pursuant to this subsection for the fiscal year beginning July SF 657 (2) 91 -3- nls/ko/mb 3/72 S.F.
In allocating tax credits pursuant to this subsection for the fiscal year beginning July 1, 2026, and for each fiscal year thereafter, the authority shall not allocate more than fifty million dollars for purposes of this paragraph.
657 1, 2026, and for each fiscal year thereafter, the authority shall not allocate more than fifty million dollars for purposes of this paragraph.
(1) Tax credits revoked under subsection 3 including tax credits revoked up to five years prior to July 1, 2021, and tax credits not awarded under subsection 4 or 5, may be awarded in the next annual application period established in subsection 1, paragraph “c”.
(1) Tax credits revoked under subsection 3 including tax credits revoked up to five years prior to July 1, 2021, and Senate File 657, p.
SF 657 (2) 91 -4- nls/ko/mb 4/72 S.F.
5 tax credits not awarded under subsection 4 or 5, may be awarded in the next annual application period established in subsection 1, paragraph “c”.
657 (2) Any amount of tax credits authorized and awarded during a fiscal year which are irrevocably declined by the awarded investor on or before June 30 of the immediately succeeding fiscal year may be awarded in the next annual application period established in subsection 1, paragraph “c”.
(2) Any amount of tax credits authorized and awarded during a fiscal year which are irrevocably declined by the awarded investor on or before June 30 of the immediately succeeding fiscal year may be awarded in the next annual application period established in subsection 1, paragraph “c”.
Tax credits awarded pursuant to paragraph “a” shall not be counted against the limit under section 15.119, subsection 3 15.293A, subsection 6.
Tax credits awarded pursuant to paragraph “a” shall not be counted against the limit under section 15.119, subsection 3 15.293A, subsection 6 .
Section 15.354, subsection 4, Code 2025, is amended by striking the subsection and inserting in lieu thereof the SF 657 (2) 91 -5- nls/ko/mb 5/72 S.F.
Section 15.354, subsection 4, Code 2025, is amended by striking the subsection and inserting in lieu thereof the following:
657 following:
Senate File 657, p.
4.
6 4.
The maximum aggregate amount of tax incentives that may be awarded and issued under section 15.355 to a housing business for a housing project shall not exceed one million SF 657 (2) 91 -6- nls/ko/mb 6/72 S.F.
The maximum aggregate amount of tax incentives that may be awarded and issued under section 15.355 to a housing business for a housing project shall not exceed one million dollars.
657 dollars.
If a housing business qualifies for a higher amount of tax incentives under section 15.355 than is allowed by the limitation imposed in paragraph “e”, the authority and the housing business may negotiate an apportionment of the reduction in tax incentives between the sales tax refund provided in section 15.355, subsection 2, and the workforce housing investment tax credits provided in section 15.355, subsection 3, provided the total aggregate amount of tax incentives after the apportioned reduction does not exceed the amount in paragraph “e”.
If a housing business qualifies for a higher amount of tax incentives under section 15.355 than is allowed by the limitation imposed in paragraph “e”, the authority and the housing business may negotiate an apportionment of the Senate File 657, p.
7 reduction in tax incentives between the sales tax refund provided in section 15.355, subsection 2, and the workforce housing investment tax credits provided in section 15.355, subsection 3, provided the total aggregate amount of tax incentives after the apportioned reduction does not exceed the amount in paragraph “e”.
The authority shall maintain a list of disaster recovery housing projects awarded tax incentives under the program, so that if the maximum aggregate amount of tax incentives allocated for disaster recovery housing projects under the program is reached in a given fiscal year, such disaster recovery housing projects that were completed but for which tax incentives were not issued shall be placed on a wait list in the order the disaster recovery housing projects were awarded tax incentives pursuant to paragraph “c”, and shall be given priority for receiving tax incentives in succeeding fiscal years maximum tax credit amounts specified in section 15.354, subsection 4, paragraphs SF 657 (2) 91 -7- nls/ko/mb 7/72 S.F.
The authority shall maintain a list of disaster recovery housing projects awarded tax incentives under the program, so that if the maximum aggregate amount of tax incentives allocated for disaster recovery housing projects under the program is reached in a given fiscal year, such disaster recovery housing projects that were completed but for which tax incentives were not issued shall be placed on a wait list in the order the disaster recovery housing projects were awarded tax incentives pursuant to paragraph “c”, and shall be given priority for receiving tax incentives in succeeding fiscal years maximum tax credit amounts specified in section 15.354, subsection 4, paragraphs “a” and “b”.
657 “a” and “b”.
b.
Senate File 657, p.
8 b.
(3) For providing financial assistance to businesses SF 657 (2) 91 -8- nls/ko/mb 8/72 S.F.
(3) For providing financial assistance to businesses engaged in disaster recovery.
657 engaged in disaster recovery.
(6) For deposit in the nuisance property remediation fund established pursuant to section 15.338.
Senate File 657, p.
9 (6) For deposit in the nuisance property remediation fund established pursuant to section 15.338.
“Benefits” means nonwage compensation provided to an SF 657 (2) 91 -9- nls/ko/mb 9/72 S.F.
“Benefits” means nonwage compensation provided to an employee.
657 employee.
“Data center business” means the same as defined in section 423.3, subsection 95.
“Data center business” means the same as defined in Senate File 657, p.
10 section 423.3, subsection 95.
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“Project completion date” means the date by which an SF 657 (2) 91 -10- nls/ko/mb 10/72 S.F.
“Project completion date” means the date by which an eligible business that has been approved by the authority to participate in the program agrees to complete the terms and conditions of the agreement under section 15.506.
657 eligible business that has been approved by the authority to participate in the program agrees to complete the terms and conditions of the agreement under section 15.506.
“Retained job” means a full-time equivalent position that is in existence at the time an eligible business applies for the program that remains continuously filled, and that is at risk of elimination if the proposed project for which the eligible business is applying to the program does not proceed.
“Retained job” means a full-time equivalent position Senate File 657, p.
11 that is in existence at the time an eligible business applies for the program that remains continuously filled, and that is at risk of elimination if the proposed project for which the eligible business is applying to the program does not proceed.
To be eligible to receive tax incentives under the program, a business must meet all of the following SF 657 (2) 91 -11- nls/ko/mb 11/72 S.F.
To be eligible to receive tax incentives under the program, a business must meet all of the following requirements:
657 requirements:
For purposes of this subparagraph, the authority shall consider a letter from the affected local community’s government officials supporting the business’s move away from the affected local community in making a determination whether the business is solely relocating operations.
For purposes of this subparagraph, the authority shall consider a letter from the affected local community’s government officials supporting Senate File 657, p.
12 the business’s move away from the affected local community in making a determination whether the business is solely relocating operations.
The SF 657 (2) 91 -12- nls/ko/mb 12/72 S.F.
The authority may adopt rules under chapter 17A to determine the procedure for establishing requirements for comprehensive benefits.
657 authority may adopt rules under chapter 17A to determine the procedure for establishing requirements for comprehensive benefits.
The authority shall make a good-faith effort to identify existing Iowa businesses in competition with the business being considered for the program.
The authority shall make a good-faith effort to identify Senate File 657, p.
13 existing Iowa businesses in competition with the business being considered for the program.
The business’s proposed project’s economic impact on SF 657 (2) 91 -13- nls/ko/mb 13/72 S.F.
The business’s proposed project’s economic impact on the state.
657 the state.
In determining the eligibility of a business to participate in the program, the authority may engage outside experts to complete a technical, financial, or other review of an application submitted by a business.
In determining the eligibility of a business to participate in the program, the authority may engage outside experts to complete a technical, financial, or other review of Senate File 657, p.
14 an application submitted by a business.
The authority and the board may negotiate with an SF 657 (2) 91 -14- nls/ko/mb 14/72 S.F.
The authority and the board may negotiate with an eligible business regarding the terms of, and the aggregate value of, the tax incentives the eligible business may receive under the program.
657 eligible business regarding the terms of, and the aggregate value of, the tax incentives the eligible business may receive under the program.
After a final determination by the authority, the authority will notify the department of revenue of any required repayment of a tax incentive, which shall be considered a tax payment due and payable to the department of revenue by any taxpayer that claimed the tax incentive, and the failure SF 657 (2) 91 -15- nls/ko/mb 15/72 S.F.
After a final determination by the authority, the authority will notify the department of revenue of any required repayment of a tax incentive, which shall be considered a tax payment due and payable to the department of revenue by any taxpayer that claimed the tax incentive, and the failure to make the repayment may be treated by the department of revenue in the same manner as a failure to pay the tax shown Senate File 657, p.
657 to make the repayment may be treated by the department of revenue in the same manner as a failure to pay the tax shown due, or required to be shown due, with the filing of a return or deposit form.
15 due, or required to be shown due, with the filing of a return or deposit form.
The business shall satisfy all applicable terms of SF 657 (2) 91 -16- nls/ko/mb 16/72 S.F.
The business shall satisfy all applicable terms of the agreement by the project completion date;
657 the agreement by the project completion date;
3.
Senate File 657, p.
16 3.
The contractor or subcontractor shall state under oath, on forms provided by the department of revenue, the amount of the sales of tangible personal property or services rendered, furnished, or performed including water, sewer, gas, and electric utility services upon which sales or use tax has been SF 657 (2) 91 -17- nls/ko/mb 17/72 S.F.
The contractor or subcontractor shall state under oath, on forms provided by the department of revenue, the amount of the sales of tangible personal property or services rendered, furnished, or performed including water, sewer, gas, and electric utility services upon which sales or use tax has been paid during the period for which the refund is claimed, and shall submit the forms to the eligible business before contract completion.
657 paid during the period for which the refund is claimed, and shall submit the forms to the eligible business before contract completion.
The application shall be submitted in the form and manner prescribed by the department of revenue.
The application shall be submitted in the form and manner prescribed by the Senate File 657, p.
17 department of revenue.
The authority shall not issue a tax credit certificate to the eligible business until the eligible business’s project or a SF 657 (2) 91 -18- nls/ko/mb 18/72 S.F.
The authority shall not issue a tax credit certificate to the eligible business until the eligible business’s project or a portion of the project has been placed in service.
657 portion of the project has been placed in service.
The amount claimed by the individual shall be based upon the pro rata share of the individual’s earnings of the partnership, S corporation, limited liability company, cooperative organized under chapter 501 and filing as a partnership for federal tax purposes, or estate or trust.
The amount claimed by the individual shall be based upon the pro rata share of the individual’s earnings of the partnership, S corporation, limited liability company, Senate File 657, p.
18 cooperative organized under chapter 501 and filing as a partnership for federal tax purposes, or estate or trust.
One hundred percent of the tax credit claimed under SF 657 (2) 91 -19- nls/ko/mb 19/72 S.F.
One hundred percent of the tax credit claimed under this section if all or a part of the land, buildings, or other structures for which the tax credit was claimed under this section cease to be eligible for the tax credit within one year after the date the authority issued the tax credit to the eligible business.
657 this section if all or a part of the land, buildings, or other structures for which the tax credit was claimed under this section cease to be eligible for the tax credit within one year after the date the authority issued the tax credit to the eligible business.
Forty percent of the tax credit claimed under this section if all or a part of the land, buildings, or other structures for which the tax credit was claimed under this section cease to be eligible for the tax credit within four years after the date the authority issued the tax credit to the eligible business.
Forty percent of the tax credit claimed under this Senate File 657, p.
19 section if all or a part of the land, buildings, or other structures for which the tax credit was claimed under this section cease to be eligible for the tax credit within four years after the date the authority issued the tax credit to the eligible business.
SF 657 (2) 91 -20- nls/ko/mb 20/72 S.F.
1.
657 1.
A property tax exemption granted under subsection 1 shall apply to all taxing districts, except for school districts, in which the real property is located.
A property tax exemption granted under subsection 1 shall Senate File 657, p.
20 apply to all taxing districts, except for school districts, in which the real property is located.
Each eligible business receiving assistance under this SF 657 (2) 91 -21- nls/ko/mb 21/72 S.F.
Each eligible business receiving assistance under this section shall enter into an agreement with the authority and the agreement shall meet the requirements of section 15.506.
657 section shall enter into an agreement with the authority and the agreement shall meet the requirements of section 15.506.
An agreement entered into on or before December 31, 2025, by a business and the economic development authority pursuant to section 15.330, Code 2025, or amended pursuant to section 15.330A, Code 2025, shall be valid and continue per the terms of the agreement.
An agreement entered into on or before December 31, 2025, by a business and the economic development authority pursuant Senate File 657, p.
21 to section 15.330, Code 2025, or amended pursuant to section 15.330A, Code 2025, shall be valid and continue per the terms of the agreement.
Notwithstanding section 8.33, moneys transferred in accordance with this section that remain unencumbered or SF 657 (2) 91 -22- nls/ko/mb 22/72 S.F.
Notwithstanding section 8.33, moneys transferred in accordance with this section that remain unencumbered or unobligated at the close of the fiscal year shall not revert but shall remain available for expenditure for the purposes designated until the close of the succeeding fiscal year.
657 unobligated at the close of the fiscal year shall not revert but shall remain available for expenditure for the purposes designated until the close of the succeeding fiscal year.
“Tax exemption or credit” also includes sales tax refunds if such refunds are applied for and granted as a form of financial assistance, including but not limited to the refunds allowed in sections 15.331A 15.507 and 423.4.
“Tax exemption or credit” also includes sales tax refunds if such refunds are applied for and Senate File 657, p.
22 granted as a form of financial assistance, including but not limited to the refunds allowed in sections 15.331A 15.507 and 423.4.
SF 657 (2) 91 -23- nls/ko/mb 23/72 S.F.
b.
657 b.
5.
Senate File 657, p.
The business shall not be relocating or reducing SF 657 (2) 91 -24- nls/ko/mb 24/72 S.F.
23 5.
657 operations as described in section 15.329, subsection 1, paragraph “b” follows, and as determined under the discretion of the authority.:
The business shall not be relocating or reducing operations as described in section 15.329, subsection 1, paragraph “b” follows, and as determined under the discretion of the authority.
The SF 657 (2) 91 -25- nls/ko/mb 25/72 S.F.
The authority shall collect the fee from the business after the tax incentive is claimed by the business from the department of revenue.
657 authority shall collect the fee from the business after the tax incentive is claimed by the business from the department of revenue.
Senate File 657, p.
Sec.
24 Sec.
If, upon review of the application, the authority finds that the business has a record of violations of the law, statutes, or rules that tends to show a consistent pattern, the authority shall not provide incentives or assistance to the business unless the authority finds either SF 657 (2) 91 -26- nls/ko/mb 26/72 S.F.
If, upon review of the application, the authority finds that the business has a record of violations of the law, statutes, or rules that tends to show a consistent pattern, the authority shall not provide incentives or assistance to the business unless the authority finds either that the violations did not seriously affect public health, public safety, or the environment, or, if such violations did seriously affect public health, public safety, or the environment, that mitigating circumstances were present.
657 that the violations did not seriously affect public health, public safety, or the environment, or, if such violations did seriously affect public health, public safety, or the environment, that mitigating circumstances were present.
In addition to complying with all applicable requirements in paragraph “b”, a housing business that chooses to be considered as an applicant for tax credits reserved pursuant to section 15.119, subsection 5, for disaster recovery housing projects shall also submit a certification that the applicant’s housing project is located in a county that has been declared a major disaster by the president of the United States on or after March 12, 2019, and is also a county in which individuals are eligible for federal individual assistance.
In addition to complying with all applicable requirements Senate File 657, p.
25 in paragraph “b”, a housing business that chooses to be considered as an applicant for tax credits reserved pursuant to section 15.119, subsection 5, for disaster recovery housing projects shall also submit a certification that the applicant’s housing project is located in a county that has been declared a major disaster by the president of the United States on or after March 12, 2019, and is also a county in which individuals are eligible for federal individual assistance.
SF 657 (2) 91 -27- nls/ko/mb 27/72 S.F.
Sec.
657 Sec.
The repayment or recapture of tax incentives pursuant to this section shall be accomplished in the same manner as provided in section 15.330, subsection 2.
The repayment or recapture of tax incentives pursuant to this Senate File 657, p.
26 section shall be accomplished in the same manner as provided in section 15.330, subsection 2.
SF 657 (2) 91 -28- nls/ko/mb 28/72 S.F.
A claim filed by the housing business in accordance with this subsection shall not be denied by reason of a time limitation provision for filing a refund claim set forth in chapter 421 or 423 section 423.47.
657 A claim filed by the housing business in accordance with this subsection shall not be denied by reason of a time limitation provision for filing a refund claim set forth in chapter 421 or 423 section 423.47.
1.
Senate File 657, p.
27 1.
“Financial assistance” means the same as defined in section 15.327 assistance provided only from the funds, rights, and assets legally available to the authority pursuant to chapter 15 and includes but is not limited to assistance in the SF 657 (2) 91 -29- nls/ko/mb 29/72 S.F.
“Financial assistance” means the same as defined in section 15.327 assistance provided only from the funds, rights, and assets legally available to the authority pursuant to chapter 15 and includes but is not limited to assistance in the form of grants, loans, forgivable loans, and royalty payments.
657 form of grants, loans, forgivable loans, and royalty payments.
The commission shall give priority consideration to approving those projects that target communities that have disproportionately high rates of juvenile crime or low rates of high school graduation or that have been designated as an economically distressed areas as defined in section 15.335C area.
The commission shall give priority consideration to approving those projects that target communities that have disproportionately high rates of juvenile crime or low rates of high school graduation or that have been designated as an Senate File 657, p.
28 economically distressed areas as defined in section 15.335C area.
NEW SUBSECTION .
NEW SUBSECTION.
The county ranks among the thirty-three Iowa counties with the highest average annualized unemployment rates for the most recent five-year period based on the applicable local area unemployment statistics produced by the United States SF 657 (2) 91 -30- nls/ko/mb 30/72 S.F.
The county ranks among the thirty-three Iowa counties with the highest average annualized unemployment rates for the most recent five-year period based on the applicable local area unemployment statistics produced by the United States department of labor, bureau of labor statistics.
657 department of labor, bureau of labor statistics.
The county ranks among the thirty-three Iowa counties with the highest percentage of persons sixty-five years of age or older based on the most recent American community survey five-year estimate released by the United States census bureau.
The county ranks among the thirty-three Iowa counties with the highest percentage of persons sixty-five years of age Senate File 657, p.
29 or older based on the most recent American community survey five-year estimate released by the United States census bureau.
The office may require that a person receiving assistance pursuant to this section contribute up to fifty percent of the amount required to support the costs of contracting with the consultant to provide SF 657 (2) 91 -31- nls/ko/mb 31/72 S.F.
The office may require that a person receiving assistance pursuant to this section contribute up to fifty percent of the amount required to support the costs of contracting with the consultant to provide assistance to the person.
657 assistance to the person.
The taxes imposed under this subchapter shall be reduced by investment tax credits authorized pursuant to section 15.333 and section 15E.193B, subsection 6, Code 2014 sections 15.508 and 15.496.
The taxes imposed under this subchapter shall be reduced by investment tax credits authorized pursuant to section 15.333 and section 15E.193B, subsection 6, Code 2014 sections 15.508 and 15.496 .
Sec.
Senate File 657, p.
30 Sec.
SF 657 (2) 91 -32- nls/ko/mb 32/72 S.F.
Sec.
657 Sec.
DIVISION VI SEED INVESTOR TAX CREDIT PROGRAM AND INNOVATION FUND INVESTMENT TAX CREDITS Sec.
DIVISION VI SEED INVESTOR TAX CREDIT PROGRAM AND INNOVATION FUND INVESTMENT TAX CREDITS Senate File 657, p.
31 Sec.
The purpose of this subchapter is to stimulate job growth, create wealth, and accelerate the creation of new ventures by using investment tax credits to incentivize the transfer of SF 657 (2) 91 -33- nls/ko/mb 33/72 S.F.
The purpose of this subchapter is to stimulate job growth, create wealth, and accelerate the creation of new ventures by using investment tax credits to incentivize the transfer of capital from investors to entrepreneurs, particularly during early-stage growth.
657 capital from investors to entrepreneurs, particularly during early-stage growth.
For tax years beginning on or after January 1, 2025, a tax credit shall be allowed against the taxes imposed in chapter 422, subchapters II, III, and V, and in chapter 432, and against the moneys and credits tax imposed in section SF 657 (2) 91 -34- nls/ko/mb 34/72 S.F.
For tax years beginning on or after January 1, 2025, a tax credit shall be allowed against the taxes imposed in chapter 422, subchapters II, III, and V, and in chapter 432, and against the moneys and credits tax imposed in section Senate File 657, p.
657 533.329, for a portion of a taxpayer’s equity investment, as provided in subsection 2, in a qualifying business.
32 533.329, for a portion of a taxpayer’s equity investment, as provided in subsection 2, in a qualifying business.
The amount of the tax credit shall equal SF 657 (2) 91 -35- nls/ko/mb 35/72 S.F.
The amount of the tax credit shall equal thirty-five percent of the taxpayer’s equity investment if the qualifying business is located in a rural area at the time of the investment.
657 thirty-five percent of the taxpayer’s equity investment if the qualifying business is located in a rural area at the time of the investment.
(1) The maximum amount of a tax credit that may be issued per fiscal year to a natural person and the person’s spouse or dependent shall not exceed one hundred thousand dollars combined.
(1) The maximum amount of a tax credit that may be Senate File 657, p.
33 issued per fiscal year to a natural person and the person’s spouse or dependent shall not exceed one hundred thousand dollars combined.
The authority shall not issue tax credits under this SF 657 (2) 91 -36- nls/ko/mb 36/72 S.F.
The authority shall not issue tax credits under this section in excess of the amount approved by the authority for any one fiscal year pursuant to section 15.119, subsection 2, paragraph “a”.
657 section in excess of the amount approved by the authority for any one fiscal year pursuant to section 15.119, subsection 2, paragraph “a”.
The authority shall develop a system for registration and issuance of tax credits authorized pursuant to this subchapter and shall control distribution of all tax credit certificates to investors pursuant to this subchapter.
The authority shall develop a system for registration and issuance of tax credits authorized pursuant to this subchapter and shall control distribution of all tax credit certificates Senate File 657, p.
34 to investors pursuant to this subchapter.
In determining whether a business is primarily engaged in advanced manufacturing, biosciences, insurance and finance, or SF 657 (2) 91 -37- nls/ko/mb 37/72 S.F.
In determining whether a business is primarily engaged in advanced manufacturing, biosciences, insurance and finance, or technologies, the authority shall consider the business’s North American industry classification system code, the business’s main sources of revenue, and the business’s customer base.
657 technologies, the authority shall consider the business’s North American industry classification system code, the business’s main sources of revenue, and the business’s customer base.
A business that has participated in an entrepreneurial assistance program shall be presumed to meet the requirement of this paragraph.
A business that has participated in an entrepreneurial assistance program Senate File 657, p.
35 shall be presumed to meet the requirement of this paragraph.
A business that has been certified by the authority as a qualifying business shall annually submit an application to the SF 657 (2) 91 -38- nls/ko/mb 38/72 S.F.
A business that has been certified by the authority as a qualifying business shall annually submit an application to the authority that documents continued eligibility as a qualifying business and any investments that may qualify for a tax credit.
657 authority that documents continued eligibility as a qualifying business and any investments that may qualify for a tax credit.
If any equity investor included in the initial allocation is denied a tax credit, the authority may allocate such tax credits to equity investors that were not included in the initial allocation.
If any Senate File 657, p.
36 equity investor included in the initial allocation is denied a tax credit, the authority may allocate such tax credits to equity investors that were not included in the initial allocation.
SF 657 (2) 91 -39- nls/ko/mb 39/72 S.F.
Sec.
657 Sec.
The authority shall include as part of the annual report under section 15.107B a listing of eligible qualifying businesses, the number of tax credit certificates, and the amount of tax credits issued by the authority in each fiscal year.
The authority shall include as part of the annual report under section 15.107B a listing of eligible qualifying businesses, the number of tax credit certificates, and the amount of tax credits issued by the authority in each fiscal Senate File 657, p.
37 year.
The fund proposes to obtain at least fifteen three million dollars in binding investment commitments and to invest SF 657 (2) 91 -40- nls/ko/mb 40/72 S.F.
The fund proposes to obtain at least fifteen three million dollars in binding investment commitments and to invest a minimum of fifteen three million dollars in companies that have a principal place of business in the state.
657 a minimum of fifteen three million dollars in companies that have a principal place of business in the state.
DIVISION VIII INVESTMENTS IN QUALIFYING BUSINESS TAX CREDIT PROGRAM —— CONFORMING CHANGES Sec.
DIVISION VIII INVESTMENTS IN QUALIFYING BUSINESS TAX CREDIT PROGRAM —— CONFORMING CHANGES Senate File 657, p.
38 Sec.
A taxpayer shall not claim a tax credit under this section if the taxpayer is a venture capital investment fund allocation manager for the Iowa fund of funds created in section 15E.65 or an investor that receives a tax credit for the same investment in a qualifying business as described in section 15E.44 or in a community-based seed capital fund as SF 657 (2) 91 -41- nls/ko/mb 41/72 S.F.
A taxpayer shall not claim a tax credit under this section if the taxpayer is a venture capital investment fund allocation manager for the Iowa fund of funds created in section 15E.65 or an investor that receives a tax credit for the same investment in a qualifying business as described in section 15E.44 or in a community-based seed capital fund as described in section 15E.45, Code 2015 15E.28.
657 described in section 15E.45, Code 2015 15E.28.
The sections of this division of this Act amending sections 422.11F, 422.33, 422.60, 432.12C, and 533.329 shall not limit, modify, or otherwise adversely affect any amount of investment tax credit under section 15E.43, Code 2025, that was issued, awarded, or allowed before July 1, 2026, and shall not limit, modify, or otherwise adversely affect a taxpayer’s right to claim or redeem an investment tax credit under section 15E.43, Code SF 657 (2) 91 -42- nls/ko/mb 42/72 S.F.
The sections of Senate File 657, p.
657 2025, that was issued, awarded, or allowed before July 1, 2026, including but not limited to any tax credit carryforward amount.
39 this division of this Act amending sections 422.11F, 422.33, 422.60, 432.12C, and 533.329 shall not limit, modify, or otherwise adversely affect any amount of investment tax credit under section 15E.43, Code 2025, that was issued, awarded, or allowed before July 1, 2026, and shall not limit, modify, or otherwise adversely affect a taxpayer’s right to claim or redeem an investment tax credit under section 15E.43, Code 2025, that was issued, awarded, or allowed before July 1, 2026, including but not limited to any tax credit carryforward amount.
The authority shall establish and administer an Iowa film production incentive program for the purpose of providing rebates to qualified production facilities for qualified expenditures.
The authority shall establish and administer an Iowa Senate File 657, p.
SF 657 (2) 91 -43- nls/ko/mb 43/72 S.F.
40 film production incentive program for the purpose of providing rebates to qualified production facilities for qualified expenditures.
657 b.
b.
In determining whether to approve a rebate, the factors the authority may consider include but are not limited SF 657 (2) 91 -44- nls/ko/mb 44/72 S.F.
In determining whether to approve a rebate, the factors the authority may consider include but are not limited to all of the following:
657 to all of the following:
Senate File 657, p.
a.
41 a.
The cumulative value of rebates claimed by qualified SF 657 (2) 91 -45- nls/ko/mb 45/72 S.F.
The cumulative value of rebates claimed by qualified production facilities pursuant to this section shall not exceed four million dollars.
657 production facilities pursuant to this section shall not exceed four million dollars.
Notwithstanding section 8.33, moneys in the fund that remain unencumbered or unobligated at the close of the fiscal year shall not revert but shall remain available for expenditure for the purposes designated until the close of the succeeding fiscal year.
Notwithstanding section 8.33, moneys in the fund that remain unencumbered or unobligated at the close of the fiscal year shall not revert but shall remain available for Senate File 657, p.
42 expenditure for the purposes designated until the close of the succeeding fiscal year.
SF 657 (2) 91 -46- nls/ko/mb 46/72 S.F.
NEW SUBSECTION .
657 NEW SUBSECTION.
NEW SUBSECTION.
NEW SUBSECTION .
The taxes imposed under this subchapter shall be reduced by an employer child care tax credit allowed pursuant to section 237A.31.
The taxes imposed under this subchapter shall be Senate File 657, p.
43 reduced by an employer child care tax credit allowed pursuant to section 237A.31.
SF 657 (2) 91 -47- nls/ko/mb 47/72 S.F.
(5) (a) The assistive device corporate tax credit under section 422.33.
657 (5) (a) The assistive device corporate tax credit under section 422.33.
A small business purchasing, renting, or modifying an assistive device or making workplace modifications for an individual with a disability who is employed or will be employed by the small business is eligible, subject to availability of credits, to receive this assistive device tax credit which is equal to fifty percent of the first five thousand dollars paid during the tax year for the purchase, rental, or modification of the assistive device or for making the workplace modifications.
A small business purchasing, renting, or modifying an assistive device or making workplace modifications for an individual with a disability who is employed or will be employed by the small business is eligible, subject to availability of credits, to receive this assistive device Senate File 657, p.
44 tax credit which is equal to fifty percent of the first five thousand dollars paid during the tax year for the purchase, rental, or modification of the assistive device or for making the workplace modifications.
This division of this SF 657 (2) 91 -48- nls/ko/mb 48/72 S.F.
This division of this Act applies retroactively to January 1, 2025, for tax years beginning on or after that date.
657 Act applies retroactively to January 1, 2025, for tax years beginning on or after that date.
NEW SUBSECTION.
Senate File 657, p.
45 NEW SUBSECTION .
SF 657 (2) 91 -49- nls/ko/mb 49/72 S.F.
c.
657 c.
The taxes imposed under this subchapter shall be reduced by a state tax credit for increasing research activities in this state through the tax year beginning on or after January 1, 2025, but before January 1, 2026 .
The taxes imposed under this subchapter shall be reduced by Senate File 657, p.
46 a state tax credit for increasing research activities in this state through the tax year beginning on or after January 1, 2025, but before January 1, 2026 .
SF 657 (2) 91 -50- nls/ko/mb 50/72 S.F.
Sec.
657 Sec.
NEW PARAGRAPH .
Senate File 657, p.
47 NEW PARAGRAPH .
“Eligible expenditures” means qualified research expenses SF 657 (2) 91 -51- nls/ko/mb 51/72 S.F.
“Eligible expenditures” means qualified research expenses under section 41 of the Internal Revenue Code, to the extent the expenditures occurred in this state.
657 under section 41 of the Internal Revenue Code, to the extent the expenditures occurred in this state.
g.
Senate File 657, p.
48 g.
SF 657 (2) 91 -52- nls/ko/mb 52/72 S.F.
3.
657 3.
A business shall submit a preapplication to the authority to determine whether the business is primarily engaged in an eligible sector identified in section 15.522 and is actively engaged in qualified research and development.
A business shall submit a preapplication to the authority to determine whether the business is primarily engaged in an eligible sector identified in section 15.522 and is Senate File 657, p.
The determination made by the authority shall be based on factors SF 657 (2) 91 -53- nls/ko/mb 53/72 S.F.
49 actively engaged in qualified research and development.
657 including but not limited to the North American industry classification code and sources of revenue.
The determination made by the authority shall be based on factors including but not limited to the North American industry classification code and sources of revenue.
SF 657 (2) 91 -54- nls/ko/mb 54/72 S.F.
5.
657 5.
Each fiscal year, the authority will approve tax credit awards by apportioning the amount of tax credits available Senate File 657, p.
Each fiscal year, the authority will approve tax credit awards by apportioning the amount of tax credits available pursuant to section 15.119 on a pro rata basis, based on the total amount of eligible expenditures incurred by all qualified businesses that are awarded a tax credit.
50 pursuant to section 15.119 on a pro rata basis, based on the total amount of eligible expenditures incurred by all qualified businesses that are awarded a tax credit.
Upon submission of the documentation required pursuant to section 15.523, subsection 4, and verification of eligible expenditures by the authority, the authority may issue a tax SF 657 (2) 91 -55- nls/ko/mb 55/72 S.F.
Upon submission of the documentation required pursuant to section 15.523, subsection 4, and verification of eligible expenditures by the authority, the authority may issue a tax credit certificate to a qualified business indicating the amount available to be claimed.
657 credit certificate to a qualified business indicating the amount available to be claimed.
The tax credit shall be claimed in the tax year immediately following the tax year during which the eligible expenditures were incurred.
The tax credit shall be claimed in the tax year immediately following the tax year during which the eligible expenditures Senate File 657, p.
51 were incurred.
The maximum amount of tax credits the authority may issue under this section each fiscal year shall not exceed the amount SF 657 (2) 91 -56- nls/ko/mb 56/72 S.F.
The maximum amount of tax credits the authority may issue under this section each fiscal year shall not exceed the amount specified in section 15.119.
657 specified in section 15.119.
The total amount of investment made in research and development.
The total amount of investment made in research and Senate File 657, p.
52 development.
The taxes imposed under this subchapter, less the credits allowed under section 422.12, shall be reduced by a research SF 657 (2) 91 -57- nls/ko/mb 57/72 S.F.
The taxes imposed under this subchapter, less the credits allowed under section 422.12, shall be reduced by a research and development tax credit allowed pursuant to section 15.524.
657 and development tax credit allowed pursuant to section 15.524.
This part shall be known and may be cited as the “Sustainable Aviation Fuel Production Tax Credit Program”.
Senate File 657, p.
53 This part shall be known and may be cited as the “Sustainable Aviation Fuel Production Tax Credit Program”.
“Sustainable aviation fuel” means the portion of a liquid fuel meeting the requirements of ASTM D7566 or the Fischer Tropsch provisions of ASTM D1655, Annex A1, derived from feedstock not including palm fatty acid distillates and that SF 657 (2) 91 -58- nls/ko/mb 58/72 S.F.
“Sustainable aviation fuel” means the portion of a liquid fuel meeting the requirements of ASTM D7566 or the Fischer Tropsch provisions of ASTM D1655, Annex A1, derived from feedstock not including palm fatty acid distillates and that achieves at least a fifty percent life cycle greenhouse gas emissions reduction as determined by any of the following:
657 achieves at least a fifty percent life cycle greenhouse gas emissions reduction as determined by any of the following:
Sec.
Senate File 657, p.
54 Sec.
(1) The amount of sustainable aviation fuel produced in SF 657 (2) 91 -59- nls/ko/mb 59/72 S.F.
(1) The amount of sustainable aviation fuel produced in the state from feedstock by the eligible business during the calendar year, measured in gallons.
657 the state from feedstock by the eligible business during the calendar year, measured in gallons.
An eligible business shall fulfill all the requirements of the program and the agreement before the authority issues the business a tax credit certificate or enters into a subsequent agreement with the business under this section.
An eligible business shall fulfill all the requirements of the program and the agreement before the authority issues the business a tax credit certificate or enters into a Senate File 657, p.
55 subsequent agreement with the business under this section.
The failure by an eligible business in fulfilling any requirement of the program or any of the terms and obligations of an agreement entered into pursuant to this section may result in the reduction, termination, or rescission of the SF 657 (2) 91 -60- nls/ko/mb 60/72 S.F.
The failure by an eligible business in fulfilling any requirement of the program or any of the terms and obligations of an agreement entered into pursuant to this section may result in the reduction, termination, or rescission of the tax credits under section 15.533 and may subject the eligible business to the repayment or recapture of tax credits claimed.
657 tax credits under section 15.533 and may subject the eligible business to the repayment or recapture of tax credits claimed.
The sustainable aviation fuel tax credit shall not be available for any sustainable aviation fuel produced before the 2026 calendar year or after the 2035 calendar year.
The sustainable aviation fuel tax Senate File 657, p.
56 credit shall not be available for any sustainable aviation fuel produced before the 2026 calendar year or after the 2035 calendar year.
An individual may claim a tax credit under this section of a partnership, limited liability company, S corporation, SF 657 (2) 91 -61- nls/ko/mb 61/72 S.F.
An individual may claim a tax credit under this section of a partnership, limited liability company, S corporation, cooperative organized under chapter 501 and filing as a partnership for federal tax purposes, estate, or trust electing to have income taxed directly to the individual.
657 cooperative organized under chapter 501 and filing as a partnership for federal tax purposes, estate, or trust electing to have income taxed directly to the individual.
b.
Senate File 657, p.
57 b.
(2) The authority shall not issue more than five tax credit SF 657 (2) 91 -62- nls/ko/mb 62/72 S.F.
(2) The authority shall not issue more than five tax credit certificates to an eligible business for the production of sustainable aviation fuel under the program.
657 certificates to an eligible business for the production of sustainable aviation fuel under the program.
The taxes imposed under this subchapter, less the credits allowed under section 422.12, shall be reduced by a sustainable SF 657 (2) 91 -63- nls/ko/mb 63/72 S.F.
The taxes imposed under this subchapter, less the credits Senate File 657, p.
657 aviation fuel tax credit allowed under section 15.533.
58 allowed under section 422.12, shall be reduced by a sustainable aviation fuel tax credit allowed under section 15.533.
A After a final determination, the authority shall notify the department of revenue of any required repayment of a tax incentive shall.
A After a final determination, the authority shall notify the department of revenue of any required repayment of a tax incentive shall .
Any repayment shall be considered a tax payment due and payable to the department of revenue by any taxpayer that claimed the tax incentive, and the failure SF 657 (2) 91 -64- nls/ko/mb 64/72 S.F.
Any repayment shall be considered a tax payment due and payable to the department of revenue by any taxpayer that claimed the tax incentive, and the failure to make the repayment may be treated by the department of revenue in the same manner as a failure to pay the tax shown due, or required to be shown due, with the filing of a return or Senate File 657, p.
657 to make the repayment may be treated by the department of revenue in the same manner as a failure to pay the tax shown due, or required to be shown due, with the filing of a return or deposit form.
59 deposit form.
The eligible business shall, after contract completion no more frequently than quarterly , submit an application to the department of revenue for a refund of the amount of the sales and use taxes paid pursuant to chapter 423 upon any tangible personal property, or services rendered, furnished, or performed, including water, sewer, gas, and electric utility services.
The eligible business shall, after contract completion no more frequently than quarterly, submit an application to the department of revenue for a refund of the amount of the sales and use taxes paid pursuant to chapter 423 upon any tangible personal property, or services rendered, furnished, or performed, including water, sewer, gas, and electric utility services.
The eligible business’s application must be submitted to the department of revenue within one year SF 657 (2) 91 -65- nls/ko/mb 65/72 S.F.
The eligible business’s application must be submitted to the department of revenue within one year after the project completion date.
657 after the project completion date.
The refund shall be remitted by the department of revenue to the eligible business equally over five tax years as soon as practicable after completion of an audit pursuant to paragraph “b”.
The refund shall be remitted by the department of revenue to the eligible business equally over five tax years as soon as practicable after completion of an audit pursuant to paragraph Senate File 657, p.
60 “b”.
On the effective date of this division of this Act, any unencumbered or unobligated moneys SF 657 (2) 91 -66- nls/ko/mb 66/72 S.F.
On the effective date of this division of this Act, any unencumbered or unobligated moneys remaining in the brownfield redevelopment fund created in section 15.293 are transferred to a fund or funds established pursuant to section 15.335B 15.111, subsection 1, paragraph “a”, as determined by the economic development authority.
657 remaining in the brownfield redevelopment fund created in section 15.293 are transferred to a fund or funds established pursuant to section 15.335B 15.111, subsection 1, paragraph “a”, as determined by the economic development authority.
(i) (A) A person engaged in agricultural production as defined in section 423.1 except if the credit is based on conducting agriscience research as defined in subparagraph part (B) and the person or the business is engaged in bovine and porcine veterinary research, the person shall not be considered to be engaged in agricultural production as defined in section 423.1.
(i) (A) A person engaged in agricultural production as defined in section 423.1 except if the credit is based on Senate File 657, p.
61 conducting agriscience research as defined in subparagraph part (B) and the person or the business is engaged in bovine and porcine veterinary research, the person shall not be considered to be engaged in agricultural production as defined in section 423.1.
SF 657 (2) 91 -67- nls/ko/mb 67/72 S.F.
(C) As used in this subparagraph subdivision, “applied animal science” includes the areas of animal science, veterinary medicine, nutritional science, genetic science, and microbiology.
657 (C) As used in this subparagraph subdivision, “applied animal science” includes the areas of animal science, veterinary medicine, nutritional science, genetic science, and microbiology.
(B) As used in this subparagraph subdivision, “agriscience research” means research that is approved and overseen or monitored by a board that includes, at a minimum, an individual who was employed with, contracted by, or professionally trained by an accredited university as a researcher in an applied animal science and an individual holding a doctor of veterinary medicine or a doctoral degree in an applied animal science;
(B) As used in this subparagraph subdivision, “agriscience research” means research that is approved and overseen or Senate File 657, p.
62 monitored by a board that includes, at a minimum, an individual who was employed with, contracted by, or professionally trained by an accredited university as a researcher in an applied animal science and an individual holding a doctor of veterinary medicine or a doctoral degree in an applied animal science;
(C) As used in this subparagraph subdivision, “applied animal science” includes the areas of animal science, veterinary medicine, nutritional science, genetic science, and SF 657 (2) 91 -68- nls/ko/mb 68/72 S.F.
(C) As used in this subparagraph subdivision, “applied animal science” includes the areas of animal science, veterinary medicine, nutritional science, genetic science, and microbiology.
657 microbiology.
For purposes of this paragraph “b”, only ethanol blended gasoline and nonblended gasoline, not including aviation gasoline, shall be used in determining the percentage basis for the excise tax.
For purposes of this paragraph “b”, only ethanol blended gasoline and Senate File 657, p.
63 nonblended gasoline, not including aviation gasoline, shall be used in determining the percentage basis for the excise tax.
Section 452A.3, subsection 3, paragraph a, subparagraph (2), unnumbered paragraph 1, Code 2025, is amended SF 657 (2) 91 -69- nls/ko/mb 69/72 S.F.
Section 452A.3, subsection 3, paragraph a, subparagraph (2), unnumbered paragraph 1, Code 2025, is amended to read as follows:
657 to read as follows:
The rate of the excise tax shall apply for the period beginning July 1 and ending June 30 following the end of the determination period.
The rate of the excise tax shall apply Senate File 657, p.
64 for the period beginning July 1 and ending June 30 following the end of the determination period.
SF 657 (2) 91 -70- nls/ko/mb 70/72 S.F.
Sec.
657 Sec.
For a retail dealer who may claim an E-15 plus gasoline promotion tax credit under section 422.11Y or 422.33, subsection 11D, as enacted in this Act and amended in subsequent Acts, in calendar year 2025 2027, and whose tax year ends prior to December 31, 2025 2027, the retail dealer may continue to claim the tax credit in the retail dealer’s following tax year.
For a retail dealer who may claim an E-15 plus gasoline promotion tax credit under section 422.11Y or 422.33, subsection 11D, as enacted in this Senate File 657, p.
In that case, the tax credit shall be calculated in the same manner as provided in section 422.11Y or 422.33, subsection 11D, as enacted in this Act and amended in subsequent Acts, for the remaining period beginning on the first day of the retail dealer’s new tax year SF 657 (2) 91 -71- nls/ko/mb 71/72 S.F.
65 Act and amended in subsequent Acts, in calendar year 2025 2027, and whose tax year ends prior to December 31, 2025 2027, the retail dealer may continue to claim the tax credit in the retail dealer’s following tax year.
657 until December 31, 2025 2027.
In that case, the tax credit shall be calculated in the same manner as provided in section 422.11Y or 422.33, subsection 11D, as enacted in this Act and amended in subsequent Acts, for the remaining period beginning on the first day of the retail dealer’s new tax year until December 31, 2025 2027.
SF 657 (2) 91 -72- nls/ko/mb 72/72
______________________________ ______________________________ AMY SINCLAIR PAT GRASSLEY President of the Senate Speaker of the House I hereby certify that this bill originated in the Senate and is known as Senate File 657, Ninety-first General Assembly.
______________________________ W.
CHARLES SMITHSON Secretary of the Senate Approved _______________, 2025 ______________________________ KIM REYNOLDS Governor
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Amendments

2 amendments

Click Show changes on an amendment above to see how it modifies the bill.

Action History

  1. Explanations of votes.

  2. Explanation of vote.

  3. Signed by Governor.

  4. Fiscal note.

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

  6. Explanation of vote.

  7. Message from House.

  8. Immediate message.

  9. Passed House, yeas 84, nays 3.

  10. Amendment H-1351, yeas 29, nays 58, filed, lost.

  11. Substituted for HF 1054.

  12. Read first time, passed on file.

  13. Fiscal note.

  14. Message from Senate.

  15. Immediate message.

  16. Passed Senate, yeas 44, nays 1.

  17. Amendment S-3175 filed, adopted.

  18. Fiscal note.

  19. Committee report, approving bill.

  20. 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 · 60 voted No

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.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

Shall the bill pass?

Passed 84 Yea · 3 Nay · 13 Other
Party YeaNayPresentNot Voting
Republican 58107
Democrat 25206
Unaffiliated 2100
Total 854013
% of votes cast 83%4%0%13%
How each member voted (102)
Member Party Vote
Kniff — Yea
Sexton — Yea
Jr. — Nay
Adam Zabner Democrat Yea
Aime Wichtendahl Democrat Yea
Amy Nielsen Democrat Yea
Angel Ramirez 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 Not Voting
Dr. Megan L. Srinivas Democrat Yea
Elinor A. Levin Democrat Not Voting
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 Nay
Josh Turek Democrat Nay
Ken Croken Democrat Not Voting
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 Not Voting
Sean Bagniewski Democrat Yea
Timi M. Brown-Powers Democrat Yea
Tracy A. Ehlert Democrat Not Voting
Ann Meyer Republican Yea
Austin Harris Republican Yea
Barb Kniff McCulla Republican Yea
Bill Gustoff Republican Not Voting
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 Nay
Mark I. Thompson Republican Yea
Matt W. Windschitl Republican Yea
Matthew Rinker Republican Yea
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 Not Voting
Travis M. Sitzmann Republican Not Voting
Zach Dieken Republican Not Voting

Official roll call →

Shall amendment H-1351 be adopted?

Failed 29 Yea · 58 Nay · 13 Other
Party YeaNayPresentNot Voting
Democrat 27006
Unaffiliated 1200
Republican 25707
Total 3059013
% of votes cast 29%58%0%13%
How each member voted (102)
Member Party Vote
Jr. — Yea
Kniff — Nay
Sexton — Nay
Adam Zabner Democrat Yea
Aime Wichtendahl Democrat Yea
Amy Nielsen Democrat Yea
Angel Ramirez 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 Not Voting
Dr. Megan L. Srinivas Democrat Yea
Elinor A. Levin Democrat Not Voting
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 Not Voting
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 Not Voting
Sean Bagniewski Democrat Yea
Timi M. Brown-Powers Democrat Yea
Tracy A. Ehlert Democrat Not Voting
Ann Meyer Republican Nay
Austin Harris Republican Nay
Barb Kniff McCulla Republican Nay
Bill Gustoff Republican Not Voting
Blaine C. Watkins Republican Nay
Bob Henderson Republican Nay
Bobby Kaufmann Republican Nay
Brent Siegrist Republican Not Voting
Brett Barker Republican Nay
Brian K. Lohse Republican Nay
Brooke Boden Republican Nay
Carter F. Nordman Republican Nay
Chad Behn Republican Nay
Chad Ingels Republican Nay
Charley Thomson Republican Nay
Christian A. Hermanson Republican Nay
Cindy Golding Republican Nay
Craig P. Johnson Republican Nay
Craig Steven Williams Republican Nay
Dan Gehlbach Republican Nay
David E. Young Republican Nay
David L. Blom Republican Yea
David Sieck Republican Not Voting
Dean Fisher Republican Nay
Derek Wulf Republican Nay
Devon Wood Republican Nay
Dr. Steven P. Bradley Republican Nay
Eddie Andrews Republican Nay
Gary M. Mohr Republican Nay
Hans C. Wilz Republican Nay
Heather Hora Republican Nay
Helena Hayes Republican Nay
Henry Stone Republican Nay
Jacob Bossman Republican Nay
Jane Bloomingdale Republican Nay
Jason Gearhart Republican Nay
Jennifer J. Smith Republican Nay
John H. Wills Republican Nay
Jon Dunwell Republican Nay
Joshua Meggers Republican Nay
Judd Lawler Republican Nay
Mark Cisneros Republican Nay
Mark I. Thompson Republican Nay
Matt W. Windschitl Republican Nay
Matthew Rinker Republican Yea
Megan Jones Republican Nay
Michael R. Bergan Republican Nay
Mike Vondran Republican Nay
Norlin G. Mommsen Republican Nay
Pat Grassley Republican Nay
Ray Sorensen Republican Nay
Ryan Weldon Republican Nay
Sam Wengryn Republican Nay
Samantha Fett Republican Nay
Shannon Latham Republican Nay
Shannon Lundgren Republican Nay
Skyler Wheeler Republican Not Voting
Steven C. Holt Republican Nay
Taylor R. Collins Republican Nay
Thomas Gerhold Republican Nay
Thomas Jay Moore Republican Nay
Thomas M. Jeneary Republican Nay
Tom Determann Republican Nay
Tom Shipley Republican Not Voting
Travis M. Sitzmann Republican Not Voting
Zach Dieken Republican Not Voting

Official roll call →

Shall the bill pass?

Passed 44 Yea · 1 Nay · 5 Other
Party YeaNayPresentNot Voting
Republican 32001
Democrat 12103
Unaffiliated 1001
Total 45105
% of votes cast 88%2%0%10%
How each member voted (51)
Member Party Vote
Celsi — Yea
De Witt — Not Voting
Art Staed Democrat Yea
Cindy Winckler Democrat Yea
Herman C. Quirmbach Democrat Nay
Izaah Knox Democrat Not Voting
Janet Petersen Democrat Yea
Janice Weiner Democrat Yea
Liz Bennett Democrat Yea
Matt Blake Democrat Yea
Mike Zimmer Democrat Not Voting
Molly Donahue Democrat Yea
Sarah Trone Garriott Democrat Yea
Sarah Trone Garriott Democrat Yea
Thomas Townsend Democrat Yea
Tony Bisignano Democrat Yea
William A. Dotzler Jr. Democrat Yea
Zach Wahls Democrat Not Voting
Adrian Dickey Republican Yea
Amy Sinclair Republican Yea
Annette Sweeney Republican Yea
Carrie Koelker Republican Yea
Charlie McClintock Republican Yea
Cherielynn Westrich Republican Yea
Dan Dawson Republican Yea
Dan Zumbach Republican Yea
Dave Sires Republican Yea
David D. Rowley Republican Yea
Dawn Driscoll Republican Yea
Dennis Guth Republican Yea
Doug Campbell Republican Yea
Jack Whitver Republican Yea
Jason Schultz Republican Yea
Jeff Reichman Republican Yea
Jeff Taylor Republican Yea
Jesse Green Republican Yea
Julian B. Garrett Republican Yea
Kara Warme Republican Yea
Ken Rozenboom Republican Yea
Kerry Gruenhagen Republican Yea
Kevin Alons Republican Yea
Lynn Evans Republican Yea
Mark Costello Republican Yea
Mark S. Lofgren Republican Yea
Mike Bousselot Republican Yea
Mike Klimesh Republican Yea
Mike Pike Republican Not Voting
Sandy Salmon Republican Yea
Scott Webster Republican Yea
Tim Kraayenbrink Republican Yea
Tom Shipley Republican Yea

Official roll call →

Subjects

taxation finance
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Frequently asked questions

Who sponsors SF 657?
SF 657 is sponsored by COMMITTEE ON WAYS AND MEANS.
What is the current status of SF 657?
This bill has been enacted into law. Introduced May 12, 2025. Enacted.
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