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IA HF2152
Bill
Status
1/26/2026
Primary Sponsor
Heather Matson
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AI Summary
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Repeals the school tuition organization (STO) tax credit for contributions made on or after July 1, 2026, eliminating the 75% tax credit available against individual and corporate income taxes
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Reduces the total approved STO tax credits from $20 million to $10 million for calendar year 2026 (January 1, 2026 through December 31, 2026)
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Prohibits STOs from issuing tax credit certificates for any contributions received on or after July 1, 2026
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Fully repeals the STO tax credit statute on July 1, 2032, allowing a phase-out period for existing credits to be claimed
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Removes related STO tax credit references from other sections of Iowa Code, effective July 1, 2032
Legislative Description
A bill for an act repealing the school tuition organization tax credit available against the individual and corporate income taxes and including effective date provisions.
Last Action
Introduced, referred to Education. H.J. 150.
1/26/2026