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IA HF2342

Bill

Status

Introduced

2/6/2026

Primary Sponsor

David Sieck

Click for details

Origin

House of Representatives

91st General Assembly

AI Summary

  • Accelerates the repeal date for renewable chemical production tax credits (Section 15.315-15.321) from July 1, 2039 to January 1, 2032.

  • Shortens the sustainable aviation fuel tax credit availability period, ending after calendar year 2031 instead of 2035, with full program repeal moved from January 1, 2037 to January 1, 2031.

  • Sets January 1, 2028 repeal dates for multiple economic development tax credits including workforce housing tax credits (Section 15E.52), historic preservation tax credits (Section 404A), and new jobs training credits (Sections 260E.5, 260J.1).

  • Establishes January 1, 2029 repeal dates for geothermal tax credits (Section 15.496), solar energy tax credits (Section 15.507), and urban renewal tax credits (Section 403.19A).

  • Moves repeal dates for angel investor tax credits (Section 15E.27) and apprenticeship program credits (Section 260G.4A) to January 1, 2032.

Legislative Description

A bill for an act providing for the future repeal of tax credits.

Last Action

Introduced, referred to Ways and Means. H.J. 229.

2/6/2026

Committee Referrals

Ways and Means2/6/2026

Full Bill Text

No bill text available