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IA HF2550
Bill
Status
2/16/2026
Primary Sponsor
Charley Thomson
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AI Summary
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Establishes the Iowa Small Modular Reactor Committee within the Economic Development Authority to serve as the statewide coordinating entity for small modular reactor development, permitting, and interagency coordination.
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Defines "small modular reactor" as a nuclear fission reactor designed for factory fabrication and modular deployment that is licensed or licensable by the U.S. Nuclear Regulatory Commission.
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Creates a 30% tax credit for qualified capital investments in small modular reactor projects, available for tax years beginning on or after January 1, 2027.
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Authorizes the committee to designate pre-certified reactor sites including brownfields, retired fossil fuel generation sites, industrial campuses, and state-owned land.
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Requires the committee to issue determinations on qualified project applications within 180 calendar days, with failure to respond constituting conditional approval subject to safety conditions.
Legislative Description
A bill for an act relating to small nuclear reactors, including the establishment of the Iowa modular reactor committee within the economic development authority, financial incentives, and the potential establishment of related education programs and including effective date provisions.
Last Action
Introduced, referred to Commerce. H.J. 307.
2/16/2026