Loading chat...
IA HF975
Bill
Status
6/6/2025
Primary Sponsor
Ways and Means
Click for details
AI Summary
-
Restructures the brownfield, grayfield, and redevelopment tax credit program by eliminating the council's role in application review, transferring authority to the Economic Development Authority to independently review, score, and award tax credits
-
Repeals the required benefits provision (Section 15F.106) for applicants receiving financial assistance under both the Vision Iowa and Community Attraction and Tourism programs
-
Modifies the historic preservation tax credit program by excluding single-family dwelling units unless the project creates two or more new units, defining "registration date," extending project completion timelines, and allowing the authority to award up to 20% above the $45 million annual cap for projects seeking $10 million or more in credits
-
Eliminates the Title Guaranty Board, transferring its powers to the Iowa Finance Authority board, with the director appointing an attorney as division director exempt from the merit system
-
Consolidates arts and culture programs by repealing the Iowa Great Places Program, Iowa Cultural Trust, and certified cultural and entertainment districts, replacing them with an arts and culture enhancement fund for grants to arts organizations, artist support, rural access initiatives, and film/television production promotion
Legislative Description
A bill for an act relating to matters under the purview of the economic development authority and the Iowa finance authority including the strategic infrastructure program, brownfield, grayfield, and redevelopment tax credits, community attraction and tourism, vision Iowa, sports tourism marketing, the historic preservation tax credit, homelessness, the title guaranty board, arts and culture, and the Iowa reinvestment Act and including applicability and retroactive applicability provisions. (Formerly HSB 221.) Effective date: 07/01/2025. Applicability date: 07/01/2020, 07/01/2025.
Last Action
Signed by Governor. H.J. 1228.
6/6/2025