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IA SF2301
Bill
AI Summary
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Creates the "Headquarters Expansion and Development for Growth and Employment Program" (EDGE Program) to provide tax incentives for businesses that locate or retain corporate headquarters in Iowa and create new corporate jobs.
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Establishes the Business Incentives for Growth Program training fund and repeals the existing New Jobs Tax Credit Program.
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Creates the Major Economic Growth Attraction Program for economic development purposes.
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Requires the Iowa Utilities Commission to conduct load forecasting and analysis of electric transmission system expansion plans, with a new dedicated fund established for this purpose.
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Modifies the Industrial New Jobs Training Program administered through the Department of Education.
Legislative Description
A bill for an act relating to matters under the purview of the economic development authority, the utilities commission, and the department of education, including creation of the headquarters expansion and development for growth and employment program, and the business incentives for growth program training fund; repeal of the new jobs tax credit program; the major economic growth attraction program; load forecasting and analysis of electric transmission system expansion plans; creation of the electric transmission system expansion planning and analysis and load forecasting fund; the industrial new jobs training program; and including effective date provisions.(Formerly SSB 3103.)
Last Action
Subcommittee: Dawson, Gruenhagen, and Quirmbach. S.J. 314.
2/18/2026