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IA SF2440
Bill
Status
2/23/2026
Primary Sponsor
Local Government
Click for details
AI Summary
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School district foundation property taxes levied under Iowa Code section 257.3 cannot be used for urban renewal projects approved on or after January 1, 2025, that involve stadiums or arenas for professional sports teams.
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The restriction applies to tax increment financing (TIF) funds deposited into a municipality's special fund through Iowa's urban renewal law (Code chapter 403).
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Prohibited uses include any expenditure connected to the planning, construction, or operation of professional sports facilities, whether the project involves such facilities in whole or in part.
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The bill takes effect immediately upon enactment, deemed of immediate importance.
Legislative Description
A bill for an act relating to the permissible uses of certain school district property tax revenue for urban renewal projects and including effective date provisions.(Formerly SSB 3136.)
Last Action
Subcommittee: Dawson, Gruenhagen, and Winckler. S.J. 393.
2/24/2026