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IA SSB3103
SB
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 a "Business Incentives for Growth Program Training Fund" and repeals the existing "New Jobs Tax Credit Program."
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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 created for this purpose.
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Modifies the "Major Economic Growth Attraction Program" and the "Industrial New Jobs Training Program" administered through the Department of Education.
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Defines eligibility criteria for businesses seeking EDGE Program benefits, including requirements for full-time equivalent positions paying wages at or above the qualifying wage threshold for the local laborshed area.
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.(See SF 2301.)
Last Action
Committee report approving bill, renumbered as SF 2301.
2/11/2026