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IA SSB3136

SB

Official Source

Status

Introduced

2/10/2026

Primary Sponsor

Local Government

Click for details

Origin

Senate

91st General Assembly

AI Summary

  • School district foundation property taxes levied under section 257.3 cannot be used for urban renewal projects approved on or after January 1, 2025, that involve professional sports stadiums or arenas
  • The restriction applies specifically to tax increment financing (TIF) revenue deposited into a municipality's special fund through Iowa's urban renewal law (Code chapter 403)
  • Prohibited uses include the planning, construction, or operation of stadiums or arenas primarily intended for use by professional sports teams
  • The bill amends Section 403.19, subsection 10 of the Iowa Code by adding a new paragraph (c)
  • The act takes effect immediately upon enactment, being 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.(See SF 2440.)

Last Action

Committee report approving bill, renumbered as SF 2440.

2/19/2026

Committee Referrals

Local Government2/10/2026

Full Bill Text

No bill text available