# Iowa HF 975: 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. Iowa HF 975, 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., is a 91st General Assembly (2025–2026) House bill sponsored by COMMITTEE ON WAYS AND MEANS; status signed, last action 2025-06-06 (Signed by Governor.); PRIA reads it as touching household money (as of 2026-10-18). - Canonical: https://policyrisk.com/state-bill/IA-HF975-2025-2026 - As of: 2026-10-18 - Plain-text twin of the page above; the HTML and this file carry the same facts. ## Facts - Bill: Iowa HF 975 - State: Iowa - Session: 91st General Assembly (2025–2026) - Title: 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. - Status: signed - Chamber: House - Introduced: 2025-03-24 - Last action: 2025-06-06, Signed by Governor. - Sponsor: COMMITTEE ON WAYS AND MEANS - Cosponsors: 0 - Touches household money: yes - Roll calls: 2 (128 yes, 13 no in all) - Economic provisions PRIA read: 10 ## Summary No summary available. ## Bill overview: provisions PRIA read - Communities can create larger reinvestment districts: benefit, low. For reinvestment districts approved on or after July 1, 2020, Iowa raises the acreage limit from 75 to 125 acres. Districts can cover more land but cannot exceed the 125-acre ceiling. Their parcels must connect. The change takes effect July 1, 2025, and applies retroactively to July 1, 2020. - Iowa combines arts funding and planning: benefit, low. Beginning July 1, 2025, Iowa's Economic Development Authority runs a new Arts and Culture Enhancement Fund. It supports artists, arts groups, rural and underserved access, Iowa-made film and television, statewide arts goals, and related administration. The fund receives $520,000 annually from gambl… - Stricter rules for redevelopment tax credits: cost, high. Beginning July 1, 2025, Iowa competitively scores redevelopment credit applications, and the board sets award amounts. Registered projects must finish within 30 months or lose credit eligibility, unless the authority grants more time with board approval. Extensions include up to 12 months initially… - Tighter historic tax credits for homes: cost, high. Beginning July 1, 2025, single-family homes generally do not qualify for Iowa's historic preservation tax credit. An exception requires rehabilitation that creates at least two new single-family dwelling units in the same neighborhood. Those units must have been unavailable for residential occupanc… - Historic project deadlines allow limited extensions: mixed, medium. Beginning July 1, 2025, registered historic tax-credit projects must start within one calendar year of registration. Owners can apply for a start extension of up to 12 consecutive months. Projects must finish within three calendar years of registration, with a separate 36-month limit measured from… - Tourism promotion shifts toward historic landmarks: mixed, low. Beginning July 1, 2025, Iowa's economic development and transportation agencies promote knowledge of and access to national historic landmarks. Covered sites must be designated by the U.S. Secretary of the Interior. Landmarks protected under Iowa Code section 22.7(20) are excluded. Certified cultur… - Iowa repeals additional economic development laws: mixed, low. Effective July 1, 2025, Iowa repeals 11 additional economic development code sections. These are sections 15.437–15.441, 15.476–15.479, and 15.481–15.482. The supplied text does not describe their subjects or identify resulting changes to funding, eligibility, or household costs. - New reviews for community project funding: mixed, low. Beginning July 1, 2025, committees review Strategic Infrastructure, Community Attraction and Tourism, and Sports Tourism Marketing and Infrastructure applications. They recommend action to the Economic Development Authority or its board; tourism committees include relevant experts appointed by the… - Iowa reorganizes property title guaranty oversight: mixed, low. Beginning July 1, 2025, a division within the Iowa Finance Authority runs the title guaranty program. Its board approves guaranty forms and coverage, while the division decides what title evidence is acceptable. The division sets a maximum mortgage principal amount through authority rules, but the… - Higher historic credit cap borrows ahead: mixed, low. Iowa's usual annual historic preservation tax-credit award cap is $45 million. Starting with the fiscal year beginning July 1, 2025, the authority can exceed it by up to 20%, reaching $54 million. This requires an application that, upon registration, qualifies the taxpayer for at least $10 million… ## Sponsors and cosponsors - Sponsor: COMMITTEE ON WAYS AND MEANS ## Roll call votes | Date | Chamber | Motion | Result | Yes | No | Other | | --- | --- | --- | --- | --- | --- | --- | | 2025-05-12 | Senate | Passed Senate | pass | 45 | 5 | | | 2025-04-21 | House | Passed House | pass | 83 | 8 | | ## Actions (15) - 2025-06-06: Signed by Governor. (House) - 2025-06-06: Fiscal note. (legislature) - 2025-05-22: Reported correctly enrolled, signed by Speaker and President, and sent to Governor. (House) - 2025-05-12: Message from Senate. (House) - 2025-05-12: Immediate message. (Senate) - 2025-05-12: Passed Senate, yeas 45, nays 5. (Senate) - 2025-05-12: Amendment S-3161 filed, lost. (Senate) - 2025-05-12: Substituted for SF 642. (Senate) - 2025-04-23: Attached to SF 642. (Senate) - 2025-04-22: Read first time, passed on file. (Senate) - 2025-04-22: Message from House. (Senate) - 2025-04-21: Immediate message. (House) - 2025-04-21: Passed House, yeas 83, nays 8. (House) - 2025-04-03: Fiscal note. (legislature) - 2025-03-24: Introduced, placed on Ways and Means calendar. (House) ## Bill text - As Introduced: [PDF](https://www.legis.iowa.gov/docs/publications/LGI/91/HF975.pdf) - Enrolled: [PDF](https://www.legis.iowa.gov/docs/publications/LGE/91/HF975.pdf) ## Related bills - HF 2801: A bill for an act modifying the major economic growth attraction program, and including effective date provisions. (Formerly HSB 785.) Effective date: 10/02/20… (signed) - SF 2472: A bill for an act relating to state and local government taxes, fees, financial authority, and budgets, by modifying property assessment provisions, divisions… (signed) - HF 2601: A bill for an act relating to campaign finance, including participation in ballot issue campaigns by foreign nationals and investigations of election misconduc… (signed) - SF 2399: A bill for an act relating to bail and bond amounts and conditions. (Formerly SSB 3162.) Effective date: 07/01/2026. (signed) - SF 2471: A bill for an act relating to fees for lifetime fur harvester licenses. (Formerly SF 2317, SSB 3121.) Effective date: 07/01/2026. (signed) - SF 2299: A bill for an act relating to the district-to-community college sharing or concurrent enrollment program. (Formerly SF 2176.) Vetoed 6-2-26. (vetoed) ## Sources - [As Introduced (PDF)](https://www.legis.iowa.gov/docs/publications/LGI/91/HF975.pdf) - [Enrolled (PDF)](https://www.legis.iowa.gov/docs/publications/LGE/91/HF975.pdf) ## Related - [HF 2801: A bill for an act modifying the major economic growth attraction program, and i…](https://policyrisk.com/state-bill/IA-HF2801-2025-2026) - [SF 2472: A bill for an act relating to state and local government taxes, fees, financial…](https://policyrisk.com/state-bill/IA-SF2472-2025-2026) - [HF 2601: A bill for an act relating to campaign finance, including participation in ball…](https://policyrisk.com/state-bill/IA-HF2601-2025-2026) - [SF 2399: A bill for an act relating to bail and bond amounts and conditions. (Formerly S…](https://policyrisk.com/state-bill/IA-SF2399-2025-2026) - [SF 2471: A bill for an act relating to fees for lifetime fur harvester licenses. (Former…](https://policyrisk.com/state-bill/IA-SF2471-2025-2026) - [SF 2299: A bill for an act relating to the district-to-community college sharing or conc…](https://policyrisk.com/state-bill/IA-SF2299-2025-2026) - [Iowa bills](https://policyrisk.com/states/iowa/bills) - [Iowa state hub](https://policyrisk.com/states/iowa) - [All state legislation](https://policyrisk.com/state-bills) Source: PRIA, https://policyrisk.com/state-bill/IA-HF975-2025-2026 (as of 2026-10-18).