# Iowa SF 2470: A bill for an act relating to event-driven contracts traded on dedicated contract markets by requiring a permit to conduct business in the state, imposing a tax on adjusted revenues or amounts traded, making adjustments to individual and corporate income taxes, providing for fees, and including contingent effective date, applicability, and retroactive applicability provisions. (Formerly SF 2085.)

Iowa SF 2470, A bill for an act relating to event-driven contracts traded on dedicated contract markets by requiring a permit to conduct business in the state, imposing a tax on adjusted revenues or amounts traded, making adjustments to individual and corporate income taxes, providing for fees, and including contingent effective date, applicability, and retroactive applicability provisions. (Formerly SF 2085.), is a 91st General Assembly (2025–2026) Senate bill sponsored by COMMITTEE ON WAYS AND MEANS; status failed, last action 2026-04-27 (Subcommittee recommends passage.); PRIA reads it as touching household money (as of 2026-10-19).

- Canonical: https://policyrisk.com/state-bill/IA-SF2470-2025-2026
- As of: 2026-10-19
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Iowa SF 2470
- State: Iowa
- Session: 91st General Assembly (2025–2026)
- Title: A bill for an act relating to event-driven contracts traded on dedicated contract markets by requiring a permit to conduct business in the state, imposing a tax on adjusted revenues or amounts traded, making adjustments to individual and corporate income taxes, providing for fees, and including contingent effective date, applicability, and retroactive applicability provisions. (Formerly SF 2085.)
- Status: failed
- Chamber: Senate
- Introduced: 2026-03-12
- Last action: 2026-04-27, Subcommittee recommends passage.
- Sponsor: COMMITTEE ON WAYS AND MEANS
- Cosponsors: 0
- Subjects: ways and means
- Touches household money: yes
- Roll calls: 1 (45 yes, 1 no in all)
- Economic provisions PRIA read: 0

## Summary

No summary available.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: COMMITTEE ON WAYS AND MEANS

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2026-03-31 | Senate | Passed Senate | pass | 45 | 1 |   |

## Actions (16)

- 2026-04-27: Subcommittee recommends passage. (legislature)
- 2026-04-23: Subcommittee Meeting: 04/27/2026 3:00PM House Lounge. (House)
- 2026-04-23: Subcommittee reassigned: Johnson, C., Lundgren and Wessel-Kroeschell. (House)
- 2026-04-15: Tabled until future meeting. (legislature)
- 2026-04-14: Subcommittee Meeting: 04/15/2026 12:00PM House Lounge. (House)
- 2026-04-08: Subcommittee: Siegrist, Hora and Wessel-Kroeschell. (House)
- 2026-04-07: Fiscal note. (legislature)
- 2026-04-06: Read first time, referred to Ways and Means. (House)
- 2026-04-01: Message from Senate. (House)
- 2026-03-31: Immediate message. (Senate)
- 2026-03-31: Passed Senate, yeas 45, nays 1. (Senate)
- 2026-03-31: Amendment S-5142 filed, adopted. (Senate)
- 2026-03-31: Amendment S-5146 filed, withdrawn. (Senate)
- 2026-03-18: Fiscal note. (legislature)
- 2026-03-12: Committee report, approving bill. (Senate)
- 2026-03-12: Introduced, placed on Ways and Means calendar. (Senate)

## Bill text

- As Introduced: [PDF](https://www.legis.iowa.gov/docs/publications/LGI/91/SF2470.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/SF2470.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)
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Source: PRIA, https://policyrisk.com/state-bill/IA-SF2470-2025-2026 (as of 2026-10-19).