Bill > SF612

This bill primarily focuses on modernizing and digitizing various processes related to cigarette and tobacco product taxation and permitting in Iowa, with several key provisions. The bill mandates that most interactions with the state department regarding cigarette and tobacco-related permits, reports, payments, and documentation must now be completed electronically, including permit applications, bond filings, tax payments, and quarterly reports. Additionally, the bill introduces new penalties for failing to submit required documentation electronically, typically a $50 fee per occurrence. The bill also modifies how retail permits are issued, shifting from cities and counties directly issuing permits to them approving permit applications, after which the state department will issue the actual permit. Another significant change involves the historic preservation tax credit, increasing the refundable portion of excess tax credits to 100% for tax years beginning on or after January 1, 2025. There is also a specific provision allowing a single, unnamed city with a population between 20,400 and 20,500 to certify its budget by July 1, 2025, without following standard procedural requirements. The bill's effective date is upon enactment, with some provisions applying retroactively to January 1, 2025.

Budget and Finance

Ways & Means (Senate)

https://www.legis.iowa.gov/legislation/BillBook?ga=91&ba=SF612