IA HF1040

Bill

A bill for an act relating to and making appropriations for the economic development of the state, including to the economic development authority, Iowa finance authority, department of workforce development, and state board of regents and certain regents institutions, and eliminating the repeal of the housing renewal pilot program.(Formerly HSB 336.)

Introduced
05/05/2025

In Committee

Crossed Over

Passed

Dead

Introduced Session

91st General Assembly

Bill Summary

DIVISION I —— FY 2025-2026 APPROPRIATIONS. This bill appropriates moneys for FY 2025-2026 from the general fund of the state to the economic development authority (IEDA), Iowa finance authority (IFA), department of workforce development (IWD), Iowa state university of science and technology (ISU), state university of Iowa, and university of northern Iowa. The bill appropriates moneys for FY 2025-2026 from the Iowa skilled worker and job creation fund to IEDA, the state board of regents and institutions under the control of the board, and IWD. For FY 2025-2026, the bill limits standing appropriations to IEDA for the world food prize and tourism marketing. The bill transfers certain moneys collected by the insurance division in excess of the anticipated gross revenues under Code section 505.7 to IEDA. The bill also appropriates moneys for FY 2025-2026 from the special employment security contingency fund to IWD. The auditor of state is requested to review the audit of IFA performed by the auditor hired by IFA. The bill requires IEDA, the vocational rehabilitation services division, the state board of regents, and ISU to submit various reports to the general assembly. DIVISION II —— FY 2025-2026 CONTINGENT APPROPRIATION. For FY 2025-2026, the bill appropriates moneys from the grow Iowa values fund to IEDA for deposit in the grocer reinvestment and local food processing fund, if enacted by the general assembly. DIVISION III —— HOUSING RENEWAL PILOT PROGRAM. Under current law, the housing renewal pilot program is repealed July 1, 2025. The bill strikes the repeal date and continues the housing renewal pilot program. DIVISION IV —— GAMBLING GAMES TAX RECEIPTS APPROPRIATION. The bill decreases the standing appropriation to IEDA from the tax on adjusted gross receipts from gambling games.

AI Summary

This bill provides comprehensive appropriations and policy guidance for economic development, workforce development, and housing programs in Iowa for the fiscal year 2025-2026. The bill allocates approximately $12.99 million to the Economic Development Authority (IEDA) with specific goals of expanding the state's economy, increasing wealth, and growing population. Key provisions include funding for tourism marketing, arts council support, workforce development programs, and initiatives to support entrepreneurship and business growth. The bill also provides appropriations to the Iowa Finance Authority for rent subsidies and housing renewal programs, and to the Department of Workforce Development for various workforce-related services, including offender reentry, vocational rehabilitation, and adult education programs. Additionally, the bill continues the housing renewal pilot program, which was previously set to be repealed, and modifies the appropriation from gambling game tax receipts to the Economic Development Authority. The legislation emphasizes supporting Iowa-based businesses, promoting technology commercialization, and creating a welcoming environment for economic growth and job creation.

Committee Categories

Budget and Finance

Sponsors (0)

No sponsors listed

Other Sponsors (1)

Appropriations (H)

Last Action

Explanation of vote. H.J. 1223. (on 06/27/2025)

Official Document

https://www.legis.iowa.gov/legislation/BillBook?ga=91&ba=HF1040

(3 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://www.legis.iowa.gov/legislation/BillBook?ga=91&ba=HF1040
Fiscal Note/Analysis - NOBA: House Full Approps	https://www.legis.iowa.gov/docs/publications/NOBA/1527157.pdf
BillText	https://www.legis.iowa.gov/docs/publications/LGI/91/attachments/HF1040.html

Bill	Bill Name	Last Action	Type
HSB336	A bill for an act relating to and making appropriations for the economic development of the state, including to the economic development authority, Iowa finance authority, department of workforce development, and state board of regents and certain regents institutions, and eliminating the repeal of the housing renewal pilot program.(See HF 1040.)	Committee report approving bill, renumbered as HF 1040.	Related
SF645	A bill for an act relating to and making appropriations for the economic development of the state, including to the economic development authority, Iowa finance authority, department of workforce development, and the state board of regents and certain regents institutions, and extending the repeal date for the housing renewal pilot program. (Formerly SSB 1236.) Effective date: 07/01/2025.	Explanations of votes. H.J. 1223.	Similar To
SSB1236	A bill for an act relating to and making appropriations for the economic development of the state, including to the economic development authority, Iowa finance authority, department of workforce development, and the state board of regents and certain regents institutions.(See SF 645.)	Committee report approving bill, renumbered as SF 645.	Related

Bill > HF1040

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Introduced Session

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Other Sponsors (1)

Last Action

Official Document

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