Bill
Bill > SF2252
IA SF2252
IA SF2252A bill for an act modifying the major economic growth attraction program to include incentivizing the building of a professional sports stadium by a national football league franchise in the state.(See SF 2373.)
summary
Introduced
02/10/2026
02/10/2026
In Committee
02/10/2026
02/10/2026
Crossed Over
Passed
Dead
05/03/2026
05/03/2026
Introduced Session
91st General Assembly
Bill Summary
This bill modifies the major economic growth attraction (MEGA) program to include incentivizing the building of a professional sports stadium by a national football league franchise in the state. Currently, the MEGA program provides economic development incentives designed to attract capital investments from businesses who invest at least $1 billion in the state and who are primarily engaged in advanced manufacturing, biosciences, or research and development. The bill expands the MEGA program to provide economic development incentives to a national football league franchise building a professional sports stadium in the state. The business incentives include sales and use tax refunds, qualifying investment tax credits, withholding tax credits, and other state tax incentives if authorized by the economic development authority. The bill defines “sports stadium” to mean a facility, stadium, arena, or other structure where national football league games are held. Currently, tax incentives under the MEGA program may not be awarded for more than two eligible businesses or after January 1, 2027, whichever comes first.
AI Summary
This bill modifies the Major Economic Growth Attraction (MEGA) program to include incentives for building a professional National Football League (NFL) stadium in the state. Currently, the MEGA program offers economic development incentives to businesses investing at least $1 billion in advanced manufacturing, biosciences, or research and development. This bill expands eligibility to include an NFL franchise constructing a "sports stadium," defined as a facility where NFL games are held, and also includes "business affiliates" involved in the stadium's investment. The incentives can include sales and use tax refunds, investment tax credits, and withholding tax credits, subject to the economic development authority's approval. The bill also clarifies that the site for such a project can be a certified site where a sports stadium may be built, and that the business's primary engagement can now be building a sports stadium, not just advanced manufacturing, biosciences, or research and development.
Committee Categories
Government Affairs
Sponsors (7)
Mike Bousselot (R)*,
Dan Dawson (R)*,
Dawn Driscoll (R)*,
Kerry Gruenhagen (R)*,
Carrie Koelker (R)*,
Scott Webster (R)*,
Cherielynn Westrich (R)*,
Last Action
Committee report approving bill, renumbered as SF 2373. S.J. 319. (on 02/18/2026)
Bill Topics
Banking, Finance, and Domestic Commerce
- ‐ Sports and Gambling Regulation
Macroeconomics
- ‐ Industrial Policy
- ‐ Taxation, Tax Policy, and Tax Reform
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.legis.iowa.gov/legislation/BillBook?ga=91&ba=SF2252 | 02/10/2026 |
| BillText | https://www.legis.iowa.gov/docs/publications/LGI/91/attachments/SF2252.html | 02/10/2026 |
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