Bill
Bill > SF2373
IA SF2373
IA SF2373A 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.(Formerly SF 2252.)
summary
Introduced
02/18/2026
02/18/2026
In Committee
Crossed Over
Passed
Dead
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 sports stadium for a National Football League (NFL) franchise in the state, expanding the program beyond its current focus on businesses investing at least $1 billion primarily in advanced manufacturing, biosciences, or research and development. The bill defines a "sports stadium" as any facility where NFL games are held and allows for a "business affiliate," an entity joining or affiliated with the primary business, to participate in the stadium investment. These incentives, which can include sales and use tax refunds, investment tax credits, and withholding tax credits, are now available for stadium projects, provided the site is suitable and the business is either engaged in the previously mentioned high-tech sectors or is involved in building a sports stadium, with the program's existing limitations on the number of eligible businesses and the January 1, 2027, deadline still applying unless waived by the economic development authority.
Sponsors (0)
No sponsors listed
Other Sponsors (1)
Local Government (Senate)
Last Action
Committee report, approving bill. S.J. 319. (on 02/18/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.legis.iowa.gov/legislation/BillBook?ga=91&ba=SF2373 |
| BillText | https://www.legis.iowa.gov/docs/publications/LGI/91/attachments/SF2373.html |
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