WeVote
Log In

Bill

Bill

HF 203

A bill for an act creating a Caitlin Clark and Lisa Bluder monument tax credit and fund available against the individual and corporate income taxes, the franchise tax, the insurance premiums tax, and the moneys and credits tax.

2025-2026 Regular Session Introduced by Carter Nordman

HF 203 establishes a tax credit and fund to honor Caitlin Clark and Lisa Bluder with a monument, incentivizing donations from individuals and corporations.

Introduced, referred to Ways and Means.
#monuments(commemoration) #taxcredits #taxation
0
WeVote Research Nonpartisan
Bill Summary · HF 203

Summary of HF 203 - Caitlin Clark and Lisa Bluder Monument Tax Credit and Fund

Purpose and Intent

House File 203 (HF 203) aims to establish a tax credit and fund dedicated to the creation of a monument honoring Caitlin Clark and Lisa Bluder, prominent figures associated with the University of Iowa's women's basketball program. The bill seeks to promote the commemoration of their contributions and achievements while providing financial incentives for individuals and corporations to contribute to the monument's funding.

Key Provisions

  • Creation of a Monument Fund: The bill establishes a dedicated fund under the control of an appointed authority. This fund will consist of:

    • Appropriations made to the fund
    • Donations from individuals and corporations
    • Transfers of interest, earnings, and other moneys as permitted by law

  • Tax Credits: The legislation allows for tax credits against various taxes, including:

    • Individual and corporate income taxes
    • Franchise tax
    • Insurance premiums tax
    • Moneys and credits tax

These credits can be applied to reduce tax liability for up to five years.

  • Coordination of Donations: The authority will work in conjunction with the governor’s office, the University of Iowa, and legislative leaders to determine the monument's location and design. Importantly, the authority is prohibited from soliciting donations that exceed the estimated costs of constructing the monument.

  • Repeal of Fund and Tax Credit: The fund is set to be repealed on December 31, 2035, coinciding with the expiration of the tax credit. Any remaining funds in the monument fund at that time will be transferred to the state's general fund.

Affected Parties

  • Contributors: Individuals and corporations who donate to the fund will benefit from tax credits, incentivizing contributions to the monument.
  • University of Iowa: The university will play a key role in the coordination and potential location of the monument.
  • State Government: The bill involves state resources for managing the fund and tax credits, impacting state tax revenue.

Procedural Aspects

  • Introduced Date: The bill was introduced on February 3, 2025.
  • Current Status: HF 203 has been referred to the Ways and Means Committee for further consideration.

Conclusion

HF 203 represents an effort to honor the achievements of Caitlin Clark and Lisa Bluder through a dedicated monument, supported by a tax credit system designed to encourage public and corporate donations. The bill outlines a structured approach to funding and managing the monument while ensuring that contributions are aligned with the estimated costs of construction.

Compiled from official sources — confirm details with the bill’s official record.

Sign in to ask a question.