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Bill

HF 2750

A bill for an act relating to the collection and distribution of fees for wire transmissions, the establishment of the school security grant program, and including contingent effective date provisions.

2025-2026 Regular Session

Iowa bill modifies wire transmission fees and adjusts related income tax credits, affecting electronic money transfer costs and state tax obligations.

Fiscal note.
#credit #fees #financialinstitutions #incometaxes #taxcredits
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Bill Summary · HF 2750

Legislative bill overview

HF 2750 proposes modifications to Iowa's fee structure for wire transmissions and establishes or adjusts related income tax credits. The bill was introduced in the Iowa House and referred to the Ways and Means Committee, which is responsible for tax and revenue legislation. A fiscal note was generated on April 2, 2026, indicating the legislative services agency assessed the bill's financial impact.

Why is this important

Wire transmission fees affect businesses and individuals who send money electronically, potentially impacting transaction costs and economic activity. Changes to associated tax credits could either increase tax revenues or reduce them depending on the bill's specific provisions, affecting both the state budget and taxpayers' financial obligations.

Potential points of contention

  • Scope of fee increases: Whether the wire transmission fees are reasonable or constitute an undue burden on financial institutions and consumers who rely on electronic transfers
  • Tax credit design: Questions about who qualifies for the income tax credits, whether they offset the fee burden equitably, and if they're targeted appropriately to affected populations
  • Revenue impact: Disagreement over whether the state needs additional revenue from wire transmission fees or whether existing tax credits should be reduced/eliminated

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

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