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SSB 1106

A bill for an act relating to matters under the purview of the economic development authority and the Iowa finance authority including the strategic infrastructure program, brownfield, grayfield, and redevelopment tax credits, community attraction and tourism, vision Iowa, sports tourism marketing, the historic preservation tax credit, homelessness, the title guaranty board, and arts and culture, and including applicability and retroactive applicability provisions.

2025-2026 Regular Session

SF 465 boosts Iowa's economy and culture by funding arts, tourism, and redevelopment, while streamlining support for municipalities and nonprofit organizations.

Committee report approving bill, renumbered as SF 465.
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Bill Summary · SSB 1106

Summary of SSB 1106 (Renumbered as SF 465)

Purpose and Intent

SSB 1106, now renumbered as SF 465, is a legislative bill aimed at enhancing the role of the Iowa Economic Development Authority (IEDA) and the Iowa Finance Authority in various economic and cultural initiatives. The bill focuses on infrastructure development, tax credits for redevelopment, community attraction, tourism, and support for the arts and culture sectors in Iowa. It seeks to streamline existing programs and introduce new funding mechanisms to bolster economic growth and cultural engagement.

Key Provisions

The bill includes several significant changes and provisions:

  1. IEDA Responsibilities:

    • The IEDA will accept and manage grants from public and private sources.
    • It will develop a comprehensive, long-range plan for the arts in Iowa with the Iowa Arts Council.
    • The requirement to establish and administer a film office is eliminated; instead, the IEDA will provide technical assistance for film, television, and video projects.

  2. Cultural and Arts Funding:

    • The bill eliminates certified cultural and entertainment districts and the existing cultural grant programs.
    • A new Arts and Culture Enhancement Fund will be created to support municipal and nonprofit arts organizations, promote artistic expression, and increase access to arts in underserved communities.
    • The IEDA will establish a grant program to provide operational support to major cultural organizations demonstrating excellence.

  3. Tax Credits and Economic Development:

    • The bill addresses tax credits related to brownfield and grayfield redevelopment, community attraction, and tourism initiatives.
    • It includes provisions for the historic preservation tax credit and support for homelessness initiatives.

Affected Parties

The bill impacts a wide range of stakeholders, including:
- Municipalities: Local governments will benefit from new funding opportunities for community development and tourism.
- Nonprofit Organizations: Arts and cultural organizations will receive support through the new enhancement fund.
- Artists and Cultural Entities: Individuals and groups fostering artistic expression will gain access to resources aimed at promoting their work.
- Economic Development Entities: The IEDA and Iowa Finance Authority will have expanded roles in managing funds and programs related to economic and cultural development.

Procedural Aspects

  • Introduced: February 11, 2025
  • Committee Actions:
    • The bill was approved by a committee on February 26, 2025, and subsequently renumbered as SF 465.
    • A subcommittee recommended amendments and passage on February 20, 2025.
  • Meetings: A subcommittee meeting was held on February 18, 2025, to discuss the bill.

Conclusion

SSB 1106 (SF 465) represents a comprehensive effort to enhance Iowa's economic and cultural landscape through strategic funding and streamlined administrative processes. By focusing on infrastructure, arts, and community development, the bill aims to foster a vibrant environment for growth and cultural engagement across the state.

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

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