WeVote
Log In

Bill

Bill

HF 109

A bill for an act relating to the maximum amount of workforce housing tax incentives 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 Jacob Bossman

Summary of HF 109: Workforce Housing Tax Incentives Bill Main Purpose and IntentThe primary purpose of HF 109 is to increase the maximum amount of workforce housing tax incentives

Introduced, referred to Ways and Means.
#corporatetaxes #franchisetaxes #incometaxes #insurance #moneysandcreditstaxes #taxcredits #taxation #workforcedevelopment
0
WeVote Research Nonpartisan
Bill Summary · HF 109

Summary of HF 109: Workforce Housing Tax Incentives Bill

Main Purpose and Intent

The primary purpose of HF 109 is to increase the maximum amount of workforce housing tax incentives available against several state taxes, including the individual and corporate income tax, franchise tax, insurance premiums tax, and moneys and credits tax. The goal is to provide greater financial support for the development of workforce housing in Iowa.

Key Provisions

  • Increases the maximum amount of workforce housing tax incentives that can be claimed against the individual and corporate income tax, franchise tax, insurance premiums tax, and moneys and credits tax from $20 million to $30 million per fiscal year.
  • Specifies that the tax incentives are available for the construction or substantial rehabilitation of housing units that are affordable for low-to-moderate income families.
  • Requires that at least 50% of the housing units developed using the tax incentives must be reserved for families with incomes at or below 80% of the area median income.
  • Extends the availability of the tax incentives through fiscal year 2030, rather than the current sunset date of June 30, 2027.

Affected Parties

  • Developers and companies constructing or substantially rehabilitating workforce housing in Iowa
  • Low-to-moderate income families seeking affordable housing options
  • State and local governments, which may see increased economic activity and tax revenue from the workforce housing development

Timeline and Procedure

  • HF 109 was introduced on January 22, 2025 and has been referred to the Ways and Means Committee for consideration.
  • If passed by the legislature and signed into law by the governor, the changes to the workforce housing tax incentives would take effect beginning in the 2026 fiscal year.
  • The increased $30 million per year cap on the tax incentives would remain in place through fiscal year 2030, unless further legislative action is taken.

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

Sign in to ask a question.