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HF 112

A bill for an act relating to the maximum annual gross income for an enterprise to qualify as a targeted small business.

2025-2026 Regular Session Introduced by Gary Mohr

Iowa bill adjusts maximum income limit for targeted small business classification, affecting eligibility for state contracts and development incentives.

Withdrawn.
#businessassistance #enterprises #income #targetedsmallbusinesses
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Bill Summary · HF 112

Legislative bill overview

HF 112 proposes to modify Iowa's definition of a "targeted small business" by adjusting the maximum annual gross income threshold that qualifies a company for this classification. The bill underwent committee review with mixed support before being withdrawn on March 31, 2025. The exact income threshold change is not specified in the available legislative record.

Why is this important

Targeted small business designations typically unlock access to state contracts, tax incentives, licensing preferences, and other economic development support programs. Changing the income threshold directly affects which enterprises qualify for these benefits, potentially expanding or restricting the pool of eligible businesses competing for state resources and opportunities.

Potential points of contention

  • Definition scope: Whether the new threshold should be higher (expanding eligibility) or lower (tightening standards), and how this affects budget allocation and program accessibility
  • Competitive fairness: Concerns about whether adjusted thresholds create appropriate competition levels or unfairly advantage certain business sizes over others
  • Economic impact uncertainty: Disagreement over whether raising or lowering the threshold better supports job creation and economic development in Iowa's target communities

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

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