Bill Text: IA HF2418 | 2023-2024 | 90th General Assembly | Introduced
Bill Title: A bill for an act creating a legislative tax expenditure committee to review certain tax expenditures prior to repeal or that are otherwise ending.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced) 2024-02-08 - Introduced, referred to Ways and Means. H.J. 228. [HF2418 Detail]
Download: Iowa-2023-HF2418-Introduced.html
House
File
2418
-
Introduced
HOUSE
FILE
2418
BY
JACOBY
A
BILL
FOR
An
Act
creating
a
legislative
tax
expenditure
committee
to
1
review
certain
tax
expenditures
prior
to
repeal
or
that
are
2
otherwise
ending.
3
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
4
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Section
1.
Section
2.45,
Code
2024,
is
amended
by
adding
the
1
following
new
subsection:
2
NEW
SUBSECTION
.
4A.
a.
The
legislative
tax
expenditure
3
committee
which
shall
be
composed
of
ten
members
of
the
general
4
assembly,
consisting
of
five
members
from
each
house,
to
be
5
appointed
by
the
legislative
council.
In
appointing
the
five
6
members
of
each
house
to
the
committee,
the
council
shall
7
appoint
three
members
from
the
majority
party
and
two
members
8
from
the
minority
party.
9
b.
The
legislative
tax
expenditure
committee
shall
have
the
10
powers
and
duties
described
in
section
2.48,
subsection
5.
11
Sec.
2.
Section
2.48,
Code
2024,
is
amended
by
adding
the
12
following
new
subsection:
13
NEW
SUBSECTION
.
5.
a.
The
legislative
tax
expenditure
14
committee
shall
do
a
review
of
the
tax
expenditures
listed
in
15
subsection
3,
and
the
following
tax
expenditures
one
year
prior
16
to
any
repeal
or
otherwise
ending
of
that
tax
expenditure
if
17
possible
under
the
circumstances:
18
(1)
Geothermal
heat
pump
tax
credit
under
section
422.12N.
19
(2)
Volunteer
fire
fighter,
volunteer
emergency
medical
20
services
personnel,
and
reserve
peace
officer
tax
credit
under
21
section
422.12.
22
(3)
Workforce
housing
tax
incentives
under
section
15.355.
23
(4)
Enterprise
zones
program
administered
pursuant
to
24
sections
15E.191
through
15E.197,
Code
2014.
25
(5)
Accelerated
career
education
program
under
chapter
26
260G,
in
coordination
with
the
community
colleges.
27
(6)
Adoption
tax
credit
under
section
422.12A.
28
(7)
Investment
in
qualifying
businesses
tax
credit
under
29
chapter
15E,
subchapter
V.
30
(8)
E-15
plus
gasoline
promotion
tax
credit
under
section
31
422.11Y.
32
(9)
Employer
child
care
tax
credit
under
section
237A.31.
33
(10)
Farm
to
food
donation
tax
credit
under
chapter
190B,
34
subchapter
I.
35
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(11)
Hoover
presidential
library
tax
credit
under
section
1
15E.364.
2
b.
In
reviewing
the
tax
expenditures
program
subject
to
3
repeal
or
otherwise
ending,
the
review
shall
encompass
the
4
reasons
for
the
repeal
or
ending
of
the
program
balanced
with
5
the
equity,
simplicity,
competitiveness,
and
public
purpose
6
of
the
legislation
that
enacted
the
tax
expenditure,
as
those
7
issues
pertain
to
taxation
in
Iowa.
8
c.
For
a
tax
expenditure
reviewed
pursuant
to
this
9
subsection,
the
committee
shall
submit
a
report
to
the
10
legislative
council
containing
the
results
of
the
review.
The
11
report
shall
contain
a
statement
of
the
purpose
of
the
repeal
12
or
ending
of
the
program
balanced
with
the
policy
goals
of
the
13
tax
expenditure
and
a
return
on
investment
calculation
for
14
the
tax
expenditure.
For
purposes
of
this
paragraph,
“return
15
on
investment
calculation”
means
analyzing
the
cost
to
the
16
state
of
providing
the
tax
expenditure,
analyzing
the
benefits
17
realized
by
the
state
from
providing
the
tax
expenditure,
and
18
reaching
a
conclusion
as
to
whether
the
benefits
of
the
tax
19
expenditure
are
worth
the
cost
to
the
state
of
providing
the
20
tax
expenditure.
The
report
may
make
a
recommendation
relating
21
to
the
reviewed
tax
expenditure.
22
EXPLANATION
23
The
inclusion
of
this
explanation
does
not
constitute
agreement
with
24
the
explanation’s
substance
by
the
members
of
the
general
assembly.
25
This
bill
creates
a
legislative
tax
expenditure
committee
to
26
review
certain
tax
expenditures
prior
to
repeal
or
otherwise
27
ending.
28
The
bill
creates
a
legislative
tax
expenditure
committee
29
(committee)
as
a
committee
of
the
legislative
council
which
30
shall
be
composed
of
10
members
of
the
general
assembly,
31
consisting
of
five
members
from
each
house,
to
be
appointed
32
by
the
legislative
council.
In
appointing
the
five
members
33
of
each
house
to
the
committee,
the
council
shall
appoint
34
three
members
from
the
majority
party
and
two
members
from
the
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2418
minority
party.
1
The
purpose
of
the
committee
is
to
review
a
tax
expenditure
2
prior
to
any
repeal
or
otherwise
ending
of
that
tax
expenditure
3
program
if
possible
under
the
circumstances.
The
bill
requires
4
such
a
review
of
tax
expenditures
in
Code
section
2.48(3),
and
5
of
other
tax
expenditures
listed
in
the
bill.
6
The
bill
requires
the
committee
to
submit
a
report
to
the
7
legislative
council
containing
the
results
of
the
review.
The
8
report
may
make
a
recommendation
relating
to
the
reviewed
tax
9
expenditure.
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