IowaIowa would join federal tax credit program for scholarship donations
Iowa’s governor would have to elect participation in a federal tax credit program for scholarship donations, while state agencies would follow federal rules and report annually.
What it does
Iowa’s governor would have to sign the state up for federal tax credits for scholarship donations. State agencies would ensure eligibility for tax years beginning on or after January 1, 2027.
Argument forParticipation could encourage eligible scholarship donations by allowing donors to qualify for a federal tax credit.
Argument againstAnnual federal reporting could add ongoing paperwork for Iowa’s education and tax agencies.
More detail
The governor would have to elect Iowa’s participation in the federal tax credit program for scholarship donations. The program covers individuals who make donations that qualify under federal rules to organizations that award scholarships. The Iowa Department of Revenue and Department of Education would follow federal laws and rules to keep Iowa eligible. Both agencies would submit all required information each year to the U.S. Treasury secretary. The agencies would ensure Iowa is eligible for tax years beginning on or after January 1, 2027.
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Where it stands
- Introduced
- Passed 1st Chamber
- Passed 2nd Chamber
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Apr 20Subcommittee: Green, Dickey, and Winckler.Latest
- Apr 13Referred to Ways and Means.Minor
- Apr 9Read first time, passed on file.Minor
- Apr 9Message from House.
- Apr 8Immediate message.
- Vote recorded Shall the bill pass? Result: pass.Lower
- Apr 8Passed House, yeas 89, nays 3.Passed 1st Chamber
- Apr 6Introduced, placed on Ways and Means calendar.Introduced
EducationTaxes & Budget