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SF 2472IOWASession 2025-2026State BillSigned into law

Enacted

Iowa enacts comprehensive tax, property assessment, and state budget adjustments alongside first-time homebuyer program

Original title: A bill for an act relating to state and local government taxes, fees, financial authority, and budgets, by modifying property assessment provisions, divisions of revenue, and funding from the secure an advanced vision for education fund, establishing a program for first-time homebuyers, modifying and making appropriations, and including effective date, applicability, and retroactive applicability provisions. (Formerly SSB 3001 .) Effective date: 05/18/2026, 07/01/2026, 01/01/2027. Applicability date: 01/01/2026, 07/01/2026, 01/01/2027, 07/01/2027, 07/01/2028.

Last action · July 15, 2026: Fiscal note .

Bill progressHistory & official text ↓

Introduced

Committee

Floor Vote

Passed

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What This Bill Does

Iowa modifies state and local government taxes, fees, financial authority, and budgets by altering property assessment rules, revenue divisions, and Secure an Advanced Vision for Education (SAVE) fund allocations. The legislation establishes a first-time homebuyer assistance program, enacts appropriations, and sets effective dates ranging from May 18, 2026, through January 1, 2027.

Why it matters

Property owners, local governments, school districts funded by the SAVE fund, and prospective first-time homebuyers face altered financial calculations, tax structures, and subsidy eligibility timelines.

Background

SF 2472 originated from Senate Study Bill 3001 (SSB 3001) before being handled by the Committee on Ways and Means. context

Who It Affects

Groups the bill's text affects, as described in the record. Being affected is not a position for or against it.

Directly affected

First-time homebuyers

Prospective first-time homebuyers become eligible for a newly established assistance program.

Directly affected

Local governments

Tax authorities and municipalities must implement modified property assessment rules and revised divisions of revenue.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Frequently Asked Questions

What changes are made to property assessments under this law?

The bill modifies property assessment provisions and related divisions of revenue for state and local governments.

Who is eligible for the new program established by the bill?

The bill establishes a program specifically for first-time homebuyers.

What else do you want to know?

News Coverage

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Where This Stands

Current status: Signed into law.

Procedural history

53 actions

Jul 15, 2026Iowa Legislature
Fiscal note .
May 18, 2026SenateEnrolled
Signed by Governor . S.J. 1032 .
May 18, 2026Senate
Reported correctly enrolled, signed by President and Speaker, and sent to Governor. S.J. 1028 .
May 3, 2026House
Message from House. S.J. 1020 .
May 3, 2026Senate
Immediate message. S.J. 1017 .
May 3, 2026SenateFloor
Passed Senate , yeas 41, nays 1. S.J. 1017 .

Show 47 earlier actions

May 3, 2026SenateFloor
Senate concurred with S-5210 , as amended. S.J. 1016 .
May 3, 2026SenateFloor
Amendment S-5260 to S-5210 filed, adopted. S.J. 1016 .
May 2, 2026House
Immediate message. H.J. 1157 .
May 2, 2026House
Explanation of vote. H.J. 1164 .
May 2, 2026House
Explanation of vote. H.J. 1158 .
May 2, 2026HouseFloor
Passed House , yeas 62, nays 22. H.J. 1156 .
May 2, 2026HouseFloor
House concurred in Senate amendment H-8495 . H.J. 1156 .
May 2, 2026House
Senate amendment H-8495 filed. H.J. 1156 .
May 2, 2026House
Message from Senate. H.J. 1155 .
May 1, 2026House
Explanation of vote. H.J. 1082 .
Apr 23, 2026Iowa Legislature
Fiscal note .
Apr 22, 2026House
Message from House, with amendment S-5210 . S.J. 876 .
Apr 22, 2026House
Immediate message. H.J. 985 .
Apr 22, 2026HouseFloor
Passed House , yeas 64, nays 23. H.J. 984 .
Apr 22, 2026HouseFloor
Amendment H-8394 adopted, as amended. H.J. 984 .
Apr 22, 2026HouseFloor
Amendment H-8398 to amendment H-8394 filed, adopted. H.J. 984 .
Apr 22, 2026House
Motion to suspend rules failed. H.J. 984 .
Apr 22, 2026House
Motion to suspend rules for immediate consideration of amendment H-8397 to amendment H-8394 , yeas 26, nays 61. H.J. 982 .
Apr 22, 2026House
Point of order raised on amendment H-8397 to amendment H-8394 , ruled not germane. H.J. 982 .
Apr 22, 2026House
Amendment H-8397 filed. H.J. 982 .
Apr 22, 2026House
Unanimous consent for immediate consideration. H.J. 982 .
Apr 21, 2026House
Placed on Ways and Means calendar. H.J. 974 .
Apr 21, 2026House
Committee amendment H-8394 filed. H.J. 974 .
Apr 21, 2026House
Committee vote: Yeas, 18. Nays, 6. Excused, 1. H.J. 974 .
Apr 21, 2026House
Committee report, recommending amendment and passage. H.J. 974 .
Apr 20, 2026Iowa Legislature
Subcommittee recommends passage.
Apr 20, 2026House
Subcommittee reassigned: Nordman, Bloomingdale, McBurney, Wichtendahl and Wulf. H.J. 951 .
Apr 20, 2026House
Subcommittee: Nordman, Bloomingdale, McBurney, Wichtendahl and Young. H.J. 951 .
Apr 17, 2026Iowa Legislature
Subcommittee Meeting: 04/20/2026 12:00PM RM 103.
Apr 16, 2026Iowa Legislature
Fiscal note .
Apr 14, 2026Iowa Legislature
Fiscal note .
Apr 13, 2026HouseIntroduced
Read first time, referred to Ways and Means. H.J. 875 .
Apr 8, 2026House
Message from Senate. H.J. 841 .
Apr 8, 2026Senate
Immediate message. S.J. 755 .
Apr 8, 2026SenateFloor
Passed Senate , yeas 41, nays 4. S.J. 755 .
Apr 8, 2026SenateFloor
Amendment S-5175 filed, adopted. S.J. 755 .
Apr 8, 2026SenateFloor
Amendment S-5172 filed, adopted. S.J. 754 .
Apr 8, 2026Iowa Legislature
Fiscal note .
Mar 16, 2026Senate
Committee report, approving bill. S.J. 578 .
Mar 16, 2026SenateIntroduced
Introduced, placed on Ways and Means calendar. S.J. 577 .
Mar 11, 2026Iowa Legislature
Committee report approving bill, renumbered as SF 2472 .
Mar 4, 2026Iowa Legislature
Subcommittee recommends amendment and passage.
Feb 24, 2026Iowa Legislature
Subcommittee Meeting: 03/03/2026 12:30PM Room G15.
Feb 16, 2026Iowa Legislature
Subcommittee reassigned: Dawson, Bisignano, Driscoll, Schultz, and Winckler.
Jan 14, 2026Iowa Legislature
Subcommittee reassigned: Dawson, Bisignano, Driscoll, Rowley, and Winckler.
Jan 12, 2026Iowa Legislature
Subcommittee: Dawson, Bisignano, Driscoll, Petersen, and Rowley.
Jan 12, 2026Iowa LegislatureIntroduced
Introduced, referred to Ways and Means.

Version history

Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.

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Lobbying Activity

No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.

Full breakdown

Who this bill affects and the strongest case for and against it, written only from the bill’s own text.

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