HF 2799: A bill for an act relating to matters under the purview of the economic development authority, the utilities commission, and the department of education, including creation of the headquarters expansion and development for growth and employment program, and the business incentives for growth program training fund; repeal of the new jobs tax credit program; the major economic growth attraction program; load forecasting and analysis of electric transmission system expansion plans; creation of the electric transmission system expansion planning and analysis and load forecasting fund; the industrial new jobs training program; and establishing the new jobs training program interim study committee; and including effective date provisions.
HF 2799 status: Enacted — Signed by Governor (updated Jun 2, 2026).
What this bill does
Overall score
Bill summary
OfficialA bill for an act relating to matters under the purview of the economic development authority, the utilities commission, and the department of education, including creation of the headquarters expansion and development for growth and employment program, and the business incentives for growth program training fund; repe...
Key analysis
Impact analysis
Environment
Benefits
- Infrastructure planning includes systemic load forecasting for electric utility expansion
Risks
- No direct impact on environmental protection standards or carbon transition mandates
Economy
Benefits
- Creates targeted incentives for corporate headquarters recruitment and retention
- Streamlines incentive training funds for business growth
- Establishes a transparent interim study for job training efficacy
Risks
- Fiscal exposure from tax credit programs
- Repeals older tax credit programs which may impact legacy businesses
Society
Benefits
- Focus on high-wage job creation and comprehensive employee benefits
- Enhanced oversight of community college-led training programs
Risks
- Public funds diverted to private corporate incentives
- Potential for uneven economic distribution across different Iowa regions
How trustworthy & consequential it is
Source
LegiScan
Confidence
highhigh
Analysis status
LegiScan full bill text
The repeal of existing tax credit programs creates transition uncertainty for businesses currently relying on those incentives.
Economic outcomes depend on the future efficacy of administrative rules established by the Economic Development Authority.
Where it stands
Introduced
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