Iowa Legislature 2007 Session Tax Proposals
This listing is an attempt to track tax bills for the 2007 legislative session.  While we will
do our best to keep it up to date, we appreciate any updates or corrections our readers
may have.  Direct them to Joe Kristan (jkristan -at- rothcpa.com).
House of Representatives Click here to return to the Tax Update home page.
Bill Number Status Description Prognosis
HF 14 (1/11) Referred to Ways and Means $1 per pack increase in the cigarette tax See HF 555 HF 14
HF 40 (1/17) Referred to Ways and Means Provides a $250 tax credit for teacher expenses. Unknown HF 40
HF 41 (1/17) Referred to Ways and Means Exempts sales of business equity interests held for 36 months or more Nope. HF 41
HF 42 (1/17) Referred to Ways and Means Sales tax exemption for audio and video production Unknown HF 42
HF90 (1/23) Referred to Ways and Means One week sales tax exemption for the purchase of school supplies  Unknown HF 90
HF 103 (1/24) Referred to Ways and Means Exempts income received as restitution by crime victims from Iowa income tax Unknown HF 103
HF 105 (1/24) Referred to Ways and Means Individual tax credit for volunteer firefighters and EMTs (maximum $250) Unknown HF 105
HF 110 (1/24) Referred to Ways and Means Exempts income from sale of farmland to Dept. of Transportation from tax if proceeds are deposited into a qualified pension plan. Seems unlikely HF 110
HF 112 (1/24) Referred to Ways and Means Excludes up to $15,000 of stipends received by volunteer firefighter from Iowa tax Seems unlikely HF 112
HF 130 (1/26) Referred to Ways and Means Increases total authorized "historic preservation and culturan and entertainment district tax credits" Probably will pass HF 130
HF 133 (1/26) Referred to Veterans affairs committee Excludes retirement pay for military service from income tax Unknown HF 133
HF 134 (1/26) Referred to Veterans affairs committee Increases property tax exemption for veterans from #1,852 to $2,500. Unknown HF 134
HF 135 (1/26) Referred to Veterans affairs committee Excludes active duty pay of military, national guard and reserve from Iowa tax Unknown HF 135
HF 163 (1/30) Referred to Local Govt Committee Authorizes local property tax for recreation programs for the disabled Unknown HF 163
HF 170 (1/31) Referred to Ways and Means $1 Checkoff for zoos Unknown HF 170
HF 171 (1/31) Voted out of committee 2/22 Property tax exemption for residential property in historic districts Unknown HF 171
HF 197 (2/2) Referred to Veterans affairs committee Excludes active duty pay (other than training) of military, national guard and reserve from Iowa tax Unknown HF 197
HF 218 (2/6) Referred to Ways and Means Gives dentists a special deduction for "state medical reimbursement which is less than their normal fee" Insane. HF 218
HF 219 (2/6) Referred to Ways and Means 75% property tax exemption  "recreational property," including golf courses and amusement parks Unknown/absurd HF 219
HF 228  ( 2/6) Referred to Ways and Means Denies property tax credit for pollution equipment to farms not qualifying for family farm tax credit Unknown HF 228
HF 246 (2/7) (now HF 809) Voted out of economic growth committee 3/6; assigned to Ways and Means 3/14 Allows biotech companies and other "targeted" businesses to sell their net operating loss carryforwards as tax credits. Unknown HF 246
HF 249 (2/7) Referred to Education Committee Provides a 25% tax credit for outside employers for certain wages paid to public school or community college teachers. Unknown HF 249
HF 275 (2/8) Referred to Human Resources Gives health providers an extra deduction for "underpayments" from the medicare rates if they participate in the "voluntary physician provider program."  No income, and a deduction, too! Insane. HF 275
HF 284 (2/8) Referred to Ways and Means Gives dentists a special deduction for "state medical reimbursement which is less than their normal fee" Insane. HF 285
HF 293 (2/9) Referred to Ways and Means Makes Iowa Earned Income Credit refundable. Unknown HF 293
HF 306 (2/9) Referred to Ways and Means Provides non-refundable tax credit for salary or benefit continuation for National Guard or reserve troops on active duty. Unknown HF 306
HF 318 (2/9) Referred to Ways and Means $250 credit for volunteer firefighters and EMT techs. Unknown HF 318
HF 319 (formerly HSB 107) Signed by Governor 3/9/07 Update Iowa's tax computation conformity to reflect federal law changes (similar to SSB 1059 Enacted HF 319
HF 322 (2/9) Referred to Ways and Means Denies property tax credit for pollution equipment to farms not qualifying for family farm tax credit Unknown HF 322
HF 326 (2/12) Referred to Ways and Means Requires combined reporting of members of "unitary" members consolidated coporation return groups  Likely to pass HF 326
HF 346 (2/13) (now HF 555) Voted out of Ways and Means 2/21; placed on calendar for floor debate 2/27. $1 per pack increase in the cigarette tax and "healthy Iowans Tobacco Trust"; also provides additional tobacco taxes. A sure thing, in one form or another HF 346
HF 360 (2/13) Referred to Appropriations Gives extra tax refunds to taxpayers already holding Historic and Cultural District Credits; increases annual credits available from $4 million to $20 million Did you get the license number? HF 360
HF 376 (2/14) Referred to Ways and Means; see also HF 882 Increase in tax credit for "use of soy-based transformer fluid by electric utilities" Unknown HF 376
HF 395 (2/13) Referred to Economic Growth Creates board to pass out newly-authorized tax credits to "bioscience related projects" Unknown HF 395
HF 395 (2/15) Referred to Ways and Means $1 per pack increase in the cigarette tax and "healthy Iowans Tobacco Trust" A sure thing, in one form or another HF 395
HF 403 (2/16) Referred to Ways and Means 1 cent per gallon tax on ethanol exported from Iowa. Insane. Probably not constitutional HF 403
HF 410 (2/16) Referred to Ways and Means Exempts light bulbs used in poultry facilities from sales tax. Unknown HF 410
HF 411 (2/16) Cleared Economic Growth Committee 3/6) Film production tax credits Likely to pass HF 411
HF 418 (2/19) Referred to Ways and Means Provides a temporary income tax credit for property taxes paid, up to $275 in 2007 and $550 in 2008 and 2009. Not likely HF 418
HF 448 (2/20) Referred to Ways and Means Exempts inheritances by siblings, aunts, uncles nephews and nieces, and spouses' parents, grandparents, great-grandparents, grandchildren, great-grandchildren, uncles, aunts, siblings, nephews, and nieces from inheritance tax. Unknown HF 448
HF 456 (2/20) Cleared Economic Growth Committee 3/6); See also HF 812, introduced 3/15 as "successor to HF 456" Broadens definition of cultural and entertainment district; allows artists to deduct the appreciated value of their own work when it's contributed to charity; allows artists living and working in C&E districts to not pay income tax on up to $25,000 in art income. Oh, please please please…. HF 456
HF 457  (2/20) Referred to Ways and Means Makes mandatory the current optional township property tax for emergency services Unknown HF 457
HF 531 (2/26) Referred to Ways and Means Increases Iowa earned income tax credit rate from 6.5% of federal credit to 15% . Unknown HF 531
HF 555 (2/13) (originally  HF 346) Voted out of Ways and Means 2/21; placed on calendar for floor debate 2/27. Enacted as SF 128 $1 per pack increase in the cigarette tax and "healthy Iowans Tobacco Trust"; also provides additional tobacco taxes. A sure thing, in one form or another HF 555
HF 638 (3/5) Referred to Ways and Means Similar to HF 218, except it provides the same goofy deal to eye-care professionals Insane HF 638
HF 662 (3/5) Referred to Ways and Means Prohibits the Department of Revenue from requiring a Social Security number on checks for tax payments Unknown HF 662
HF 680 (3/6) Referred to Ways and Means Sales tax exemption for audio and video production Unkown HF 680
HF 697 (3/6) Referred to Ways and Means Inheritance tax exemption for ag land not already exempt if it is used in farming for 20 more years Unlikely HF 697
HF 698 (3/6) Referred to Ways and Means Urban renewal property tax break Unknown HF 698
HF 703 (3/6) Referred to Ways and Means Changes property taxation of telecomunication property, reducing amounts subject to tax Unknown HF 703
HF 705 (3/6) Referred to Ways and Means Phases out insurance premium tax over four years starting in 2008. Unknown HF 705
HF 712 (3/13) (formerly HSB 169) Cleared Econoimic Growth 3/6; reassigned to ways and Means 3/13. Extends the "new jobs" employment credit to insurance companies as an offset to the premium tax. Unknown HF 712
HF 720 (3/7) Referred to Ways and Means Exemts the purchase of fitness equipment by exercise clubs from sales tax. Unlikely HF 720
HF 730 (3/8)[1] Referred to Ways and Means Tax credit for employers who pay a portion of student loans, up to 30% of the loan amount. Unknown HF 730
HF 732 (3/8) Referred to Ways and Means Creates an Iowa work opportunity credit equal to 25% of the federal credit Unknown HF 732
      HF
HF 734 (3/8) Referred to Ways and Means Reduces amount of commercial and industrial value subject to tax to 85% of value over a period of several years Unknown HF 732
HF 769 (formerly HSB 168) Cleared Econoimic Growth 3/6; reassigned to ways and Means 3/13. Cleared Ways and Means 4/12; succeeded by HF 903 4/13. Extends the "new jobs" employment credit to insurance companies as an offset to the premium tax. Unknown HF 768
HF 782 (3/13) Referred to Ways and Means Directs Department of Revenue to negotiate recipricol agreements with other states and report annually on status of negotiations. Unknown HF 782
HF 794 (formerly HSB 229) Cleared Ways and Means 3/8 Tax Credit for 20% of present value of "planned gifts" to qualified comminity foundations Unknown HF 794
HF 805 (formerly HSB 105) State Government Committee; Assigned to Appropriations 3/14. 1% sales tax on political advertising, income tax checkoff to finance campaigns, and $200 deduction for contributions to "clean elections fund" Unknown HF 805
HF 809 (formerly HF 246) Voted out of economic growth committee 3/6; assigned to Ways and Means 3/14 Allows biotech companies and other "targeted" businesses to sell their net operating loss carryforwards as tax credits. Unknown HF 809
HF 812 (3/15), Successor to HF 456 Referred to Ways and Means Allows artists to take up to $25,000 deduction on donation of self-created art.   Oh, please please please…. HF 812
HF 814 (formerly HF 411) (3/15) Cleared Economic Growth Committee 3/6; referred to Ways and Means 3/15.  Succeeded by HF 892 4/3 Film production tax credits Likely to pass HF 814
HF 832 (3/19) Referred to Ways and Means; cleared Ways and Means 4/12; succeeded by HF 902 4/13. 50% tax credit for contributions of real estate for qualified conservation purposes Unknown HF 832
HF 835 (3/19) Referred to Ways and Means Allows property to go to siblings, nieces and nephews without inheritance tax if there are no lineal descendants Unknown HF 835
HF 854 (3/19) Referred to Ways and Means Increases statewide sales tax rate to 6%, replacing 1% local option tax Likely to pass HF 854
HF 858 (3/19) Referred to Ways and Means Transferable tax credits for biodiesel facilities built in enterprise zones Unknown HF 858
HF 881 (3/27) Referred to Ways and Means Allows a "biotechnology enterprise" to sell its operating losses as tax credits Unknown HF 881
HF 882 (3/27), successor to HF 376. Referred to Ways and Means Doubles the credit for utilities for using "soy-based transformer fluid" and extends it two years, to 2010. Likely to pass HF 882
HF 892 (4/3), successor to HF 411 and HF 814 Referred to Ways and Means; passed House 4/11. Passed Senate, 4/18. Signed by Governor May 17. Three tax breaks for films: a 25% transferable credit to producers for movie-makers; a 25% investment credit for investors in film projects; and an exemption from income from property or services "directly related" to a film project qualifying for the credits. Enacted.  Suckers! HF 892
HF 893 (4/4) Voted out of ways and means 4/18. Passed 4/27 as SF 580. Iowa tax amnesty Likely to pass HF 893
HF 902 (4/13) Ways and Means (successor to HF 832) 50% tax credit for contributions of real estate for qualified conservation purposes Likely to pass HF 902
HF 903 (4/13) Ways and Means (successor to HF 768 and HSB 168) Extends the "new jobs" employment credit to insurance companies as an offset to the premium tax. Likely to pass
HF 905 (4/16) Voted out of Ways and Means 4/25) Refundable income tax credit of up to $320 on real property of taxpayers with up to $300,000 of improved Iowa commercial real estate ($320 per corporation on consolidated returns) Weird and silly.
HF 912 (4/18) Signed by Governor May 25. Sales and property tax breaks to lure Google as it plays Iowa off against other states. Enacted
HF 923 (4/20) Successor to HF 106.  Passed by house 4/26. Passed Senate, 4/28.  Signed by Governor May 24. Technical bill, similar to SSB 1075. Enacted
HJR 1 (1/17) Referred to Ways and Means Constitutional amendment requiring referendum for tax increases Not gonna happen. HJR 1
HSB 90 (1/25) Proposed in Veterans Affairs committee Excludes active duty pay of military, national guard and reserve from Iowa tax Unknown HSB 90
HSB 105 (1/29) (now HF 805) State Government Committee; Assigned to Appropriations 3/14. 1% sales tax on political advertising, income tax checkoff to finance campaigns, and $200 deduction for contributions to "clean elections fund" Unknown HSB 105
HSB 106 (1/29) Voted out of ways and means 4/19.  Replaced by HF 923. Technical bill, similar to SSB 1075. Likely to pass HSB 106
HSB 107 (1/29) (now HF 319) Signed by Governor 3/9/07 Update Iowa's tax computation conformity to reflect federal law changes (similar to SSB 1059 Enacted HSB 107
HSB 146 (2/6) Voted out of Economic Growth committee 2/8 Increases total authorized "historic preservation and culturan and entertainment district tax credits" from $2 million to $20 million annually Probably will pass HSB 146
HSB 168 (2/7) (renamed HF 768) Cleared Econoimic Growth 3/6; reassigned to ways and Means 3/13. Extends the "new jobs" employment credit to insurance companies as an offset to the premium tax. Unknown HSB 168
HSB 225 (2/21) Ways and Means Increases Iowa earned income tax credit rate from 6.5% to 10% of federal credit. Unknown HSB 225
HSB 226 (2/21) Ways and Means Taxes assisted living facilities as residential property Unknown HSB 226
HSB 229 (2/22) (now HF 794) Cleared Ways and Means 3/8 Tax Credit for 20% of present value of "planned gifts" to qualified comminity foundations Unknown HSB 229
HSB 250 (3/5) Cleared Education Committee March 7. Eliminates the local option sales 1% optional sales tax levy and increases the statewide sales tax by 1%. Probably will pass HSB 250
HSB 298 (3/28) Cleared ways and means April 2. Governor's tax amnesty proposal  Probably will pass HSB 298
HSB 299 (3/29) Ways and Means  Repeals "forest" tax exemption Unknown HSB 299
HSB 305 (4/4) Ways and Means  5% tax on satellite video revenues to protect municipal cable monopolies Unknown
HSB 309 (4/12) Ways and Means  A 7 cent per gallon refundable consumer income tax credit for purchases of blended bieodiesel Insane HSB 309
HSB 311 (4/17) Ways and Means. See HF 912 Sales tax and property tax exemptions for Google or somebody like that. Likely to pass HSB 305
HSB 315 (4/19) Ways and means Allows vendors at EarthPork to retain sales taxes they collect from visitors to this doomed money pit. They can't be this dumb.  Can they?
Senate
Bill Number Status Description Prognosis
SF 4 (1/8) Referred to Ways and Means Repeals sales tax for "casual sales"of motor vehicles, aircraft and boats retroactively to 7/1/2005. Unknown SF 4
SF 6 Referred to Ways and Means Doubles the income limit (currently $45,000) for the child and dependent care credit. Unknown SF 6
SF 12 (1/9) Referred to Ways and Means Individual tax credit for volunteer firefighters and EMTs (maximum $500) Unknown SF 12
SF 26 Referred to Ways and Means Sales tax exemption for operation of "nonprofit private performing arts centers" and sales tax refund for expenses in building them Unknown SF 26
SF 45 (1/23) Referred to Ways and Means Individual tax credit for volunteer firefighters and EMTs (maximum $250) Unknown SF 45
SF 98 (2/6) Referred to Ways and Means Increases total authorized "historic preservation and culturan and entertainment district tax credits" from $2 million to $20 million annually Probably will pass SF 98
SF 122 (2/6) Referred to Ways and Means Sales tax exemption for "energy star" appliances Unknown SF 122
SF 171 (2/14) Referred to Ways and Means Exempts severance pay from tax for non-management employees Unknown SF 171
SF 172 (2/14) Referred to Ways and Means Property tax exemption for golf courses, amusement parks, volleyball parks, ski areas and water parks Unknown SF 172
SF 228 (2/20) Referred to Ways and Means Exempts the instructional support property tax levy of a school district from being collected as part of the incremental taxes paid to a municipality for an urban renewal area. Unknown SF 228
SF 237 (2/20) Referred to Ways and Means Reduces bingo proceeds subject to sales tax by amount paid out in winnings Unknown SF 237
SF 279 (formerly SSB 1059) Signed by Governor 3/9/07 Update Iowa's tax computation conformity to reflect federal law changes (similar to SSB 1059 Enacted SF 278
SF 295 (2/26) Referred to Ways and Means Extends credit for "the use of soy-based transformer fluid by electric utilities" through 2009. Unknown SF 295
SF 320 (3/1) Referred to Ways and Means Small business Health Care Credit Unknown SF 320
SF 321 (3/1) Referred to Ways and Means Sales tax exemption for more farm stuff Unknown SF 321
SF 323 (3/1) Referred to Ways and Means; succeeded by SF 581. Retroactive tax exemption for exempt organizations that buy real estate; rifle shot tax refund for some exempt entity in Dubuque County Unknown SF 323
SF 363 (3/6) Referred to Ways and Means Taxes "recreational property" on 90 percent of assessed value Unknown SF 363
SF 376 (3/6) Referred to Ways and Means Allows special transferble investment credit (read: subsidy) to biodiesel facility built in enterprise zones. Unknown SF 376
SF 379 (3/6) Referred to Ways and Means Exempts active duty income of military, national guard, and reserve troops from income retroactive to 9/11/2001, with an extended statute of limitations to claim refunds Unlikely SF 379
SF 390 (3/7) Referred to Ways and Means Imposes a new 5% gross receipts tax on cable and satellite system revenue. Unlikely SF 390
SF 393 (3/7) Referred to Ways and Means Refunds five years of sales tax on power consumption for "information technology facilities" (server farms?) Unknown SF 393
SF 394 (3/7) Referred to Ways and Means A credit for electric utilities for electricity produced with biomass Unknown SF 394
SF 496 (3/12) Referred to Ways and Means Provides a commercial property tax credit to the extent of the percentage of the state's economic growth. Unknown SF 496
SF 540 (3/13) Passed house, 4/11; passed senate, 4/17. Signed by Governor May 9 Allows penalty waiver if inheritance return is filed late solely due to disclaimer Enacted
SF 547 (3/14) Referred to Ways and Means Requires financial institutions to report accounts opened by foreign trusts; allows Department of Revenue to tax deposits into such accounts as Iowa income. Stupid, but who knows? SF 547
SF 566 (3/19) Referred to Ways and Means.  Passed Senate 3.29. Voted out of House Ways and Means 4/12. Passed House 4/24. Signed by Governor April 20. Gives extra tax refunds to taxpayers already holding Historic and Cultural District Credits; increases annual credits available from $4 million to $20 million. (100% tax credit for charitable contributions of art by author has been removed from bill) Brazen raid on the fisc. Enacted SF 556
SF 580 (4/5) Successor to SSB 1168.  Approved by Ways and Means 4/5; approved by Senate 4/9, 48-2; approved as amended by house, 4/27; final Senate approval 4/27. Signed by Governor May 25. Tax Amnesty Enacted SF 580
SF 581 (4/5) Approved by Ways and Means 5/5. Retroactive tax exemption for exempt organizations that buy real estate; rifle shot tax refund for some exempt entity in Dubuque County Unknown SF 581
SF 583 (4/9) Introduced and approved by Ways and Means 4/9 (successor to SSB 1341) Requires Department of Revenue to gather data on research and jobs training credits Unknown
SF 587 (4/12) Ways and Means (successor to SSB 1349); passed Senate 4/23. 50% credit on up conservation donations up to $100,000 Unknown SF 587
SF 590 (4/17) Passed Senate, 4/19.  Passed House 4/27. Signed by Governor May 15. Increases state earned income credit from 6 1/2% of federal to 7% and makes the credit refundable Likely to pass
SF 596 (4/18) Passed Senate 4/19.  See also HF 923. Technical bill, various provisions. Also includes infamous "I-pod tax" on downloads and downloaded ringtones. Likely to pass
SF 128 (formerlySSB 1055) (1/18) Voted out of committee 2.8; Passed senate 3/7; messaged to House 3/8; Passed by house 3/13. Signed by Governor 3/15. $1 per pack increase in the cigarette tax Enacted SF 1055
SF 168 (2/13) Referred to Ways and Means Increase in tax credit for "use of soy-based transformer fluid by electric utilities" Unknown SF  168
SJ 1 (1/31) Referred to Ways and Means Constitutional amendment requiring voter approval for tax and fee increases Not a prayer. SJ 1
SSB 1056 (1/18) Ways and Means Increase dependent credit from $40 to $70. Unknown SSB 1056
SSB 1057 (1/18) Ways and Means Increase Iowa's earned income tax credit from 6.5% of the federal credit to 15%, and to make it refundable Unknown SSB 1057
SF 278 (formerly SSB 1059) Signed by Governor 3/9/07 Update Iowa's tax computation conformity to reflect federal law changes (similar to SSB 1059 Enacted SSB 1059
SSB 1074 (1-22) Ways and Means Requires members of affiliated groups (consolidated return rules) of corporations to file combined returns on a unitary basis Probably will pass SSB 1074
SSB 1075 (1-22) Ways and Means Technical bill, various provisions. Requires recapture of College Savings Iowa deductions if withdrawn amounts not used for eduction. Probably will pass SSB 1075
SSB 1139 (1/30) Ways and Means Tax credit for "biomass burning stoves" used in residential buildings Unknown SSB 1139
SSB 1167 (2/6) Ways and Means Increase earned income credit to 10% of federal amount Unknown SSB 1167
SSB 1168  (2/6) Approved by Ways and Means 4/4. See also SF 580 Tax Amnesty Probably will pass SSB 1168
SSB 1221 (2/13) Ways and Means Exempts producers of under 300 gallons of biodiesel from registration requirements; repeal 3 cent biodiesel credit in 2011, rather than 2012. Unknown SSB 1221
SSB 1279 (2/27) Ways and Means $275 personal and corporation tax credit for commercial property taxes. Unknown SSB 1279
SSB 1307 (3/5) Ways and Means Would allow Des Moines (and other cities) to again impose its court-rejected franchise fee. Unknown SSB 1307
SSB 1334 (3/27 Ways and Means Would allow credit for employer repayment of employee student loans. Good grief, are they this stupid? SSB 1334
SSB 1349 (4/4) Ways and Means (succeeded by SF 587) 50% credit on up conservation donations up to $100,000 Unknown SSB 1349
SSB 1350 (4/4) Ways and Means Denies tax breaks for pollution control equipment to big farms Unknown SSB 1350
SSB 1354 (4/12) Ways and Means; succeeded by SF 590 Increases state earned income credit from 6 1/2% of federal to 7% and makes the credit refundable Unknown SSB 1354
       
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