HSB 544
Taxes large college endowments 15% to fund workforce grants
Taxes endowments above $250 million at 15% for certain Iowa colleges and universities. Caps gift-related charges at 5% and yearly endowment management fees at 1%, and directs the tax to workforce grants and private college tuition aid.
Official title
A bill for an act creating an endowment tax on the endowment value of certain Iowa colleges and universities, limited charges relating to certain endowment funds, making appropriations to workforce grant and incentive programs, and making appropriations to supplement tuition grants for high-wage and high-demand jobs.(See HF 2240.)
Where it stands
- Introduced
- Committee
- House
- Senate
- Governor
Last action, Jan 30: Committee report approving bill, renumbered as HF 2240.
On these agendas
- Higher Education CommitteeJan 28
ent) HSB 538: Collins (Amendment) HSB 540: Collins (Amendment) HSB 541: Collins HSB 544: Collins (Amendment) HSB 546: Holt (Amendment) Other Business Adjourn
- Higher Education SubcommitteeJan 22
Discussion of HSB 544 Discussion of HSB 544
History
- Committee report approving bill, renumbered as HF 2240.House · Jan 30
- Committee vote: Yeas, 6. Nays, 4. Excused, 1. H.J. 182.House · Jan 28
- Committee report, recommending amendment and passage. H.J. 182.House · Jan 28
- Subcommittee recommends passage.House · Jan 22
- Subcommittee Meeting: 01/22/2026 12:00PM RM 304.House · Jan 14
- Subcommittee: Collins, Brown-Powers and Hora. H.J. 72.House · Jan 13
- Introduced, referred to Higher Education. H.J. 68.House · Jan 13
- By COMMITTEE ON HIGHER EDUCATIONHouse · Jan 13