Iowa Education Legislative Watch
StateFunding

SF 2472

Caps property tax growth and changes school levy rates

The bill limits yearly growth in county and city property tax levies, sets new school foundation property tax rates starting in 2027, and creates a FirstHome Iowa trust for down payment savings. It also changes sales tax and school fund provisions.

Official 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.

Signed5 of 5

Where it stands

  1. Introduced
  2. Committee
  3. Senate
  4. House
  5. Governor

Last action, Jul 15: Fiscal note.

Votes

On these agendas

History

  • Fiscal note.Senate · Jul 15
  • Signed by Governor. S.J. 1032.Senate · May 18
  • Reported correctly enrolled, signed by President and Speaker, and sent to Governor. S.J. 1028.Senate · May 18
  • Message from House. S.J. 1020.Senate · May 3
  • Immediate message. H.J. 1157.House · May 2
  • Explanation of vote. H.J. 1164.House · May 2
  • Explanation of vote. H.J. 1158.House · May 2
  • Passed House, yeas 62, nays 22. H.J. 1156.House · May 2
  • House concurred in Senate amendment H-8495. H.J. 1156.House · May 2
  • Senate amendment H-8495 filed. H.J. 1156.House · May 2
  • Message from Senate. H.J. 1155.House · May 2
  • Immediate message. S.J. 1017.Senate · May 3
  • Passed Senate, yeas 41, nays 1. S.J. 1017.Senate · May 3
  • Senate concurred with S-5210, as amended. S.J. 1016.Senate · May 3
  • Amendment S-5260 to S-5210 filed, adopted. S.J. 1016.Senate · May 3
  • Fiscal note.Senate · Apr 23
  • Message from House, with amendment S-5210. S.J. 876.Senate · Apr 22
  • Immediate message. H.J. 985.House · Apr 22
  • Explanation of vote. H.J. 1082.House · May 1
  • Passed House, yeas 64, nays 23. H.J. 984.House · Apr 22
  • Amendment H-8394 adopted, as amended. H.J. 984.House · Apr 22
  • Amendment H-8398 to amendment H-8394 filed, adopted. H.J. 984.House · Apr 22
  • Motion to suspend rules failed. H.J. 984.House · Apr 22
  • Motion to suspend rules for immediate consideration of amendment H-8397 to amendment H-8394, yeas 26, nays 61. H.J. 982.House · Apr 22
  • Point of order raised on amendment H-8397 to amendment H-8394, ruled not germane. H.J. 982.House · Apr 22
  • Amendment H-8397 filed. H.J. 982.House · Apr 22
  • Unanimous consent for immediate consideration. H.J. 982.House · Apr 22
  • Placed on Ways and Means calendar. H.J. 974.House · Apr 21
  • Committee amendment H-8394 filed. H.J. 974.House · Apr 21
  • Committee vote: Yeas, 18. Nays, 6. Excused, 1. H.J. 974.House · Apr 21
  • Committee report, recommending amendment and passage. H.J. 974.House · Apr 21
  • Subcommittee recommends passage.House · Apr 20
  • Subcommittee reassigned: Nordman, Bloomingdale, McBurney, Wichtendahl and Wulf. H.J. 951.House · Apr 20
  • Subcommittee Meeting: 04/20/2026 12:00PM RM 103.House · Apr 17
  • Subcommittee: Nordman, Bloomingdale, McBurney, Wichtendahl and Young. H.J. 951.House · Apr 20
  • Fiscal note.House · Apr 14
  • Read first time, referred to Ways and Means. H.J. 875.House · Apr 13
  • Message from Senate. H.J. 841.House · Apr 8
  • Immediate message. S.J. 755.Senate · Apr 8
  • Passed Senate, yeas 41, nays 4. S.J. 755.Senate · Apr 8
  • Amendment S-5175 filed, adopted. S.J. 755.Senate · Apr 8
  • Amendment S-5172 filed, adopted. S.J. 754.Senate · Apr 8
  • Fiscal note.Senate · Apr 8
  • Committee report, approving bill. S.J. 578.Senate · Mar 16
  • Introduced, placed on Ways and Means calendar. S.J. 577.Senate · Mar 16