Increases the maximum workforce housing tax incentives in Iowa from $35 million to $50 million, with $25 million reserved for small cities.

This bill modifies the maximum amount of workforce housing tax incentives available in Iowa. It raises the overall cap from $35 million to $50 million. Additionally, it increases the allocation reserved for projects in small cities from $17.5 million to $25 million. These changes apply to tax incentives against individual and corporate income taxes, the franchise tax, the insurance premiums tax, and the moneys and credits tax.

Increases the maximum workforce housing tax incentives in Iowa from $35 million to $50 million, with $25 million reserved for small cities.

This bill modifies the maximum amount of workforce housing tax incentives available in Iowa. It raises the overall cap from $35 million to $50 million. Additionally, it increases the allocation reserved for projects in small cities from $17.5 million to $25 million. These changes apply to tax incentives against individual and corporate income taxes, the franchise tax, the insurance premiums tax, and the moneys and credits tax.