Iowa HSB312 allows state banks to invest without limit in federal tax credits authorized by 26 U.S.C. Sections 45 and 48.

Iowa HSB312 modifies state banking regulations to permit state banks to invest without any limit in federal tax credits authorized under 26 U.S.C. Sections 45 and 48. This bill specifically adds a new subsection to Section 524.901 of the Iowa Code 2025, enabling state banks to engage in these investments for their own account. The tax credits in question pertain to those authorized by the Internal Revenue Code.

Iowa HSB312 allows state banks to invest without limit in federal tax credits authorized by 26 U.S.C. Sections 45 and 48.

Iowa HSB312 modifies state banking regulations to permit state banks to invest without any limit in federal tax credits authorized under 26 U.S.C. Sections 45 and 48. This bill specifically adds a new subsection to Section 524.901 of the Iowa Code 2025, enabling state banks to engage in these investments for their own account. The tax credits in question pertain to those authorized by the Internal Revenue Code.