Economic Development initiatives advance

April 21, 2016

The Iowa House Appropriations Committee considered Senate File 2308, which establishes an Enhance Iowa board and encourages investments in quality of life initiatives. An amendment was proposed that eliminates the funding mechanism for 2016 but establishes the structure for the board to issue awards in the future.

The Iowa Senate Ways and Means Committee amended and passed House File 2443, the Economic Development Authority policy bill. The bill updates old code and also addresses the historic tax credit program and defines which agency has oversight of the program. The bill was debated on the Senate floor Wednesday and the House must now decide whether to concur with the Senate amendment.