A bill for an act relating to the disclosure of tax incentives provided to web search portal businesses and data center businesses, and including effective date provisions.

Summary

The bill forces web‑search‑portal and data‑center companies that receive sales‑and‑use‑tax incentives to register with the Iowa Department of Revenue and file yearly reports on fuel, electricity and exempt‑property purchases. The department will estimate each company’s tax savings from those reports and publish the company name and estimated savings starting in 2027. It also directs the Economic Development Authority to post a searchable list of these incentives online.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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