A bill for an act relating to matters under the purview of the economic development authority, the utilities commission, and the department of education, including creation of the headquarters expansion and development for growth and employment program, and the business incentives for growth program training fund; repeal of the new jobs tax credit program; the major economic growth attraction program; load forecasting and analysis of electric transmission system expansion plans; creation of t...

Summary

The bill establishes the EDGE program to give tax incentives to out‑of‑state companies that locate their corporate headquarters in Iowa, creates a fund to reimburse training costs for qualifying jobs, and sets up a biennial load‑forecasting report for the electric transmission system. It also repeals the New Jobs Tax Credit and modifies several tax‑code sections. The measure was withdrawn and will not become law unless reintroduced.

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