Iowa · 2025-2026 Regular Session · Bill

SF 2085: A bill for an act relating to event-driven contracts traded on dedicated contract markets by requiring a permit to conduct business in the state, imposing a tax on adjusted revenues, making adjustments to individual and corporate income taxes, providing for fees, and including retroactive applicability provisions.

In committee Last action March 12, 2026: Committee report approving bill, renumbered as SF 2470.

Plain-language summary

SF 2085 is a bill introduced in the Iowa Senate on January 21, 2026. According to its official title, it concerns: A bill for an act relating to event-driven contracts traded on dedicated contract markets by requiring a permit to conduct business in the state, imposing a tax on adjusted revenues, making adjustments to individual and corporate income taxes, providing for fees, and including retroactive applicability provisions. Primary sponsor: Mike Klimesh (Republican). Most recent recorded action (March 12, 2026): Committee report approving bill, renumbered as SF 2470.

Sponsors

Primary sponsor: Mike Klimesh (Republican).