Iowa · 2025-2026 Regular Session · Bill

SF 2470: 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 or amounts traded, making adjustments to individual and corporate income taxes, providing for fees, and including contingent effective date, applicability, and retroactive applicability provisions.

Passed one chamber Last action April 27, 2026: Subcommittee recommends passage.

Plain-language summary

SF 2470 is a bill introduced in the Iowa Senate on March 12, 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 or amounts traded, making adjustments to individual and corporate income taxes, providing for fees, and including contingent effective date, applicability, and retroactive applicability provisions. Primary sponsor: COMMITTEE ON WAYS AND MEANS. Most recent recorded action (April 27, 2026): Subcommittee recommends passage.

Sponsors

Primary sponsor: COMMITTEE ON WAYS AND MEANS.