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 Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
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.
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Sponsors
Sponsors by party (alphabetical): Republican 1
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Mike Klimesh | Primary sponsor | Republican | Senate | 32 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- Committee report approving bill, renumbered as SF 2470.
- Subcommittee recommends amendment and passage.
- Subcommittee Meeting: 03/11/2026 1:00PM Senate Lounge.
- Subcommittee: Dawson, Quirmbach, and Taylor.
- Introduced, referred to Ways and Means.