Legislation / SF 2085

SENATE FILE 2085 Passed committee

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.(See SF 2470.)

Sponsor   Mike Klimesh (R-SD-032) Last action   Committee report approving bill, renumbered as SF 2470. S.J. 563. — March 12, 2026 Full text   Iowa Legislature ↗
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Introduced
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Passed subcommittee
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Passed committee
Passed one chamber
Passed both chambers
Signed by Governor

Lobbyist declarations

12 declarations filed on this bill
● 1 For ● 3 Against ● 8 Undecided

Related legislation

Part of a group of 2 related bills
SF 2470 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
Date Chamber Action
Jan 21, 2026 Senate Introduced, referred to Ways and Means. S.J. 122.
Jan 22, 2026 Senate Subcommittee: Dawson, Quirmbach, and Taylor. S.J. 133.
Mar 9, 2026 Senate Subcommittee Meeting: 03/11/2026 1:00PM Senate Lounge.
Mar 11, 2026 Senate Subcommittee recommends amendment and passage.
Mar 12, 2026 Senate Committee report approving bill, renumbered as SF 2470. S.J. 563.
No floor votes on this bill yet.
Client Declaration Last updated
Blockratize Inc. Against Mar 10, 2026
Cedar Rapids Development Group LLC Against Mar 11, 2026
Kalshi Inc. Against Mar 10, 2026
Caesars Enterprise Services, LLC. For Mar 10, 2026
Boyd Gaming & Dubuque Diamond Jo & Diamond Jo Worth Undecided Mar 9, 2026
Cedar Rapids Metro Economic Alliance Undecided Mar 12, 2026
Elite Casino Resorts, LLC Undecided Mar 10, 2026
Iowa Department of Inspections, Appeals, and Licensing Undecided Jan 22, 2026
Iowa Gaming Association Undecided Mar 10, 2026
Iowa West Racing Association Undecided Jan 22, 2026
Penn Entertainment/Ameristar Undecided Mar 10, 2026
Prairie Meadows Racetrack and Casino Undecided Jan 21, 2026
Date Time Type Description Location
Mar 11, 2026 1:00 PM Hearing Senate Ways and Means Subcommittee Senate Lounge
Mar 11, 2026 4:00 PM Hearing Senate Ways and Means Committee RM 116