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Legislation / SF 2470

SENATE FILE 2470 Passed one chamber

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

Sponsor   Senate Ways & Means Committee Formerly   SF 2085 Last action   Subcommittee recommends passage. — April 27, 2026 Full text   Iowa Legislature ↗
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Introduced
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Passed subcommittee
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Passed committee
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Passed one chamber
Passed both chambers
Signed by Governor

Lobbyist declarations

17 declarations filed on this bill
● 1 For ● 6 Against ● 10 Undecided

Related legislation

Part of a group of 2 related bills
SF 2085 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.)
Passed committee
  • History
  • Votes
  • Lobbyist declarations
  • Calendar items
Date Chamber Action
Mar 12, 2026 Senate Introduced, placed on Ways and Means calendar. S.J. 560.
Mar 12, 2026 Senate Committee report, approving bill. S.J. 563.
Mar 18, 2026 Senate Fiscal note.
Mar 31, 2026 Senate Amendment S-5146 filed, withdrawn. S.J. 694.
Mar 31, 2026 Senate Amendment S-5142 filed, adopted. S.J. 694.
Mar 31, 2026 Senate Passed Senate, yeas 45, nays 1. S.J. 694.
Mar 31, 2026 Senate Immediate message. S.J. 694.
Apr 1, 2026 House Message from Senate. H.J. 788.
Apr 6, 2026 House Read first time, referred to Ways and Means. H.J. 808.
Apr 7, 2026 House Fiscal note.
Apr 8, 2026 House Subcommittee: Siegrist, Hora and Wessel-Kroeschell. H.J. 864.
Apr 14, 2026 House Subcommittee Meeting: 04/15/2026 12:00PM House Lounge.
Apr 15, 2026 House Tabled until future meeting.
Apr 23, 2026 House Subcommittee reassigned: Johnson, C., Lundgren and Wessel-Kroeschell. H.J. 997.
Apr 23, 2026 House Subcommittee Meeting: 04/27/2026 3:00PM House Lounge.
Apr 27, 2026 House Subcommittee recommends passage.

Vote summaries

Date Chamber Vote Result Yea Nay Not voting Democrats Republicans Pattern
Mar 31, 2026 Senate Floor Passage Passed 45 1 4 16–0 29–1 Bipartisan Support
Party columns count yea–nay. Committee votes are not shown.

Individual votes

  • Senate · Floor Passage · Mar 31, 2026
Shall the bill pass?
Passed 45 to 1 · Democrats 16 yea, 0 nay · Republicans 29 yea, 1 nay · 4 not voting
How each senator voted (50)
District Legislator Party Vote
1 Catelin Drey Democrat Yea
2 Jeff Taylor Republican Yea
3 Lynn Evans Republican Yea
4 Tim Kraayenbrink Republican Yea
5 Dave Rowley Republican Absent
6 Jason Schultz Republican Yea
7 Kevin Alons Republican Yea
8 Mark Costello Republican Yea
9 Tom Shipley Republican Yea
10 Dan Dawson Republican Yea
11 Julian Garrett Republican Absent
12 Amy Sinclair Republican Yea
13 Cherielynn Westrich Republican Absent
14 Sarah Trone Garriott Democrat Yea
15 Tony Bisignano Democrat Yea
16 Renee Hardman Democrat Yea
17 Izaah Knox Democrat Yea
18 Janet Petersen Democrat Yea
19 Ken Rozenboom Republican Yea
20 Mike Pike Republican Yea
21 Mike Bousselot Republican Yea
22 Matt Blake Democrat Yea
23 Jack Whitver Republican Yea
24 Jesse Green Republican Yea
25 Herman Quirmbach Democrat Yea
26 Kara Warme Republican Yea
27 Annette Sweeney Republican Yea
28 Dennis Guth Republican Yea
29 Sandy Salmon Republican Yea
30 Doug Campbell Republican Nay
31 William Dotzler Democrat Yea
32 Mike Klimesh Republican Yea
33 Carrie Koelker Republican Yea
34 Daniel Zumbach Republican Yea
35 Mike Zimmer Democrat Yea
36 Thomas Townsend Democrat Yea
37 Molly Donahue Democrat Yea
38 Dave Sires Republican Yea
39 Liz Bennett Democrat Yea
40 Art Staed Democrat Yea
41 Kerry Gruenhagen Republican Yea
42 Charlie McClintock Republican Yea
43 Zach Wahls Democrat Absent
44 Adrian Dickey Republican Yea
45 Janice Weiner Democrat Yea
46 Dawn Driscoll Republican Yea
47 Scott Webster Republican Yea
48 Mark Lofgren Republican Yea
49 Cindy Winckler Democrat Yea
50 Jeff Reichman Republican Yea
Client Declaration Last updated
Blockratize Inc. Against Mar 13, 2026
Cedar Rapids Development Group LLC Against Apr 15, 2026
Churchill Downs Incorporated Against Mar 13, 2026
Crypto.com Against Apr 13, 2026
Elite Casino Resorts, LLC Against Apr 14, 2026
Kalshi Inc. Against Mar 12, 2026
Caesars Enterprise Services, LLC. For Mar 13, 2026
Boyd Gaming & Dubuque Diamond Jo & Diamond Jo Worth Undecided Mar 13, 2026
Cedar Rapids Metro Economic Alliance Undecided Apr 1, 2026
City of Cedar Rapids Undecided Apr 1, 2026
Iowa Board of Regents Undecided Apr 15, 2026
Iowa Catholic Conference Undecided Apr 2, 2026
Iowa Department of Inspections, Appeals, and Licensing Undecided Mar 13, 2026
Iowa Gaming Association Undecided Mar 30, 2026
Iowa West Racing Association Undecided Mar 13, 2026
Penn Entertainment/Ameristar Undecided Mar 12, 2026
Prairie Meadows Racetrack and Casino Undecided Mar 12, 2026
Date Time Type Description Location
Apr 15, 2026 12:00 PM Hearing House Ways and Means Subcommittee House Lounge