Legislation / SF 2492

SENATE FILE 2492 Signed by Governor

Creating a state corporate income tax deduction for net controlled foreign corporation tested income, and including retroactive applicability provisions

Sponsor   Senate Ways & Means Committee Effective   07/01/2026 Formerly   SF 2292, SSB 3105 Last action   Signed by Governor. S.J. 1033. — May 15, 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
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Passed both chambers
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Signed by Governor

Lobbyist declarations

12 declarations filed on this bill
● 7 For ● 0 Against ● 5 Undecided

Related legislation

Part of a group of 3 related bills
SF 2292 Creating a state corporate income tax deduction for net controlled foreign corporation tested income, and including retroactive applicability provisions
Passed committee
SSB 3105 Creating a state corporate income tax deduction for net controlled foreign corporation tested income, and including retroactive applicability provisions.(See SF 2292, SF 2492.)
Passed committee
Date Chamber Action
Apr 15, 2026 Senate Introduced, placed on Ways and Means calendar. S.J. 804.
Apr 15, 2026 Senate Committee report, approving bill. S.J. 807.
Apr 20, 2026 Senate Fiscal note.
Apr 27, 2026 Senate Passed Senate, yeas 46, nays 0. S.J. 889.
Apr 27, 2026 Senate Immediate message. S.J. 890.
Apr 27, 2026 House Message from Senate. H.J. 1011.
Apr 28, 2026 House Read first time, referred to Ways and Means. H.J. 1013.
Apr 29, 2026 House Subcommittee: Behn, Kurth and Siegrist. H.J. 1043.
Apr 29, 2026 House Subcommittee Meeting: 04/30/2026 8:30AM RM 102.
Apr 30, 2026 House Subcommittee recommends passage.
May 1, 2026 House Committee report, recommending passage. H.J. 1085.
May 1, 2026 House Committee vote: Yeas, 24. Nays, 0. Excused, 1. H.J. 1085.
May 1, 2026 House Placed on Ways and Means calendar. H.J. 1085.
May 2, 2026 House Passed House, yeas 85, nays 0. H.J. 1113.
May 2, 2026 House Explanations of votes. H.J. 1159.
May 2, 2026 House Immediate message. H.J. 1118.
May 2, 2026 Senate Message from House. S.J. 979.
May 11, 2026 Senate Reported correctly enrolled, signed by President and Speaker, and sent to Governor. S.J. 1028.
May 14, 2026 Senate Fiscal note.
May 15, 2026 Senate Signed by Governor. S.J. 1033.

Vote summaries

Date Chamber Vote Result Yea Nay Not voting Democrats Republicans Pattern
Apr 27, 2026 Senate Floor Passage Passed 46 0 4 16–0 30–0 Unanimous
May 2, 2026 House Floor Passage Passed 85 0 15 25–0 60–0 Unanimous
Party columns count yea–nay. Committee votes are not shown.

Individual votes

Shall the bill pass?
Passed 46 to 0 · Democrats 16 yea, 0 nay · Republicans 30 yea, 0 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 Yea
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 Yea
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 Absent
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
Shall the bill pass?
Passed 85 to 0 · Democrats 25 yea, 0 nay · Republicans 60 yea, 0 nay · 15 not voting
How each representative voted (100)
District Legislator Party Vote
1 J.D. Scholten Democrat Absent
2 Robert Henderson Republican Yea
3 Thomas Jeneary Republican Yea
4 Skyler Wheeler Republican Absent
5 Zachary Dieken Republican Absent
6 Megan Hess Jones Republican Yea
7 Wendy Larson Republican Yea
8 Ann Meyer Republican Yea
9 Henry Stone Republican Yea
10 John Wills Republican Yea
11 Craig Williams Republican Yea
12 Steven Holt Republican Yea
13 Travis Sitzmann Republican Yea
14 Jacob Bossman Republican Yea
15 Matt Windschitl Republican Yea
16 David Sieck Republican Yea
17 Devon Wood Republican Yea
18 Tom Moore Republican Yea
19 Brent Siegrist Republican Yea
20 Josh Turek Democrat Absent
21 Brooke Boden Republican Yea
22 Samantha Fett Republican Yea
23 Ray Sorensen Republican Yea
24 Sam Wengryn Republican Yea
25 Hans Wilz Republican Absent
26 Austin Harris Republican Yea
27 Kenan Judge Democrat Yea
28 David Young Republican Yea
29 Brian Meyer Democrat Yea
30 Megan Srinivas Democrat Yea
31 Mary Madison Democrat Absent
32 Jennifer Konfrst Democrat Yea
33 Ruth Ann Gaines Democrat Absent
34 Rob Johnson Democrat Yea
35 Sean Bagniewski Democrat Yea
36 Austin Baeth Democrat Yea
37 Barb Kniff McCulla Republican Yea
38 Jon Dunwell Republican Yea
39 Rick Olson Democrat Absent
40 Bill Gustoff Republican Yea
41 Ryan Weldon Republican Yea
42 Heather Matson Democrat Yea
43 Eddie Andrews Republican Absent
44 Larry McBurney Democrat Yea
45 Brian Lohse Republican Yea
46 Dan Gehlbach Republican Yea
47 Carter Nordman Republican Yea
48 Chad Behn Republican Yea
49 Beth Wessel-Kroeschell Democrat Yea
50 Ross Wilburn Democrat Yea
51 Brett Barker Republican Yea
52 David Blom Republican Yea
53 Dean Fisher Republican Yea
54 Joshua Meggers Republican Yea
55 Shannon Latham Republican Absent
56 Mark Thompson Republican Yea
57 Pat Grassley Republican Yea
58 Charley Thomson Republican Yea
59 Christian Hermanson Republican Yea
60 Jane Bloomingdale Republican Yea
61 Timi Brown-powers Democrat Yea
62 Jerome Amos Democrat Absent
63 Michael Bergan Republican Yea
64 Jason Gearhart Republican Absent
65 Shannon Lundgren Republican Yea
66 Steven Bradley Republican Yea
67 Craig Johnson Republican Yea
68 Chad Ingels Republican Yea
69 Tom Determann Republican Yea
70 Norlin Mommsen Republican Yea
71 Lindsay James Democrat Absent
72 Jennifer Smith Republican Yea
73 Elizabeth Wilson Democrat Yea
74 Eric Gjerde Democrat Absent
75 Bob Kressig Democrat Yea
76 Derek Wulf Republican Yea
77 Jeff Cooling Democrat Yea
78 Angel Ramirez Democrat Yea
79 Tracy Ehlert Democrat Yea
80 Aime Wichtendahl Democrat Yea
81 Daniel Gosa Democrat Yea
82 Bobby Kaufmann Republican Yea
83 Cindy Golding Republican Yea
84 Thomas Gerhold Republican Yea
85 Amy Nielsen Democrat Yea
86 Dave Jacoby Democrat Yea
87 Jeff Shipley Republican Absent
88 Helena Hayes Republican Yea
89 Elinor Levin Democrat Yea
90 Adam Zabner Democrat Yea
91 Judd Lawler Republican Yea
92 Heather Hora Republican Yea
93 Gary Mohr Republican Yea
94 Mike Vondran Republican Yea
95 Taylor Collins Republican Yea
96 Mark Cisneros Republican Yea
97 Ken Croken Democrat Yea
98 Monica Kurth Democrat Yea
99 Matthew Rinker Republican Yea
100 Blaine Watkins Republican Yea
Client Declaration Last updated
Anheuser Busch For Apr 16, 2026
Cargill For Apr 15, 2026
Corteva Agriscience For Apr 16, 2026
Iowa Association of Business and Industry (ABI) For Apr 15, 2026
Iowa Business Council For Apr 17, 2026
Iowa Taxpayers Association For Apr 15, 2026
Principal Financial Group For Apr 22, 2026
Bayer U.S. LLC Undecided Apr 17, 2026
Cedar Rapids Metro Economic Alliance Undecided Apr 16, 2026
Helena Agri-Enterprises, LLC Undecided Apr 17, 2026
Iowa Society of Certified Public Accountants Undecided Apr 17, 2026
Smithfield Foods, Inc. Undecided Apr 17, 2026
No hearings or meetings scheduled for this bill.