H-8212

   Amend  the amendment, H-8205, to House File 2690, as follows:
   1.  Page 1, after line 3 by inserting: 
   <Section 1.  Section 422.20, subsection 3, paragraph a, Code 2026, is amended to read as follows:
   a.  Unless otherwise expressly permitted by section 8G.4, section 11.41, section 96.11, subsection 6, section 421.17, subsections 22, 23, and 26, section 421.17, subsection 27, paragraph “k”, section 421.17, subsection 31, section 252B.9, section 321.40, subsection 6, sections 321.120, 421.19, 421.28, 421.59, 421.65, 422.72, section 423.3, subsections 92, 93, and 95, section 423.4, subsections 7 and 8, section 452A.63, and 556.19, subsection 2, this section, or another provision of law, a tax return, return information, or investigative or audit information shall not be divulged to any person or entity, other than the taxpayer, the department, or internal revenue service for use in a matter unrelated to tax administration.
   Sec. ___.  Section 423.3, subsection 92, paragraph b, subparagraph (5), Code 2026, is amended to read as follows:
   (5)  (a)  The web search portal business shall register with the department as a web search portal. To maintain its registration, the web search portal business shall file an annual report with the department, by January 31, 2026, and by each January 31 thereafter. The annual report shall describe the aggregate sales price amount of backup power generation fuel and electricity purchased and the amount used in the previous calendar year for the purposes described in paragraph “a”, subparagraphs (2) and (3), and any other information the department requires.
   (b)  Beginning with an annual report due on or after January 31, 2027, the annual report shall also contain the aggregate sales price amount of exempt property purchased under paragraph “a”, subparagraph (1).
   (c)  (i)  For annual reports due on or after January 31, 2027, the department of revenue shall estimate the amount of tax saved under this subchapter by the business solely based upon the aggregate sales price amounts disclosed in the annual report.
   (ii)  The name of the web search portal business filing the annual report and the amount of estimated tax saved that is described in this subparagraph division shall be a public record on or after January 31, 2027.
   Sec. ___.  Section 423.3, subsection 93, paragraph b, subparagraph (5), Code 2026, is amended to read as follows:
   (5)  (a)  The web search portal business shall register with the department as a web search portal business. To maintain its registration, the web search portal business shall file an annual report with the department, by January 31, 2026, and by each January 31 thereafter. The annual report shall describe the aggregate sales price amount of backup power generation fuel and electricity purchased and the amount used in the previous calendar year for the purposes described in paragraph “a”, subparagraphs (2) and (3), and any other information the department requires.
   (b)  Beginning with an annual report due on or after January 31, 2027, the annual report shall contain the aggregate sales price amount of exempt property purchased under paragraph “a”, subparagraph (1).
   (c)  (i)  For annual reports due on or after January 31, 2027, the department of revenue shall estimate the amount of tax saved under this subchapter by the business solely based upon the aggregate sales price amounts disclosed in the annual report.
   (ii)  The name of the web search portal business filing the annual report and the amount of estimated tax saved that is described in this subparagraph division shall be a public record on or after January 31, 2027.>
   2.  Page 1, line 6, after <(5)> by inserting <(a)>
   3.  Page 1, lines 9 and 10, by striking <, by January 31, 2026, and by each January March 31 thereafter each year> and inserting <, by January 31, 2026, and by each January 31 thereafter>
   4.  Page 1, line 11, after <describe the> by inserting <aggregate sale price amount of>
   5.  Page 1, after line 16 by inserting: 
   <(b)  Beginning with an annual report due on or after January 31, 2027, the annual report shall also contain the aggregate sales price amount of exempt property purchased under paragraph “a”, subparagraph (1).
   (c)  (i)  For annual reports due on or after January 31, 2027, the department of revenue shall estimate the amount of tax saved under this subchapter by the business solely based upon the aggregate sales price amounts disclosed in the annual report.
   (ii)  The name of the data center business filing the annual report and the amount of estimated tax saved that is described in this subparagraph division shall be a public record on or after January 31, 2027.>
   6.  Page 1, after line 24 by inserting: 
   <Sec. ___.  Section 423.4, subsection 7, Code 2026, is amended by adding the following new paragraph:
   NEW PARAGRAPH.  0g.  The name of the owner of a data center business and the annual amount of sales and use tax refunds that are provided to the data center business under this subsection shall be considered a public record on or after January 1, 2027.
   Sec. ___.  Section 423.4, subsection 8, Code 2026, is amended by adding the following new paragraph:
   NEW PARAGRAPH.  0h.  The name of the owner of a data center business and the annual amount of sales and use tax refunds that are provided to the data center business under this subsection shall be considered a public record on or after January 1, 2027.
   Sec. ___.  2025 Iowa Acts, chapter 155, section 4, is amended to read as follows:
   SEC. 4.  FINANCIAL ASSISTANCE REPORTING —— ECONOMIC DEVELOPMENT AUTHORITY.
   1.  The economic development authority shall submit an annual report to the general assembly no later than November 1, 2025, that details the amount of every direct loan, forgivable loan, tax credit, tax exemption, tax refund, grant, or any other financial assistance awarded to a person during the prior fiscal year by the authority under an economic development program administered by the authority. The report shall identify the county where the project associated with each such award is located.
   2.  Notwithstanding any other Code provision to the contrary, the tax incentives described in subsection 1 that are provided to a web search portal business or a data center business shall be posted and maintained on the economic development authority’s internet site in a searchable database for public viewing within thirty days of the effective date of this subsection of this section of this Act. The searchable database shall include the name of the web search portal business or data center business and the aggregate amount of tax incentives received by such a business disclosed in the report. For purposes of this subsection, “web search portal business” means the same as defined in section 423.3, subsection 92 or 93, and “data center business” means the same as defined in section 423.3, subsection 95.
   Sec. ___.  EFFECTIVE DATE.  The following, being deemed of immediate importance, takes effect upon enactment:
   The section of this Act amending 2025 Iowa Acts, chapter 155, section 4.>
   7.  Page 1, by striking lines 26 and 27 and inserting <<An Act relating to web search portal businesses and data center businesses, including the disclosure of tax incentives provided to web search portal businesses and data center businesses and annual reporting requirements for data center businesses, and including effective date provisions.>>

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ZABNER of Johnson