Senate Study Bill 3032 - IntroducedA Bill ForAn Act 1related to matters under the purview of the economic
2development authority including the high quality jobs
3program, the Iowa energy center, and the workforce housing
4tax incentive program.
5BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
1   Section 1.  Section 15.108, subsection 9, paragraph g, Code
22022, is amended to read as follows:
   3g.  Administer the Iowa energy center established in section
415.120. This paragraph “g” is repealed July 1, 2022 2027.
5   Sec. 2.  Section 15.120, subsection 1, Code 2022, is amended
6by adding the following new paragraph:
7   NEW PARAGRAPH.  h.  To support research and development of
8strategies for carbon management.
9   Sec. 3.  Section 15.120, subsection 5, Code 2022, is amended
10to read as follows:
   115.  This section is repealed July 1, 2022 2027.
12   Sec. 4.  Section 15.335C, subsection 2, Code 2022, is amended
13to read as follows:
   142.  For purposes of this section, “economically distressed
15area”
means a county that ranks among the bottom thirty-three of
16all Iowa counties, as measured by one
 meets at least three of
17the following criteria:
   18a.  Average The county ranks among the thirty-three Iowa
19counties with the highest average
monthly unemployment level
20
 rates for the most recent twelve-month period based on the
21applicable local area unemployment statistics produced by the
22United States department of labor, bureau of labor statistics
.
   23b.  Average The county ranks among the thirty-three Iowa
24counties with the highest average
annualized unemployment
25level rates for the most recent five-year period based on the
26applicable local area unemployment statistics produced by the
27United States department of labor, bureau of labor statistics
.
   28c.  The county ranks among the thirty-three Iowa counties
29with the lowest annual average weekly wages based on the most
30recent quarterly census of employment and wages published
31by the United States department of labor, bureau of labor
32statistics.
   33d.  The county ranks among the thirty-three Iowa counties
34with the highest family poverty rates based on the most recent
35American community survey five-year estimate released by the
-1-1United States census bureau.
   2e.  The county ranks among the thirty-three Iowa counties
3with the highest percentage population loss. Percentage
4population loss shall be calculated by comparing the most
5recent population estimate produced by the United States
6census bureau to the most recent decennial census released
7by the United States census bureau, except for a calendar
8year in which the decennial census data is released, then the
9percentage population loss shall be calculated by comparing the
10population in the decennial census released that calendar year
11to the population in decennial census released ten years prior.
   12f.  The county ranks among the thirty-three Iowa counties
13with the highest percentage of persons sixty-five years of age
14or older based on the most recent American community survey
15released by the United States census bureau.
16   Sec. 5.  Section 15.335C, Code 2022, is amended by adding the
17following new subsection:
18   NEW SUBSECTION.  3.  The authority may designate a county
19that does not meet at least three of the criteria in subsection
202 as an economically distressed area under this section if
21a business located in the county experiences a layoff or a
22closure that has a significant impact on a community within the
23county. The authority shall adopt rules to establish a process
24for designating a county an economically distressed area under
25this subsection.
26   Sec. 6.  Section 15.354, subsection 3, paragraph c,
27subparagraph (2), Code 2022, is amended to read as follows:
   28(2)  The authority may for good cause within the discretion
29of the authority extend a housing project’s completion
30deadline once by up to twelve months upon application by
31the housing business, which application shall be made prior
32to the expiration of the three-year completion deadline in
33subparagraph (1) in the manner and form prescribed by the
34authority
The authority may approve a second extension of
35up to twelve months if prior to the expiration of the first
-2-1twelve-month extension the housing business applies and
2substantiates to the satisfaction of the authority that the
3second extension is warranted due to extenuating circumstances
4outside the control of the housing business. An application
5by a housing business shall be made in the manner and form
6prescribed by the authority by rule.

7EXPLANATION
8The inclusion of this explanation does not constitute agreement with
9the explanation’s substance by the members of the general assembly.
   10This bill relates to matters under the purview of the
11economic development authority (authority) including the high
12quality jobs program, the Iowa energy center, and the workforce
13housing tax incentive program.
   14Under current law, Code section 15.120, which establishes
15the Iowa energy center, is repealed on July 1, 2022. The bill
16extends the date to 2027. The bill requires the Iowa energy
17center to support research and development of strategies for
18carbon management.
   19Under current law, for purposes of the high quality jobs
20program, a county is qualified as an economically distressed
21area if the county ranks among the bottom 33 of all Iowa
22counties, as measured by either the monthly unemployment level
23for the most recent 12-month period, or the average annualized
24unemployment level for the most recent five-year period. Under
25the bill, a county qualifies as an economically distressed
26area if it meets at least three of the criteria detailed in
27the bill. The authority may designate a county that does
28not meet at least three of the criteria as an economically
29distressed area if a business located in the county experiences
30a layoff or a closure that has a significant impact on a
31community within the county. The authority shall adopt rules
32to establish a process for designating a county an economically
33distressed area under those circumstances.
   34Under current law, the authority may extend a housing
35project’s completion deadline under the workforce housing tax
-3-1incentives program up to 12 months upon application by the
2housing business, which must be made prior to the expiration of
3the project’s three-year completion deadline. Under the bill,
4the authority may approve a second extension of up to 12 months
5if prior to the expiration of the first 12-month extension the
6housing business makes application and substantiates to the
7satisfaction of the authority that the extension is warranted
8due to extenuating circumstances outside the control of the
9housing business.
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