WEEK 5: 2020 LEGISLATIVE SESSION
State
We are quickly approaching week 6, the first funnel of the legislative session. It was recently decided that the Iowa Supreme Court will be hearing the appeal for the recent grain lien court case; that gives some key legislators serious pause in taking up the issue this year and we aren't optimistic our language will be viable beyond next week.
GRAIN LIEN LEGISLATION
  • HSB500, Grain Lien: UNCHANGED
  • Subcommittee: Representatives Ross Paustian, Rick Olson and Louie Zumbach- meeting on hold
  • House leadership has asked that create a compromise before moving ahead with subcommittee meetings

  • HF2047, Grain Lien + Storage Time Limit + Central Filing: UNCHANGED
  • Subcommittee: None set
  • Sets an end date on storage charges of March 1st (the year after the commodity is delivered):
  • After March 1, would revert to current law
  • Also pushes implementation of central filing for agriculture including, crops (grown in a field, on trees, vines or bushes), aquatic goods, livestock, supplies used or produced in a farming operation, and unmanufactured products of crops/livestock
  • Neighboring states with central filing have 2+ party checks for 60-75% of producers (data from NE & SD), versus 1.5-5% of Iowa's producers
GRAIN INDEMNITY
  • HF2198/SSB3151, Grain Indemnity Fund Expansion: NEW
  • Amendment provided in subcommittee that would only cover Deferred Payment contracts, not all credit-sale contracts, a second amendment is anticipated that would provide for a study before creating an expansion of the program

FUTURE OF IOWA
  • SSB3077/HSB607, Future Ready Iowa: UNCHANGED
  • Expands Apprenticeship Opportunities Program
  • Encourages businesses to invest in child care infrastructure and matching grants
  • Creates a pilot program to assist older students in earning a high school diploma while developing technical skills
  • Requires K-12 computer science and allows online learning
  • Expands Last-Dollar Scholarship eligibility

  • SSB3116/HSB657, Invest in Iowa Act: UNCHANGED
  • Increases sales tax one cent
  • 3/8 cent to Natural Resources and Outdoor Recreation Trust fund
  • Reduces individual income taxes: 2021 top rate is 7.48%, in 2023 (if revenue targets are met) that rate moves to 5.5%
  • State general fund covers more mental health to reduce property taxes for individuals and businesses
  • Expands applicability for the child care tax credit

Find your state legislators HERE .
Federal
1) Section 199A(g): New Treasury Regulation
  • NCFC Summary of the cooperative impact HERE

Please reach out to Senators Grassley and Ernst if this impacts your farmer-members and cooperative.
Sen. Chuck Grassley: 202-224-4120

Sen. Joni Ernst: 202-224-3254
DC Office #s

Rep. Abby Finkenauer: 202-225-2911
Rep. Dave Loebsack: 202-225-6576
Rep. Cindy Ax ne: 202-225-5476
Rep. Steve King: 202-225-4426
STAY CONNECTED WITH IIC
Katie P. Hall
Director of Government Affairs
khall@iowainstitute.coop
C: 712-269-9838