Greetings from the State House,
The Iowa House members were busy with committee work on next year’s budget with some floor action. The Justice Systems budget makes certain that we are funding the police and corrections system. Several bills passed out of the House with strong support, including support for the renovation of the Herbert Hoover Presidential Library in West Branch, Iowa.
Iowa House Republicans have released their Justice Systems budget bill containing a substantial increase in funding for the Department of Corrections. The Iowa House's budget allocates more than $20 million new dollars to the Department of Corrections, covering nine prisons and nine community-based correctional facilities. This increase marks the biggest increase to the Department of Corrections' budget since Fiscal Year 2012 when the department received an additional $19.3 million.
Other highlights of the bill include $9.4 million in new money for the Department of Public Safety. In addition, the bill allocates $2.5 million to the Public Safety Equipment Fund to ensure the Department of Public Safety has the most up-to-date equipment and can stay on top of equipment maintenance. The Rebuild Iowa Infrastructure Fund also allocates $2.5 million to the Public Safety Equipment Fund, bringing the total to $5 million.
House File 588 passed the Iowa House this week with nearly unanimous support. The bill creates a Hoover Presidential Library Tax Credit. The 31st President of the United States was born in Iowa and his presidential library is located in West Branch. The library’s foundation is currently planning a $20.0 million renovation of the library, museum, and associated grounds.
The amount of the credit is 25 percent of a person’s donation to the Hoover presidential foundation for the Hoover presidential library and museum renovation project fund. Additionally, the credit is not refundable or transferable, but the excess may be carried forward five years or until depleted, whichever occurs first. The tax credit cannot be carried back to a tax year prior to the tax year in which the person claims the tax credit. The Hoover Presidential Library Tax Credit has a program cap of $5 million.
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