by CBI Lobbyist
Overview / Major Events
House and Senate leaders late this week reached tentative agreement on a deal that would resolve disagreements over federal tax coupling and supplemental state aid for K-12 schools. These two issues have been sticking points between the House and Senate and the tentative deal could speed the way toward an early- to mid-April adjournment date.
However, as legislators were reminded last summer, any deal between the House and Senate also needs the blessing of the Governor. It is not clear at this point whether or not the Governor is satisfied with agreement. Regardless, the House and Senate are moving rapidly to get the elements of the agreement to Governor Branstad’s desk ASAP.
What’s in the Deal?
What’s the Status and Timeline?
Both House and Senate Ways and Means Committees met this morning and quickly approved the tax portions of this agreement (SSB 3171 and HSB 642) on nearly unanimous votes. Expect one or both chambers to take full floor action on these bills by Tuesday, with completion in both chambers likely by the end of next week.
The education spending portion of the agreements are still being finalized and will need to be considered by the Appropriations Committees in both chambers before moving to floor debate. However, given the speed with which legislative leaders are attempting to move, it will be surprising if they leave town next week without completing the legislative work on both pieces.
Iowa Utilities Board Unanimously Approves Dakota Access Pipeline
Today the Iowa Utilities Board approved, on a 3-0 vote, the Iowa portion of the Dakota Access Pipeline (full disclosure, Dakota Access Pipeline is a client of LS2group). This four-state $4 billion pipeline project will pump crude oil from the Bakken area of North Dakota to a terminal in Illinois (that then feeds to refineries in the southern United States). Iowa was the last of the four states involved to approve the project.
Efforts on Behalf of Community Bankers of Iowa: