---
type: "Bill"
title: "A bill for an act providing for the establishment of first-time homebuyer savings accounts in Iowa, including related individual income tax exemptions, and including applicability provisions. (Formerly SSB 1056 and SF 425.) Effective 7-1-17."
description: "A bill for an act providing for the establishment of first-time homebuyer savings accounts in Iowa, including related individual income tax exemptions, and including applicability provisions. (Formerly SSB 1056 and SF 425.) Effective 7-1-17."
jurisdiction: "us/states/ia"
legislature: "Iowa General Assembly"
session: "2017-2018"
identifier: "SF 505"
citation: "Iowa SF 505 (2017-2018)"
classification: ["bill"]
subjects: ["housing", "income taxes", "residential property", "tax exemptions", "taxation"]
status: "enacted"
primary_sponsors: []
version_count: 2
action_count: 14
vote_count: 2
first_action: "2017-04-10"
last_action: "2017-05-09"
source: "openstates"
source_identifier: "ocd-bill/e95baa3b-da6c-4d1e-b8d5-ea9af20befbe"
source_url: "https://www.legis.iowa.gov/legislation/billTracking/billHistory?billName=SF 505&ga=87"
source_hash: "009daa31b51b28f46125474bde09b7804a581d7c6395b2ca52a770a2798d1431"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-ia"]
---

# Iowa SF 505 (2017-2018) — A bill for an act providing for the establishment of first-time homebuyer savings accounts in Iowa, including related individual income tax exemptions, and including applicability provisions. (Formerly SSB 1056 and SF 425.) Effective 7-1-17.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Introduced** (filed) — [source](https://www.legis.iowa.gov/docs/publications/LGI/87/attachments/SF505.html)
2. **Enrolled** (enrolled) — [source](https://www.legis.iowa.gov/docs/publications/LGE/87/attachments/SF505.html)

## Votes

- Shall the bill pass? — **49–1** (pass) · upper
- Shall the bill pass? — **87–11** (pass) · lower

## Timeline

The legislative action history — every referral, reading, and vote.

- **2017-04-10** Introduced, placed on Ways and Means calendar. `introduction`
- **2017-04-10** Committee report, approving bill.
- **2017-04-11** Fiscal note.
- **2017-04-17** Passed Senate, ayes 49, nays 1. `passage`
- **2017-04-17** Immediate message.
- **2017-04-17** Message from Senate.
- **2017-04-17** Read first time, passed on file. `reading-1`
- **2017-04-18** Substituted for HF 622.
- **2017-04-18** Passed House, ayes 87, nays 11. `passage`
- **2017-04-18** Immediate message.
- **2017-04-19** Message from House.
- **2017-04-25** Reported correctly enrolled, signed by President and Speaker.
- **2017-04-25** Sent to Governor. `executive-receipt`
- **2017-05-09** Signed by Governor. `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/e95baa3b-da6c-4d1e-b8d5-ea9af20befbe`. Confidence: reported (aggregated from official Iowa legislature records).