Iowa 2023-2024 Regular Session

Iowa House Bill HSB687

Introduced
2/8/24  
Introduced
2/8/24  

Caption

A bill for an act authorizing the Iowa sheep and wool promotion board to issue orders for the suspension and recommencement of the assessment imposed on wool, and including effective date provisions.(See HF 2513.)

Impact

The bill intends to provide a mechanism for the Iowa Sheep and Wool Promotion Board to respond to changing market values effectively. If enacted, the board would be able to suspend the current wool assessment of two cents per pound when market conditions warrant, thereby alleviating financial pressure on producers during market downturns. Conversely, if the market stabilizes or improves, the board can also quickly reinstate the assessment, ensuring that necessary funds for program promotion and education are available when conditions permit.

Summary

House Study Bill 687 authorizes the Iowa Sheep and Wool Promotion Board to suspend and recommence the assessment imposed on wool if the market value of wool sold by producers falls below the established assessment rate. The assessment serves as a self-imposed tax, typically collected by first purchasers of wool, aimed at promoting the marketing of sheep and wool and related educational programs. This bill amends existing regulations by allowing the board greater flexibility in managing the assessment based on market conditions.

Contention

Though the intentions behind HSB687 are to support local wool producers, there may be concerns regarding the oversight and criteria for suspending the assessment. Stakeholders might question how the board determines the average market value and the conditions under which suspensions are lifted. Maintaining checks and balances in these processes is crucial for ensuring that the board acts in the best interest of producers without overstepping its authority. Additionally, implications for funding educational and promotional activities may arise if assessments are excessively suspended during prolonged periods of market decline.

Companion Bills

IA HF2513

Replaced by A bill for an act authorizing the Iowa sheep and wool promotion board to issue orders for the suspension and recommencement of the assessment imposed on wool, and including effective date provisions.(Formerly HSB 687.)

Previously Filed As

IA HF2513

A bill for an act authorizing the Iowa sheep and wool promotion board to issue orders for the suspension and recommencement of the assessment imposed on wool, and including effective date provisions.(Formerly HSB 687.)

IA HSB132

A bill for an act relating to the powers and duties of the Iowa sheep and wool promotion board, by changing its name to the Iowa sheep promotion board, eliminating the assessment on wool, changing the assessment rate on sheep, and providing for the collection and expenditure of moneys imposed by the assessment.(See HF 800.)

IA HF800

A bill for an act relating to the powers and duties of the Iowa sheep and wool promotion board, by changing its name to the Iowa sheep promotion board, eliminating the assessment on wool, changing the assessment rate on sheep, and providing for the collection and expenditure of moneys imposed by the assessment.(Formerly HSB 132.)

IA SSB1133

A bill for an act relating to the powers and duties of the Iowa sheep and wool promotion board, by changing its name to the Iowa sheep promotion board, eliminating the assessment on wool, changing the assessment rate on sheep, and providing for the collection and expenditure of moneys imposed by the assessment.

IA HF2355

A bill for an act allowing a corn producer to choose not to participate in the promotional order otherwise requiring the first purchaser to deduct a state assessment imposed on the per bushel sales price that is forwarded to the Iowa corn promotion board, and making penalties applicable.

IA HF2510

A bill for an act relating to agriculture, by providing for the administration of programs and regulations, making appropriations, and including effective date provisions.(Formerly HSB 560; See HF 2641.)

IA HF2641

A bill for an act relating to agriculture, by providing for the administration of programs and regulations, making appropriations, providing penalties, and including effective date provisions. (Formerly HF 2510, HSB 560.) Effective date: Enactment, 05/17/2024, 07/01/2024, 12/31/2024.

IA HSB23

A bill for an act relating to the economic development authority, including certain tax credit programs, the Iowa wine, beer, and spirits promotion board, and the beer and liquor control fund, and including applicability provisions.(See HF 641, HF 679.)

IA HF999

A bill for an act providing for the marketing of grain by licensed warehouse operators and grain dealers, including by providing for indemnity fees and the indemnification of grain depositors and sellers for losses following the cessation of a license or bankruptcy, and including effective date provisions.(Formerly HF 508, HSB 131.)

IA HF641

A bill for an act relating to the economic development authority, including certain tax credit programs, the Iowa wine, beer, and spirits promotion board, and the beer and liquor control fund, and including applicability provisions.(Formerly HSB 23; See HF 679.)

Similar Bills

No similar bills found.