Iowa announces new incentive updates
Transferable Iowa income tax credit based on 25% of qualified in-state expenditures to go to "Producer". Transferable Iowa income tax credit based on 25% of qualified in-state expenditures to go to "Investor".
100% income exclusion to Iowa-based companies or Iowa resident individuals for monies earned from certified projects. There will be a minimum in-state spend of $100,000 based exclusively on Iowa-based companies or Iowa resident individuals. Details of the program are to be determined but there will be an application / certification process followed by a claims submission process. These details will be based on existing industry examples.
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