New incentive for Iowa
25% of in-state qualified spend in Iowa now goes to the production company. A further 25% of in-state spend can go to the investment company. As these two companies can be under the same ownership, it adds up to a possible 50% transferable tax credit for qualified in-state spend.
Out-of-state crew only qualifies if it is provided by an Iowa production service company. Out-of-state cast do not qualify.
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