New Jobs Tax Credit (Iowa)
Last modified on February 12, 2015.
|Applies to States or Provinces||Iowa|
|Name||New Jobs Tax Credit (Iowa)|
|Policy Category||Financial Incentive|
|Policy Type||Corporate Tax Incentive, Training/Technical Assistance|
|Affected Technologies||Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Wind energy|
|Implementing Sector|| State/Province
|Program Administrator||Iowa Economic Development Authority|
|Primary Website|| http://www.iowaeconomicdevelopment.com/Finance/NewJobs
|Last Review|| 2014-09-15
The Iowa New Jobs Tax Credit is an Iowa corporate income tax credit and is available to a company that has entered into a New Jobs Training Agreement (260E) and expands their Iowa employment base by ten percent or more.
The amount of this one-time tax credit will depend upon the wages a company pays and the year in which the tax credit is first claimed. The maximum tax credit in 2013 will be $1,560 per new employee. Unused tax credits may be carried forward up to ten years. The tax credit may be claimed on Form IA 133 found on the Iowa Department of Revenue Website.
|Department||Iowa Economic Development Authority|
|Address||200 East Grand Avenue|
|Place||Des Moines, Iowa|
Authorities (Please contact the if there are any file problems.)
|Authority 1:||New Jobs Tax Credit|
|Date Enacted|| 2007