Tax Increment Financing (Iowa)
Last modified on February 12, 2015.
|Applies to States or Provinces||Iowa|
|Name||Tax Increment Financing (Iowa)|
|Policy Category||Financial Incentive|
|Policy Type||Industry Recruitment/Support, Property Tax Incentive|
|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|
|Program Administrator||Iowa Economic Development Authority|
Tax Increment Financing allows city councils or county boards of supervisors to use the property taxes resulting from the increase in taxable valuation caused by the construction of new industrial or commercial facilities to provide economic development incentives to a business or industry. Tax Increment Financing may be used to offset the cost of public improvements and utilities that will serve the new private development, to finance direct grants or loans to a company, or to provide the local match for federal or state economic development assistance programs.
|Contact Name||Debi Durham|
|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:||Iowa Code 403.19|