Tax Increment Financing (Iowa)

From Open Energy Information


Last modified on February 12, 2015.

EZFeed Policy

Place Iowa


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
Active Policy Yes
Implementing Sector State/Province














Program Administrator Iowa Economic Development Authority
Primary Website http://www.iowaeconomicdevelopment.com/CommunityDevelopment/TIF


Last Review 2014-09-15



Summary

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.


Policy Contact

Contact Name Debi Durham
Department Iowa Economic Development Authority
Division Director's Office
Address 200 East Grand Avenue
Place Des Moines, Iowa
Zip/Postal Code 50309
Phone 515-725-3022
Phone 2 515-725-3000
Fax 515-725-3010
Email director@iowa.gov
Website http://www.iowaeconomicdevelopment.com/CommunityDevelopment/TIF


Authorities (Please contact the if there are any file problems.)

Authority 1: Iowa Code 403.19


















References