Iowa Data Center Business Property Exemption
Description: Exemption for certain property other than land and buildings that is purchased by a data center business. This includes computers and equipment that are necessary for the maintenance and operation of a data center business.
Eligibility: The data center business must meet the requirements contained in Iowa Code section 423.3 subsection 95.
Filing Requirements: The owner must file an application with the assessor by February 1 of the first year the exemption is claimed.
Category: State Incentives
The Economic Development Set Aside (EDSA) program provides financial assistance to businesses and industries requiring assistance to create or retain job opportunities in Iowa. EDSA develops viable communities that provide economic opportunities for people, especially those with low- and moderate incomes.
Priority is given to...
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The High Quality Jobs (HQJ) program provides qualifying businesses assistance to off-set some of the costs incurred to locate, expand or modernize an Iowa facility. This flexible program includes loans, forgivable loans, tax credits, exemptions and/or refunds. The Iowa Economic Development Authority (IEDA) offers this...
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Description: Computers and industrial machinery and equipment acquired after 12/31/93 are exempt from tax.
Eligibility: Special valuation applies to all computers but only to machinery and equipment classified as industrial real estate.
Form: No form is needed.
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Description: Value-added exemption to encourage industrial and commercial development. Subject to approval by city councils and county boards of supervisors.
Eligibility: Partial exemption for five years. The percent varies each year. Cattle facilities must be owner-operated.
Filing Requirements: Application must be filed with assessor by February...
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Description: Value added exemption to encourage local business development. Subject to approval by city council or county board of supervisors.
Eligibility: Available to community development organizations, not-for-profit cooperative associations and for-profit entities. Terminates when building is leased or sold.
Filing Requirements: Application must be filed with...
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Exemption for certain property that is purchased by a Web search portal business. This includes cooling systems, cooling towers, and other temperature control infrastructure; all power infrastructure for transformation, distribution or management of electricity used for the maintenance and operation of the Web search portal,...
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Overview
This one-time, corporate income tax credit is available to participants in the New Jobs Training (260E) Program. Iowa offers this credit as an incentive for businesses that provide additional training to employees and expand their workforce.
Maximum tax credit in 2020...
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Iowa offers the first in the nation Renewable Chemicals Production Tax Credit. The program incentivizes the production of 30 high-value chemicals derived from biomass feedstocks. According to the U.S. Department of Agriculture, the credit represents the “strongest” incentive package for the bio-based chemical industry...
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Iowa sets itself apart as being one of the few states to offer a refundable research activities credit. Iowa companies earn refundable tax credits for research and development investments that may be paid directly in cash to the company once its tax liabilities have been...
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The Targeted Jobs Withholding Tax Credit is a pilot program that allows diversion of withholding funds paid by an employer to be matched by a designated pilot city to create economic incentives directed toward the growth and expansion of targeted businesses locally. Match is required...
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