Iowa Web Search Portal Exemption
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, including but not limited to exterior dedicated business-owned substations; back-up power generation systems, battery systems, and related infrastructure; and racking systems, cabling, and trays, which are necessary for the maintenance and operation of the Web search portal.
Eligibility: The Web search portal business must meet the requirements contained in Iowa Code section 423.3, subsection 92, or subsection 93.
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
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