HSB 130: Creating the quantum technology tax credit available against the individual and corporate income taxes, and including applicability provisions

What it does

This bill creates the quantum technology tax credit (credit) available against the individual and corporate income taxes for eligible projects. _____ investments approved by the Iowa economic development authority (authority). An applicant for the credit may include a group of entities for profit or for nonprofit, or both, including a consortium that are jointly making qualifying investments in an eligible project to create a shared quantum facility. The bill defines “shared quantum facility” to mean a primary location in this state where a qualified applicant performs activities and provides economic benefit related to supporting quantum business and a quantum ecosystem.

House subcommittee · named February 5, 2025

• Rep. Ray Sorensen (R) · ray.sorensen@legis.iowa.gov
• Rep. Aime Wichtendahl (D) · aime.wichtendahl@legis.iowa.gov
• Rep. Devon Wood (R) · devon.wood@legis.iowa.gov

Lobbying · 0 for, 1 against

Against: Iowa Chapter of Sierra Club

In plain words

1. February 5, 2025Filed in the House and sent to the Economic Growth and Technology committee
2. February 5, 2025House subcommittee named: Sorensen, Wichtendahl and Wood
3. February 12, 2025Subcommittee recommended passing it