State budget
Tax credits
A tax credit lowers what a person or business owes in state taxes, so it costs the state money the way spending does. Some credits are awarded: a state agency picks who gets them, usually up to a yearly cap. Others are automatic: anyone who qualifies can claim them, with no cap. Where the money goes · Revenue estimates · Economic development awards
Tax credits claimed each year
Millions of dollars by fiscal year. Later years are the Department of Revenue’s forecast.3
| Year | Claimed | Awarded |
|---|---|---|
| FY13 | $264.2M | $276.0M |
| FY14 | $310.3M | $246.0M |
| FY15 | $288.3M | $210.5M |
| FY16 | $363.8M | $250.9M |
| FY17 | $377.3M | $217.8M |
| FY18 | $404.5M | $256.5M |
| FY19 | $373.1M | $204.7M |
| FY20 | $401.2M | $185.8M |
| FY21 | $331.9M | $225.4M |
| FY22 | $362.5M | $259.9M |
| FY23 | $351.0M | $230.6M |
| FY24 | $378.5M | $194.3M |
| FY25 | $405.8M | $185.1M |
| FY26 | $362.7M | $182.5M |
| FY27 (forecast) | $377.4M | $57.2M so far |
| FY28 (forecast) | $421.4M | – |
| FY29 (forecast) | $421.9M | – |
| FY30 (forecast) | $398.8M | – |
| FY31 (forecast) | $442.4M | – |
Show the numbers
| Year | Claimed | Awarded |
|---|---|---|
| FY13 | $264.2M | $276.0M |
| FY14 | $310.3M | $246.0M |
| FY15 | $288.3M | $210.5M |
| FY16 | $363.8M | $250.9M |
| FY17 | $377.3M | $217.8M |
| FY18 | $404.5M | $256.5M |
| FY19 | $373.1M | $204.7M |
| FY20 | $401.2M | $185.8M |
| FY21 | $331.9M | $225.4M |
| FY22 | $362.5M | $259.9M |
| FY23 | $351.0M | $230.6M |
| FY24 | $378.5M | $194.3M |
| FY25 | $405.8M | $185.1M |
| FY26 | $362.7M | $182.5M |
| FY27 (forecast) | $377.4M | $57.2M so far |
| FY28 (forecast) | $421.4M | – |
| FY29 (forecast) | $421.9M | – |
| FY30 (forecast) | $398.8M | – |
| FY31 (forecast) | $442.4M | – |
The biggest credits
Claimed in FY26, largest first.
Growing fastest
Claims in FY26 against FY21, for credits with at least $2 million claimed.
- E15 Plus Gasoline Promotion Tax Credit$3.3M → $27.4M+718%
- Child & Dependent Care Tax Credit$4.1M → $12.7M+210%
- Volunteer Firefighter and Emergency Medical Services Personnel and Reserve Peace Officer Tax Credit$1.3M → $3.3M+157%
- Tuition and Textbook Tax Credit$14.0M → $24.2M+72%
- E85 Gasoline Promotion Tax Credit$2.7M → $4.5M+64%
- Redevelopment Tax Credit$5.7M → $8.7M+53%
- Workforce Housing Tax Incentive Program$17.3M → $21.8M+26%
- Endow Iowa Tax Credit$4.2M → $5.0M+21%
Every program
Open a program for its yearly figures and the bills that changed it.4
Earned Income Tax Credit · Automatic · $72.9M claimed in FY26
This credit is available to individual taxpayers who qualify for the federal earned income tax credit. The credit is equal to 15 percent of the federal earned income tax credit for tax years 2014 and beyond.
| Year | Awarded | Claimed |
|---|---|---|
| FY26 | – | $72.9M |
| FY25 | – | $72.1M |
| FY24 | – | $65.0M |
| FY23 | – | $71.1M |
| FY22 | – | $74.6M |
| FY21 | – | $62.6M |
| FY20 | – | $68.6M |
| FY19 | – | $66.9M |
Iowa Code section 422.12B
- HF 2342 Providing for the future repeal of tax credits91th General Assembly · amends section 422.12B · In committee
- HF 625 Providing for the future repeal of tax credits91th General Assembly · amends section 422.12B · In committee
- HF 715 Relating to state and local finance and the administration of the tax and related laws by the depart…90th General Assembly · amends section 422.12B · Withdrawn
- SF 459 Increasing the earned income tax credit available against the Iowa individual income tax, and includ…90th General Assembly · amends section 422.12B · In committee
- SF 2104 Relating to the earned income tax credit available against the individual income tax and including r…89th General Assembly · amends section 422.12B · In committee
Research Activities Tax Credit · Automatic · $51.0M claimed in FY26
This credit is available to taxpayers who increase research activities in Iowa. The Iowa research tax credit relies on the federal definition of qualified research expenditures. Beginning with tax year 2017, businesses must meet the following requirements to be eligible for the credit: The business must claim and be allowed a Federal Research Credit for qualified research expenses under Internal Revenue Code section 41 for the same taxable year, and the business must be engaged in one of the fol Repealed January 1, 2026.
| Year | Awarded | Claimed |
|---|---|---|
| FY26 | – | $51.0M |
| FY25 | – | $72.6M |
| FY24 | – | $61.6M |
| FY23 | – | $66.7M |
| FY22 | – | $43.0M |
| FY21 | – | $48.9M |
| FY20 | – | $79.6M |
| FY19 | – | $74.8M |
Iowa Code section 15.335, section 422.10
- SF 2506 Relating to matters under the purview of the economic development authority, the utilities commissio…91th General Assembly · amends section 422.10 · Withdrawn
- HF 1054 Relating to matters under the purview of the Iowa economic development authority and the department …91th General Assembly · amends section 422.10 · Withdrawn
- HF 1052 Relating to state and local taxation and regulations by changing certain tax credits, cigarette and …91th General Assembly · amends section 422.10 · Withdrawn
- HF 625 Providing for the future repeal of tax credits91th General Assembly · amends section 422.10 · In committee
- HF 2660 Relating to eligibility for claiming the research activities tax credit available against the indivi…90th General Assembly · amends section 422.10 · In committee
- SF 2206 Relating to state and local revenue and finances by modifying sales and use taxes, individual and co…89th General Assembly · amends section 422.10 · Withdrawn
- and 7 more
Iowa Industrial New Jobs Training Program (260E) · Automatic · $37.5M claimed in FY26
This program, administered by Iowa’s Community Colleges, assists businesses that are creating new positions with new employee training. Participating companies divert withholding taxes that would be remitted to the Department of Revenue to a community college to pay for training for company employees.
| Year | Awarded | Claimed |
|---|---|---|
| FY27 | $0 so far | – |
| FY26 | $23.1M | $37.5M |
| FY25 | $29.5M | $41.5M |
| FY24 | $24.1M | $41.9M |
| FY23 | $39.5M | $36.1M |
| FY22 | $47.5M | $38.3M |
| FY21 | $60.5M | $40.7M |
| FY20 | $27.5M | $41.4M |
Iowa Code chapter 260E
- HF 2799 Relating to matters under the purview of the economic development authority, the utilities commissio…91th General Assembly · amends section 260E.3 · Signed by Governor
- HF 2342 Providing for the future repeal of tax credits91th General Assembly · amends section 260E.5 · In committee
- HF 625 Providing for the future repeal of tax credits91th General Assembly · amends section 260E.5 · In committee
- HF 849 Relating to Iowa’s urban renewal law by modifying the duration of ordinances providing for a divisio…89th General Assembly · amends section 260E.4 · In committee
- SF 149 Relating to state taxes by eliminating the individual income tax, increasing the sales and use tax r…89th General Assembly · amends section 260E.2 · In committee
- HF 36 Providing for the future repeal of certain tax credits89th General Assembly · amends section 260E.5 · In committee
- and 1 more
Historic Preservation Tax Credit · Awarded · $28.2M claimed in FY26
This tax credit, administered by IEDA and the Iowa Department of Cultural Affairs, provides a 25 percent tax credit for qualified expenditures made in the rehabilitation of eligible historic properties.
| Year | Awarded | Claimed |
|---|---|---|
| FY27 | $12.4M so far | – |
| FY26 | $26.0M | $28.2M |
| FY25 | $48.1M | $38.9M |
| FY24 | $48.4M | $50.7M |
| FY23 | $49.3M | $25.1M |
| FY22 | $49.1M | $35.5M |
| FY21 | $47.0M | $30.7M |
| FY20 | $45.0M | $55.7M |
Iowa Code chapter 404A
- HF 2342 Providing for the future repeal of tax credits91th General Assembly · adds section 404A.7 · In committee
- SF 642 Relating to matters under the purview of the economic development authority and the Iowa finance aut…91th General Assembly · amends section 404A.1 · Withdrawn
- HF 625 Providing for the future repeal of tax credits91th General Assembly · adds section 404A.7 · In committee
- HF 2319 Relating to the elimination of the legislative services agency, and including effective date provisi…89th General Assembly · amends section 404A.5 · In committee
- SF 149 Relating to state taxes by eliminating the individual income tax, increasing the sales and use tax r…89th General Assembly · amends section 404A.2 · In committee
- SF 2247 Relating to awarding historic preservation tax credits to rehabilitate vacant school buildings or ot…88th General Assembly · amends section 404A.1 · In committee
- and 1 more
E15 Plus Gasoline Promotion Tax Credit · Automatic · $27.4M claimed in FY26
This per gallon credit is available to retail dealers of gasoline who sell E15 or higher gasoline, but not classified as E85.
| Year | Awarded | Claimed |
|---|---|---|
| FY26 | – | $27.4M |
| FY25 | – | $17.4M |
| FY24 | – | $2.7M |
| FY23 | – | $5.6M |
| FY22 | – | $4.2M |
| FY21 | – | $3.3M |
| FY20 | – | $2.2M |
| FY19 | – | $1.5M |
Iowa Code section 422.11Y
- HF 2643 Relating to reporting total gasoline and diesel fuel gallonage sold and dispensed by retail dealers …91th General Assembly · amends section 422.11Y · Signed by Governor
- HF 1053 Relating to fuel taxation by extending tax credits for E-15 gasoline, and modifying the sales tax re…91th General Assembly · amends section 422.11Y · In committee
- HF 2128 Relating to renewable fuels, including ethanol blended gasoline and biodiesel blended fuel used to p…89th General Assembly · amends section 422.11Y · Signed by Governor
- HF 859 Relating to renewable fuel used to power motor vehicles, including by providing for standards and re…89th General Assembly · amends section 422.11Y · In committee
- SF 149 Relating to state taxes by eliminating the individual income tax, increasing the sales and use tax r…89th General Assembly · amends section 422.11Y · In committee
- HF 498 Relating to state taxes by eliminating the individual income tax, increasing the sales and use tax r…88th General Assembly · amends section 422.11Y · In committee
Tuition and Textbook Tax Credit · Automatic · $24.2M claimed in FY26
This credit is available to individual taxpayers who have one or more dependents attending grades K-12 in an Iowa school. The credit percentage is 25 percent of the first $2,000 paid for each dependent for tuition and textbooks.
| Year | Awarded | Claimed |
|---|---|---|
| FY26 | – | $24.2M |
| FY25 | – | $23.9M |
| FY24 | – | $25.1M |
| FY23 | – | $26.2M |
| FY22 | – | $23.3M |
| FY21 | – | $14.0M |
| FY20 | – | $14.9M |
| FY19 | – | $14.5M |
Iowa Code section 422.12
- HF 2778 Modifying the individual income tax credit for emergency medical services personnel to include volun…91th General Assembly · amends section 422.12 · Passed House
- SF 2372 Relating to statutory corrections that adjust language to reflect current practices, correct grammar…91th General Assembly · amends section 422.12 · Withdrawn
- SF 2231 Relating to education, including by modifying provisions related to the protected speech and express…91th General Assembly · amends section 422.12 · Signed by Governor
- HF 2342 Providing for the future repeal of tax credits91th General Assembly · amends section 422.12 · In committee
- HF 625 Providing for the future repeal of tax credits91th General Assembly · amends section 422.12 · In committee
- SF 453 Relating to school district and area education agency funding and education savings accounts, and in…91th General Assembly · amends section 422.12 · In committee
- and 18 more
Workforce Housing Tax Incentive Program · Awarded · $21.8M claimed in FY26
This tax credit program, administered by IEDA, is available to taxpayers who complete a qualifying housing project in Iowa.
| Year | Awarded | Claimed |
|---|---|---|
| FY27 | $35.0M so far | – |
| FY26 | $35.0M | $21.8M |
| FY25 | $35.0M | $18.2M |
| FY24 | $35.0M | $14.8M |
| FY23 | $35.0M | $7.4M |
| FY22 | $40.0M | $11.1M |
| FY21 | $25.0M | $17.3M |
| FY20 | $25.0M | $22.0M |
Iowa Code sections 15.351 to 15.356
- HF 2390 Relating to workforce housing project tax incentives issued by the economic development authority, a…91th General Assembly · amends section 15.354 · In committee
- HF 1054 Relating to matters under the purview of the Iowa economic development authority and the department …91th General Assembly · amends section 15.354 · Withdrawn
- SF 575 Relating to the economic development authority, including renewable chemical production, workforce h…90th General Assembly · amends section 15.353 · Signed by Governor
- HF 506 Relating to the workforce housing tax incentives program90th General Assembly · amends section 15.353 · In committee
- HF 2583 Relating to sales, use, franchise, and motor vehicle fuel taxes administered by the department of re…89th General Assembly · amends section 15.355 · Withdrawn
- HF 2519 Related to matters under the purview of the economic development authority including the high qualit…89th General Assembly · amends section 15.352 · Withdrawn
- and 8 more
Biodiesel Blended Fuel Tax Credit · Automatic · $20.6M claimed in FY26
This per gallon credit is available to retail dealers who sell biodiesel blended fuel.
| Year | Awarded | Claimed |
|---|---|---|
| FY26 | – | $20.6M |
| FY25 | – | $26.9M |
| FY24 | – | $14.1M |
| FY23 | – | $24.0M |
| FY22 | – | $23.3M |
| FY21 | – | $21.7M |
| FY20 | – | $18.2M |
| FY19 | – | $17.2M |
Iowa Code section 422.11P
- HF 2785 Extending the biodiesel blended fuel tax credit91th General Assembly · amends section 422.11P · Passed House
- HF 2643 Relating to reporting total gasoline and diesel fuel gallonage sold and dispensed by retail dealers …91th General Assembly · amends section 422.11P · Signed by Governor
- HF 2128 Relating to renewable fuels, including ethanol blended gasoline and biodiesel blended fuel used to p…89th General Assembly · amends section 422.11P · Signed by Governor
- HF 859 Relating to renewable fuel used to power motor vehicles, including by providing for standards and re…89th General Assembly · amends section 422.11P · In committee
- SF 149 Relating to state taxes by eliminating the individual income tax, increasing the sales and use tax r…89th General Assembly · amends section 422.11P · In committee
- HF 498 Relating to state taxes by eliminating the individual income tax, increasing the sales and use tax r…88th General Assembly · amends section 422.11P · In committee
High Quality Jobs Program · Awarded · $20.0M claimed in FY26
This program, administered by IEDA, provides tax benefits to eligible companies that create high-paying jobs and make capital investments. The program was created in 2005 and replaced the New Jobs and Income Program (NJIP) and the New Capital Investment Program (NCIP) beginning in FY 2006. Repealed December 31, 2025.
| Year | Awarded | Claimed |
|---|---|---|
| FY26 | $12.3M | $20.0M |
| FY25 | $25.2M | $19.6M |
| FY24 | $26.2M | $34.3M |
| FY23 | $34.7M | $15.2M |
| FY22 | $61.4M | $22.8M |
| FY21 | $32.6M | $26.2M |
| FY20 | $24.0M | $28.8M |
| FY19 | $43.0M | $36.0M |
Iowa Code sections 15.326 to 15.336
- HF 2583 Relating to sales, use, franchise, and motor vehicle fuel taxes administered by the department of re…89th General Assembly · amends section 15.331A · Withdrawn
- HF 2519 Related to matters under the purview of the economic development authority including the high qualit…89th General Assembly · amends section 15.335C · Withdrawn
- HF 2492 Relating to statutory corrections which may adjust language to reflect current practices, insert ear…89th General Assembly · amends section 15.331C · Withdrawn
- SF 2055 Permitting businesses’ new on-site daycare facilities or businesses’ expansion of existing on-site d…89th General Assembly · adds section 15.329A · In committee
- SF 619 Relating to state and local revenue and finance by modifying future tax contingencies, the state inh…89th General Assembly · amends section 15.327 · Signed by Governor
- HF 739 Relating to statutory corrections which may adjust language to reflect current practices, insert ear…89th General Assembly · amends section 15.335 · Signed by Governor
- and 11 more
Child & Dependent Care Tax Credit · Automatic · $12.7M claimed in FY26
This credit is available to individual taxpayers who have eligible child and dependent care expenses.
| Year | Awarded | Claimed |
|---|---|---|
| FY26 | – | $12.7M |
| FY25 | – | $10.8M |
| FY24 | – | $10.8M |
| FY23 | – | $9.5M |
| FY22 | – | $25.7M |
| FY21 | – | $4.1M |
| FY20 | – | $5.5M |
| FY19 | – | $5.5M |
Iowa Code section 422.12C
- SF 2231 Relating to education, including by modifying provisions related to the protected speech and express…91th General Assembly · amends section 422.12C · Signed by Governor
- HF 2342 Providing for the future repeal of tax credits91th General Assembly · amends section 422.12C · In committee
- HF 1020 Modifying the child and dependent care credit available against the individual income tax, and inclu…91th General Assembly · amends section 422.12C · Passed House
- HF 661 Relating to child care, including the child and dependent care tax credit, a child care workforce ma…91th General Assembly · amends section 422.12C · In committee
- HF 625 Providing for the future repeal of tax credits91th General Assembly · amends section 422.12C · In committee
- HF 715 Relating to state and local finance and the administration of the tax and related laws by the depart…90th General Assembly · amends section 422.12C · Withdrawn
- and 12 more
School Tuition Organization Tax Credit · Awarded · $9.0M claimed in FY26
This credit, administered by IDR, is for 75 percent of the amount of a voluntary cash contribution made by a taxpayer to a school tuition organization.
| Year | Awarded | Claimed |
|---|---|---|
| FY27 | $930K so far | – |
| FY26 | $12.8M | $9.0M |
| FY25 | $10.5M | $11.8M |
| FY24 | $12.1M | $14.8M |
| FY23 | $17.9M | $13.8M |
| FY22 | $15.0M | $13.3M |
| FY21 | $12.6M | $11.9M |
| FY20 | $11.3M | $9.9M |
Iowa Code section 422.11S
- HF 2342 Providing for the future repeal of tax credits91th General Assembly · amends section 422.11S · In committee
- HF 2152 Repealing the school tuition organization tax credit available against the individual and corporate …91th General Assembly · amends section 422.11S · In committee
- HF 811 Repealing the school tuition organization tax credit available against the individual and corporate …91th General Assembly · amends section 422.11S · In committee
- HF 625 Providing for the future repeal of tax credits91th General Assembly · amends section 422.11S · In committee
- SF 453 Relating to school district and area education agency funding and education savings accounts, and in…91th General Assembly · amends section 422.11S · In committee
- HF 2301 Repealing the school tuition organization tax credit available against the individual and corporate …90th General Assembly · amends section 422.11S · In committee
- and 9 more
Redevelopment Tax Credit · Awarded · $8.7M claimed in FY26
This credit is available to taxpayers that invest in redeveloping a brownfield or grayfield site.
| Year | Awarded | Claimed |
|---|---|---|
| FY27 | $0 so far | – |
| FY26 | $15.0M | $8.7M |
| FY25 | $15.0M | $10.8M |
| FY24 | $15.0M | $7.7M |
| FY23 | $15.0M | $3.8M |
| FY22 | $10.0M | $3.1M |
| FY21 | $10.0M | $5.7M |
| FY20 | $10.0M | $4.6M |
Iowa Code sections 15.291 to 15.295
- HF 1054 Relating to matters under the purview of the Iowa economic development authority and the department …91th General Assembly · amends section 15.293A · Withdrawn
- SF 642 Relating to matters under the purview of the economic development authority and the Iowa finance aut…91th General Assembly · amends section 15.291 · Withdrawn
- SF 139 Relating to the redevelopment tax credit program, the nuisance property remediation assistance fund,…91th General Assembly · amends section 15.293A · In committee
- HF 2569 Relating to various matters under the purview of the state, including city and county zoning, work-b…89th General Assembly · amends section 15.291 · Withdrawn
- SF 2206 Relating to state and local revenue and finances by modifying sales and use taxes, individual and co…89th General Assembly · amends section 15.293A · Withdrawn
- SF 619 Relating to state and local revenue and finance by modifying future tax contingencies, the state inh…89th General Assembly · amends section 15.293A · Signed by Governor
- and 6 more
Endow Iowa Tax Credit · Awarded · $5.0M claimed in FY26
This credit is awarded by IEDA and is equal to 25 percent of a taxpayer’s endowment gift (up to $100,000 for a single taxpayer) to a qualified community foundation.
| Year | Awarded | Claimed |
|---|---|---|
| FY27 | $2.3M so far | – |
| FY26 | $6.0M | $5.0M |
| FY25 | $6.0M | $6.8M |
| FY24 | $13.0M | $6.3M |
| FY23 | $6.0M | $4.8M |
| FY22 | $6.0M | $4.3M |
| FY21 | $6.0M | $4.2M |
| FY20 | $6.0M | $4.6M |
Iowa Code section 15E.305
- HF 2342 Providing for the future repeal of tax credits91th General Assembly · amends section 15E.305 · In committee
- HF 1054 Relating to matters under the purview of the Iowa economic development authority and the department …91th General Assembly · amends section 15E.305 · Withdrawn
- HF 625 Providing for the future repeal of tax credits91th General Assembly · amends section 15E.305 · In committee
- HF 710 Relating to the endow Iowa tax credit, making appropriations, and including retroactive applicabilit…90th General Assembly · amends section 15E.305 · Signed by Governor
- HF 573 Relating to statutory corrections which may adjust language to reflect current practices, insert ear…90th General Assembly · amends section 15E.305 · Signed by Governor
- HF 419 Relating to the endow Iowa tax credit available against the individual and corporate income taxes, t…90th General Assembly · amends section 15E.305 · In committee
- and 5 more
E85 Gasoline Promotion Tax Credit · Automatic · $4.5M claimed in FY26
This per gallon credit is available to retail dealers of gasoline who sell E85 gasoline.
| Year | Awarded | Claimed |
|---|---|---|
| FY26 | – | $4.5M |
| FY25 | – | $5.5M |
| FY24 | – | $1.1M |
| FY23 | – | $3.1M |
| FY22 | – | $2.3M |
| FY21 | – | $2.7M |
| FY20 | – | $2.7M |
| FY19 | – | $2.5M |
Iowa Code section 422.11O
- HF 2643 Relating to reporting total gasoline and diesel fuel gallonage sold and dispensed by retail dealers …91th General Assembly · amends section 422.11O · Signed by Governor
- HF 1053 Relating to fuel taxation by extending tax credits for E-15 gasoline, and modifying the sales tax re…91th General Assembly · amends section 422.11O · In committee
- HF 2128 Relating to renewable fuels, including ethanol blended gasoline and biodiesel blended fuel used to p…89th General Assembly · amends section 422.11O · Signed by Governor
- HF 859 Relating to renewable fuel used to power motor vehicles, including by providing for standards and re…89th General Assembly · amends section 422.11O · In committee
- SF 149 Relating to state taxes by eliminating the individual income tax, increasing the sales and use tax r…89th General Assembly · amends section 422.11O · In committee
- HF 2158 Creating a Hoover presidential library tax credit available against the individual and corporate inc…88th General Assembly · adds section 422.11O · In committee
- and 1 more
Accelerated Career Education Tax Credit · Awarded · $4.2M claimed in FY26
| Year | Awarded | Claimed |
|---|---|---|
| FY27 | $0 so far | – |
| FY26 | $5.4M | $4.2M |
| FY25 | $5.4M | $4.3M |
| FY24 | $5.4M | $5.4M |
| FY23 | $5.4M | $4.1M |
| FY22 | $5.4M | $4.5M |
| FY21 | $5.4M | $4.0M |
| FY20 | $5.4M | $4.5M |
Iowa Code chapter 260G
- HF 2342 Providing for the future repeal of tax credits91th General Assembly · amends section 260G.4A · In committee
- HF 625 Providing for the future repeal of tax credits91th General Assembly · amends section 260G.4A · In committee
- SF 149 Relating to state taxes by eliminating the individual income tax, increasing the sales and use tax r…89th General Assembly · amends section 260G.4A · In committee
- HF 36 Providing for the future repeal of certain tax credits89th General Assembly · amends section 260G.4A · In committee
- HF 498 Relating to state taxes by eliminating the individual income tax, increasing the sales and use tax r…88th General Assembly · amends section 260G.4A · In committee
Volunteer Firefighter and Emergency Medical Services Personnel and Reserve Peace Officer Tax Credit · Automatic · $3.3M claimed in FY26
| Year | Awarded | Claimed |
|---|---|---|
| FY26 | – | $3.3M |
| FY25 | – | $3.3M |
| FY24 | – | $3.2M |
| FY23 | – | $3.4M |
| FY22 | – | $3.2M |
| FY21 | – | $1.3M |
| FY20 | – | $1.3M |
| FY19 | – | $1.3M |
Iowa Code section 422.12
- HF 2778 Modifying the individual income tax credit for emergency medical services personnel to include volun…91th General Assembly · amends section 422.12 · Passed House
- SF 2372 Relating to statutory corrections that adjust language to reflect current practices, correct grammar…91th General Assembly · amends section 422.12 · Withdrawn
- SF 2231 Relating to education, including by modifying provisions related to the protected speech and express…91th General Assembly · amends section 422.12 · Signed by Governor
- HF 2342 Providing for the future repeal of tax credits91th General Assembly · amends section 422.12 · In committee
- HF 625 Providing for the future repeal of tax credits91th General Assembly · amends section 422.12 · In committee
- SF 453 Relating to school district and area education agency funding and education savings accounts, and in…91th General Assembly · amends section 422.12 · In committee
- and 18 more
Beginning Farmer Tax Credit · Awarded · $2.3M claimed in FY26
This credit is awarded by the Iowa Agricultural Development Division to taxpayers that lease agricultural assets to qualified beginning farmers.
| Year | Awarded | Claimed |
|---|---|---|
| FY27 | $994K so far | – |
| FY26 | $5.2M | $2.3M |
| FY25 | $3.7M | $3.7M |
| FY24 | $4.5M | $4.3M |
| FY23 | $6.1M | $4.9M |
| FY22 | $6.1M | $4.8M |
| FY21 | $8.8M | $5.4M |
| FY20 | $13.5M | $4.3M |
Iowa Code sections 16.77 to 16.82A
- HF 2342 Providing for the future repeal of tax credits91th General Assembly · amends section 16.81 · In committee
- HF 625 Providing for the future repeal of tax credits91th General Assembly · amends section 16.81 · In committee
- HF 2711 Providing for a specialty food beginning farmer tax credit, and providing for fees90th General Assembly · amends section 16.77 · In committee
- HF 2550 Relating to the production, processing, distribution, and marketing of agricultural products, includ…89th General Assembly · amends section 16.77 · In committee
- HF 2463 Relating to nonsubstantive Code corrections, and including retroactive applicability provisions89th General Assembly · amends section 16.79A · Signed by Governor
- SF 619 Relating to state and local revenue and finance by modifying future tax contingencies, the state inh…89th General Assembly · amends section 16.77 · Signed by Governor
- and 8 more
Innovation Fund Tax Credit · Awarded · $1.8M claimed in FY26
This credit, administered by IEDA, is allowed for investments in businesses applying novel or original methods to manufacture a product or the delivery of a service.
| Year | Awarded | Claimed |
|---|---|---|
| FY27 | $441K so far | – |
| FY26 | $651K | $1.8M |
| FY25 | $1.5M | $1.4M |
| FY24 | $1.4M | $1.3M |
| FY23 | $1.8M | $1.7M |
| FY22 | $4.6M | $2.8M |
| FY21 | $2.9M | $1.7M |
| FY20 | $1.4M | $1.4M |
Iowa Code section 15E.52
- HF 2342 Providing for the future repeal of tax credits91th General Assembly · amends section 15E.52 · In committee
- HF 1054 Relating to matters under the purview of the Iowa economic development authority and the department …91th General Assembly · amends section 15E.52 · Withdrawn
- HF 625 Providing for the future repeal of tax credits91th General Assembly · amends section 15E.52 · In committee
- HF 2686 Relating to the organization, structure, and functions of state and local governments, providing for…90th General Assembly · amends section 15E.52 · Signed by Governor
- SF 575 Relating to the economic development authority, including renewable chemical production, workforce h…90th General Assembly · amends section 15E.52 · Signed by Governor
- SF 149 Relating to state taxes by eliminating the individual income tax, increasing the sales and use tax r…89th General Assembly · amends section 15E.52 · In committee
- and 2 more
Renewable Energy Tax Credit · Awarded · $1.5M claimed in FY26
This credit is available to a producer or purchaser of energy from a renewable energy facility approved as eligible by the Iowa Utilities Board (IUB). The Department of Revenue (IDR) determines the amount of the tax credits and issues tax credit certificates, which authorize credits to be claimed, to eligible applicants.
| Year | Awarded | Claimed |
|---|---|---|
| FY27 | $0 so far | – |
| FY26 | $2.5M | $1.5M |
| FY25 | $2.6M | $3.5M |
| FY24 | $3.9M | $2.2M |
| FY23 | $3.5M | $1.6M |
| FY22 | $4.5M | $4.1M |
| FY21 | $5.0M | $2.4M |
| FY20 | $4.7M | $6.5M |
Iowa Code chapter 476C
- HF 2342 Providing for the future repeal of tax credits91th General Assembly · adds section 476C.8 · In committee
- HF 625 Providing for the future repeal of tax credits91th General Assembly · adds section 476C.8 · In committee
- HF 370 Establishing a solar installation tax credit available against the individual and corporate income t…91th General Assembly · amends section 476C.2 · In committee
- HF 532 Establishing a solar installation tax credit available against the individual and corporate income t…90th General Assembly · amends section 476C.2 · In committee
- SF 149 Relating to state taxes by eliminating the individual income tax, increasing the sales and use tax r…89th General Assembly · amends section 476C.4 · In committee
- HF 221 Relating to the solar energy system tax credit available against the individual and corporate income…89th General Assembly · amends section 476C.2 · Subcommittee recommends passage
- and 2 more
Early Childhood Development Tax Credit · Automatic · $1.4M claimed in FY26
This credit is equal to 25 percent of the first $1,000 of expenses paid for early childhood development expenses for each dependent from the ages of three to five.
| Year | Awarded | Claimed |
|---|---|---|
| FY26 | – | $1.4M |
| FY25 | – | $1.4M |
| FY24 | – | $1.4M |
| FY23 | – | $918K |
| FY22 | – | $685K |
| FY21 | – | $587K |
| FY20 | – | $618K |
| FY19 | – | $641K |
Iowa Code section 422.12C
- SF 2231 Relating to education, including by modifying provisions related to the protected speech and express…91th General Assembly · amends section 422.12C · Signed by Governor
- HF 2342 Providing for the future repeal of tax credits91th General Assembly · amends section 422.12C · In committee
- HF 1020 Modifying the child and dependent care credit available against the individual income tax, and inclu…91th General Assembly · amends section 422.12C · Passed House
- HF 661 Relating to child care, including the child and dependent care tax credit, a child care workforce ma…91th General Assembly · amends section 422.12C · In committee
- HF 625 Providing for the future repeal of tax credits91th General Assembly · amends section 422.12C · In committee
- HF 715 Relating to state and local finance and the administration of the tax and related laws by the depart…90th General Assembly · amends section 422.12C · Withdrawn
- and 12 more
Enterprise Zone Program · Awarded · $1.3M claimed in FY26
This program, administered by IEDA, encouraged investment in Iowa’s economically distressed areas by providing local and state tax credits, refunds and exemptions to qualifying companies that expanded or located in designated Enterprise Zones. Repealed July 1, 2014.
| Year | Awarded | Claimed |
|---|---|---|
| FY26 | – | $1.3M |
| FY25 | – | $73K |
| FY24 | – | $718K |
| FY23 | – | $109K |
| FY22 | – | $1.1M |
| FY21 | – | $763K |
| FY20 | – | $985K |
| FY19 | – | $2.2M |
Iowa Code sections 15E.191 to 15E.196
No bills on file changed these sections.
Angel Investor Tax Credit · Awarded · $852K claimed in FY26
| Year | Awarded | Claimed |
|---|---|---|
| FY26 | $308K | $852K |
| FY25 | $1.9M | $1.7M |
| FY24 | $1.9M | $1.4M |
| FY23 | $2.0M | $1.6M |
| FY22 | $2.0M | $1.3M |
| FY21 | $2.0M | $1.9M |
| FY20 | $2.0M | $1.5M |
| FY19 | $2.0M | – |
Iowa Code sections 15E.41 to 15E.46
- HF 2686 Relating to the organization, structure, and functions of state and local governments, providing for…90th General Assembly · amends section 15E.46 · Signed by Governor
- SF 408 Relating to the economic development authority, including certain tax credit programs, the Iowa wine…90th General Assembly · amends section 15E.43 · Renumbered as SF 575
- SF 619 Relating to state and local revenue and finance by modifying future tax contingencies, the state inh…89th General Assembly · amends section 15E.43 · Signed by Governor
- SF 618 Relating to investment tax credits and innovation fund tax credits, and including effective date and…89th General Assembly · amends section 15E.43 · Approved by committee
- SF 149 Relating to state taxes by eliminating the individual income tax, increasing the sales and use tax r…89th General Assembly · amends section 15E.43 · In committee
- HF 112 Relating to certain tax credits and assistance awarded by the economic development authority, and in…89th General Assembly · amends section 15E.43 · In committee
- and 2 more
Adoption Tax Credit · Automatic · $682K claimed in FY26
This credit is available to individual taxpayers who pay or incur qualified adoption expenses. Repealed July 1, 2026.
| Year | Awarded | Claimed |
|---|---|---|
| FY26 | – | $682K |
| FY25 | – | $897K |
| FY24 | – | $924K |
| FY23 | – | $898K |
| FY22 | – | $801K |
| FY21 | – | $1.0M |
| FY20 | – | $961K |
| FY19 | – | $967K |
Iowa Code section 422.12A
- HF 2342 Providing for the future repeal of tax credits91th General Assembly · amends section 422.12A · In committee
- HF 1026 Relating to the adoption tax credit available against the individual income tax, and including effec…91th General Assembly · amends section 422.12A · Passed House
- HF 625 Providing for the future repeal of tax credits91th General Assembly · amends section 422.12A · In committee
- HF 2637 Relating to the adoption tax credit available against the individual income tax, and including effec…90th General Assembly · amends section 422.12A · Passed House
- HF 351 Relating to the adoption tax credit available against the individual income tax90th General Assembly · amends section 422.12A · Passed House
- HF 369 Relating to the adoption tax credit available against the individual income tax89th General Assembly · amends section 422.12A · Passed House
- and 3 more
Charitable Conservation Contribution Tax Credit · Automatic · $456K claimed in FY26
This credit is available to taxpayers who make an unconditional charitable donation of a qualified real property interest located in the State of Iowa to a qualified organization exclusively for conservation purposes.
| Year | Awarded | Claimed |
|---|---|---|
| FY26 | – | $456K |
| FY25 | – | $463K |
| FY24 | – | $434K |
| FY23 | – | $631K |
| FY22 | – | $876K |
| FY21 | – | $508K |
| FY20 | – | $537K |
| FY19 | – | $836K |
Iowa Code section 422.11W
- HF 2342 Providing for the future repeal of tax credits91th General Assembly · amends section 422.11W · In committee
- HF 625 Providing for the future repeal of tax credits91th General Assembly · amends section 422.11W · In committee
- SF 2206 Relating to state and local revenue and finances by modifying sales and use taxes, individual and co…89th General Assembly · amends section 422.11W · Withdrawn
- SF 587 Relating to state and local government financing, programs, and operations, by modifying provisions …89th General Assembly · repeals section 422.11W · Passed Senate
- SF 149 Relating to state taxes by eliminating the individual income tax, increasing the sales and use tax r…89th General Assembly · repeals section 422.11W · In committee
- HF 36 Providing for the future repeal of certain tax credits89th General Assembly · amends section 422.11W · In committee
- and 2 more
Solar Energy System Tax Credit · Awarded · $418K claimed in FY26
This credit is available to individual and corporation taxpayers who install solar energy systems located in Iowa. Repealed January 1, 2022.
| Year | Awarded | Claimed |
|---|---|---|
| FY27 | $0 so far | – |
| FY26 | $0 | $418K |
| FY25 | $0 | $1.2M |
| FY24 | $391K | $2.8M |
| FY23 | $11.1M | $6.6M |
| FY22 | $5.0M | $4.5M |
| FY21 | $5.0M | $4.9M |
| FY20 | $5.0M | $4.0M |
Iowa Code section 422.11L
- HF 2342 Providing for the future repeal of tax credits91th General Assembly · amends section 422.11L · In committee
- HF 625 Providing for the future repeal of tax credits91th General Assembly · amends section 422.11L · In committee
- HF 567 Relating to nonsubstantive Code corrections, and including effective date and retroactive applicabil…90th General Assembly · amends section 422.11L · Signed by Governor
- HF 2556 Relating to the solar energy system tax credit, and including effective date and retroactive applica…89th General Assembly · amends section 422.11L · Passed House
- SF 2318 Relating to the solar energy system tax credit available against the individual or corporate income …89th General Assembly · amends section 422.11L · In committee
- HF 2073 Reducing the solar energy system tax credit wait list by reducing authorized aggregate tax credits f…89th General Assembly · amends section 422.11L · In committee
- and 9 more
Supplemental Research Activities Tax Credit · Awarded · $363K claimed in FY26
| Year | Awarded | Claimed |
|---|---|---|
| FY26 | – | $363K |
| FY25 | – | $6.2M |
| FY24 | – | $86K |
| FY23 | – | $8.2M |
| FY22 | – | $67K |
| FY21 | – | $1.6M |
| FY20 | – | $2.1M |
| FY19 | – | $2.6M |
Renewable Chemical Production Tax Credit · Awarded · $273K claimed in FY26
The tax credit, administered by IEDA, is equal to $0.05 per pound of renewable chemicals produced from biomass feedstock in Iowa. The renewable chemicals must be produced on or after January 1, 2017, and on or before December 31, 2036.
| Year | Awarded | Claimed |
|---|---|---|
| FY27 | $0 so far | – |
| FY26 | $0 | $273K |
| FY25 | $0 | $0 |
| FY24 | $1.0M | $2.0M |
| FY23 | $1.0M | $1.0M |
| FY22 | $1.2M | $657K |
| FY21 | $1.0M | $1.8M |
| FY20 | $1.3M | $1.0M |
Iowa Code sections 15.315 to 15.321
- HF 1054 Relating to matters under the purview of the Iowa economic development authority and the department …91th General Assembly · amends section 15.317 · Withdrawn
- HF 2686 Relating to the organization, structure, and functions of state and local governments, providing for…90th General Assembly · amends section 15.320 · Signed by Governor
- SF 575 Relating to the economic development authority, including renewable chemical production, workforce h…90th General Assembly · amends section 15.316 · Signed by Governor
- SF 2206 Relating to state and local revenue and finances by modifying sales and use taxes, individual and co…89th General Assembly · amends section 15.319 · Withdrawn
- HF 699 Relating to nonsubstantive Code corrections, and including retroactive applicability provisions89th General Assembly · amends section 15.317 · Signed by Governor
- SF 149 Relating to state taxes by eliminating the individual income tax, increasing the sales and use tax r…89th General Assembly · amends section 15.319 · In committee
- and 1 more
Targeted Jobs Tax Credit from Withholding · Automatic · $241K claimed in FY26
This pilot program, administered by IEDA and four pilot project cities, provides for a withholding credit equal to 3 percent of the gross wages paid by the employer to each employee under the withholding agreement. These funds are to be used by the pilot city for an urban renewal project related to the employer.
| Year | Awarded | Claimed |
|---|---|---|
| FY27 | $0 so far | – |
| FY26 | $0 | $241K |
| FY25 | $0 | $356K |
| FY24 | $611K | $337K |
| FY23 | $1.3M | $1.3M |
| FY22 | $759K | $4.0M |
| FY21 | $306K | $4.7M |
| FY20 | $0 | $5.8M |
Iowa Code section 403.19A
- SF 2240 Extending the deadline to enter into withholding agreements under the targeted jobs withholding cred…91th General Assembly · amends section 403.19A · In committee
- HF 2342 Providing for the future repeal of tax credits91th General Assembly · amends section 403.19A · In committee
- SF 657 Related to state taxation and finance and other related matters, by creating, modifying, and elimina…91th General Assembly · amends section 403.19A · Signed by Governor
- HF 625 Providing for the future repeal of tax credits91th General Assembly · amends section 403.19A · In committee
- SF 2442 Relating to state and local finances by modifying individual and alternate income tax rates, withhol…90th General Assembly · amends section 403.19A · Signed by Governor
- HF 893 Relating to state taxation and economic development activities, including future tax contingencies, …89th General Assembly · amends section 403.19A · Withdrawn
- and 5 more
Hoover Presidential Library Tax Credit · Awarded · $98K claimed in FY26
This tax credit, administered by IEDA, provides a 25 percent tax credit for donations made to the Hoover Presidential Foundation.
| Year | Awarded | Claimed |
|---|---|---|
| FY26 | – | $98K |
| FY25 | $568K | $173K |
| FY24 | $410K | $150K |
| FY23 | $327K | $107K |
| FY22 | $284K | $213K |
| FY21 | – | $0 |
| FY20 | – | $0 |
Iowa Code section 15E.364
- HF 703 Relating to the Hoover presidential library tax credit available against the individual and corporat…90th General Assembly · amends section 15E.364 · Signed by Governor
- SF 575 Creating a Hoover presidential library tax credit available against the individual and corporate inc…89th General Assembly · adds section 15E.364 · Withdrawn
- HF 2158 Creating a Hoover presidential library tax credit available against the individual and corporate inc…88th General Assembly · adds section 15E.364 · In committee
Geothermal Heat Pump Tax Credit · Awarded · $28K claimed in FY26
This credit is equal to 20 percent of the federal residential energy efficient property tax credit allowed for geothermal thermal heat pumps in any year in which Iowa couples with the federal tax credit. Iowa was coupled in tax years 2012 through 2016 and again in tax years 2019 through 2022 when the federal credit expires. Repealed January 1, 2024.
| Year | Awarded | Claimed |
|---|---|---|
| FY26 | – | $28K |
| FY25 | – | $257K |
| FY24 | $885K | $586K |
| FY23 | $624K | $577K |
| FY22 | $411K | $497K |
| FY21 | $442K | $641K |
| FY20 | $730K | $542K |
| FY19 | – | $191K |
Iowa Code section 422.11I
No bills on file changed these sections.
Enterprise Zone Program - Housing Component · Awarded · $15K claimed in FY26
| Year | Awarded | Claimed |
|---|---|---|
| FY26 | – | $15K |
| FY25 | – | $31K |
| FY24 | – | $165K |
| FY23 | – | $407K |
| FY22 | – | $3.0M |
| FY21 | – | $3.4M |
| FY20 | – | $4.9M |
| FY19 | – | $7.2M |
Farm to Food Donation Tax Credit · Automatic · $14K claimed in FY26
A tax credit is available to taxpayers who donate a food commodity to an Iowa food bank or an Iowa emergency feeding organization. The amount of the tax credit is equal to 15 percent of the value of the donated food.
| Year | Awarded | Claimed |
|---|---|---|
| FY26 | – | $14K |
| FY25 | – | $21K |
| FY24 | – | $25K |
| FY23 | – | $23K |
| FY22 | $32K | $27K |
| FY21 | $31K | $15K |
| FY20 | $26K | $26K |
| FY19 | $30K | $17K |
Iowa Code section 422.11R
- SF 149 Relating to state taxes by eliminating the individual income tax, increasing the sales and use tax r…89th General Assembly · repeals section 422.11R · In committee
- HF 498 Relating to state taxes by eliminating the individual income tax, increasing the sales and use tax r…88th General Assembly · repeals section 422.11R · In committee
Public Safety Officer Moving Expense Tax Credit · Automatic · $10K claimed in FY26
This credit is a refundable tax credit, available against the individual income tax, not to exceed $2,000 per move for unreimbursed moving expenses incurred by a new Iowa resident, after January 1, 2024, who takes full-time employment as a public safety officer.
| Year | Awarded | Claimed |
|---|---|---|
| FY26 | – | $10K |
| FY25 | – | $18K |
| FY24 | – | $0 |
Iowa Code section 422.12P
- HF 2342 Providing for the future repeal of tax credits91th General Assembly · amends section 422.12P · In committee
- HF 625 Providing for the future repeal of tax credits91th General Assembly · amends section 422.12P · In committee
- HF 2661 Relating to public safety personnel by modifying the retirement benefits of sheriffs and deputy sher…90th General Assembly · adds section 422.12P · Signed by Governor
- HF 2471 Creating an electric outdoor power equipment tax credit available against the individual and corpora…90th General Assembly · adds section 422.12P · In committee
- SF 2257 Creating a child tax credit available against the individual income tax, and including retroactive a…90th General Assembly · adds section 422.12P · In committee
- HF 2148 Relating to the establishment of an easy enrollment health care coverage program utilizing the state…90th General Assembly · adds section 422.12P · In committee
- and 6 more
Custom Farming Contract Tax Credit · Awarded · $417 claimed in FY26
This credit was awarded by the Iowa Agricultural Development Division to taxpayers that hired qualified beginning farmers to perform custom contract farm work. Repealed December 31, 2017.
| Year | Awarded | Claimed |
|---|---|---|
| FY26 | – | $417 |
| FY25 | – | $18K |
| FY24 | – | $9K |
| FY23 | – | $13K |
| FY22 | – | $22K |
| FY21 | – | $2K |
| FY20 | – | $12K |
| FY19 | – | $27K |
Iowa Code sections 16.73 to 16.82
- HF 2342 Providing for the future repeal of tax credits91th General Assembly · amends section 16.81 · In committee
- HF 625 Providing for the future repeal of tax credits91th General Assembly · amends section 16.81 · In committee
- HF 2711 Providing for a specialty food beginning farmer tax credit, and providing for fees90th General Assembly · amends section 16.77 · In committee
- HF 2550 Relating to the production, processing, distribution, and marketing of agricultural products, includ…89th General Assembly · amends section 16.77 · In committee
- HF 2463 Relating to nonsubstantive Code corrections, and including retroactive applicability provisions89th General Assembly · amends section 16.79A · Signed by Governor
- SF 619 Relating to state and local revenue and finance by modifying future tax contingencies, the state inh…89th General Assembly · amends section 16.77 · Signed by Governor
- and 8 more
Agricultural Assets Transfer Tax Credit · Awarded
| Year | Awarded | Claimed |
|---|---|---|
| FY18 | $9.6M | $4.7M |
| FY17 | $8.5M | $4.9M |
| FY16 | $7.0M | $3.8M |
| FY15 | $6.5M | $3.4M |
| FY14 | $6.0M | $3.1M |
| FY13 | $5.8M | $3.2M |
| FY12 | $5.2M | – |
| FY11 | $3.6M | – |
Assistive Device Tax Credit · Awarded
This credit is awarded by the Iowa Economic Development Authority (IEDA) to taxpayers who make investments in assistive devices that allow for disability workplace accommodation.
| Year | Awarded | Claimed |
|---|---|---|
| FY23 | $0 | $0 |
| FY22 | $0 | $0 |
| FY21 | $0 | $0 |
| FY20 | $0 | $0 |
| FY19 | $0 | $0 |
| FY18 | $0 | $0 |
| FY17 | $0 | $0 |
| FY16 | $0 | $0 |
Business Incentives for Growth Program · Awarded
This program, administered by IEDA, provides tax benefits to eligible companies that create new jobs and make capital investments. Businesses must be primarily engaged in advanced manufacturing, bioscience, insurance and finance, or technology and innovation to be eligible.
| Year | Awarded | Claimed |
|---|---|---|
| FY27 | $5.1M so far | – |
| FY26 | $38.1M | $0 |
| FY25 | – | $0 |
| FY24 | – | $0 |
Iowa Code sections 15.502 to 15.511
- HF 2342 Providing for the future repeal of tax credits91th General Assembly · amends section 15.507 · In committee
- HF 1054 Relating to matters under the purview of the Iowa economic development authority and the department …91th General Assembly · adds section 15.502 · Withdrawn
- SF 404 Creating the Iowa tourism advertising fund, and making appropriations91th General Assembly · adds section 15.510 · In committee
- SF 270 Relating to tax credits awarded by the economic development authority for specific capital contribut…91th General Assembly · adds section 15.510 · In committee
Employer Child Care Tax Credit · Awarded · repealed January 1, 2026
This credit is awarded by IEDA and is equal to the amount of the federal employer-provided child care tax credit provided in section 45F of the Internal Revenue Code. Repealed January 1, 2026.
| Year | Awarded | Claimed |
|---|---|---|
| FY26 | $0 | $0 |
| FY25 | $128K | $0 |
| FY24 | $0 | $0 |
| FY23 | $0 | $0 |
| FY22 | – | $0 |
| FY21 | – | $0 |
| FY20 | – | $0 |
Iowa Code section 237A.31
- HF 1054 Relating to matters under the purview of the Iowa economic development authority and the department …91th General Assembly · amends section 237A.31 · Withdrawn
- HF 625 Providing for the future repeal of tax credits91th General Assembly · amends section 237A.31 · In committee
- SF 181 Relating to property taxes and income taxes by modifying the calculation of assessment limitations f…90th General Assembly · amends section 237A.31 · Signed by Governor
- HF 2564 Making appropriations to the department of cultural affairs, the economic development authority, the…89th General Assembly · adds section 237A.31 · Signed by Governor
- HF 617 Providing small businesses with income, franchise, moneys and credits, and gross premiums tax credit…89th General Assembly · adds section 237A.31 · In committee
- HF 370 Providing businesses with income, franchise, moneys and credits, and gross premiums tax credits for …89th General Assembly · adds section 237A.31 · Passed House
- and 2 more
Ethanol Promotion Tax Credit · Automatic · repealed January 1, 2021
This credit replaced the Ethanol Blended Gasoline Tax Credit beginning in 2009. To be eligible, retail dealers must meet a rising biofuel threshold based on the annual sales of the dealer. If eligible the credit is based on the amount of pure ethanol gallons sold. Repealed January 1, 2021.
| Year | Awarded | Claimed |
|---|---|---|
| FY26 | – | $0 |
| FY25 | – | $0 |
| FY24 | – | $45K |
| FY23 | – | $244K |
| FY22 | – | $366K |
| FY21 | – | $541K |
| FY20 | – | $486K |
| FY19 | – | $650K |
Iowa Code section 422.11N
- HF 2676 Providing a credit refund for taxpayers who own or lease cow-calf operations that maintain a herd of…90th General Assembly · adds section 422.11N · In committee
- HF 498 Relating to state taxes by eliminating the individual income tax, increasing the sales and use tax r…88th General Assembly · amends section 422.11N · In committee
Film, Television, and Video Project Promotion Program · Awarded · repealed January 1, 2012
This program, administered by EDA, provides a 25 percent tax credit for investments and a 25 percent tax credit for qualified expenditures in film projects produced in the State of Iowa. This program was repealed effective January 1, 2012. Repealed January 1, 2012.
| Year | Awarded | Claimed |
|---|---|---|
| FY15 | $0 | $27K |
| FY14 | $0 | $1.8M |
| FY13 | $89K | $460K |
| FY12 | $14.6M | – |
| FY11 | $7.0M | – |
| FY10 | $14.3M | – |
| FY09 | $12.9M | – |
| FY08 | $9.1M | – |
Geothermal Tax Credit · Automatic · repealed December 31, 2018
This tax credit is equal to 10 percent of qualified expenditures on equipment that uses the ground or groundwater as a thermal energy source to heat the taxpayer’s dwelling, or as a thermal energy sink to cool the dwelling in any year in which Iowa does not couple with the federal tax credit or in which the federal credit is expired. Repealed December 31, 2018.
| Year | Awarded | Claimed |
|---|---|---|
| FY26 | – | $0 |
| FY25 | – | $1K |
| FY24 | – | $476 |
| FY23 | – | $12K |
| FY22 | – | $27K |
| FY21 | – | $83K |
| FY20 | – | $280K |
| FY19 | – | $1.1M |
Iowa Code section 422.10A
No bills on file changed these sections.
Headquarters Expansion and Development for Growth and Employment Program · Automatic
| Year | Awarded | Claimed |
|---|---|---|
| FY26 | – | $0 |
| FY25 | – | $0 |
| FY24 | – | $0 |
Iowa Code sections 15.600 to 15.606
- HF 2799 Relating to matters under the purview of the economic development authority, the utilities commissio…91th General Assembly · adds section 15.600 · Signed by Governor
Major Economic Growth and Attraction Program · Awarded
This program, administered by IEDA, provides tax benefits to eligible companies that make a qualifying investment exceeding $1 billion. Businesses must be primarily engaged in advanced manufacturing, biosciences, or research and development to be eligible.
| Year | Awarded | Claimed |
|---|---|---|
| FY26 | – | $0 |
| FY25 | – | $0 |
| FY24 | – | $0 |
Iowa Code sections 15.490 to 15.501
- HF 2801 Modifying the major economic growth attraction program, and including effective date provisions91th General Assembly · amends section 15.491 · Signed by Governor
- HF 2799 Relating to matters under the purview of the economic development authority, the utilities commissio…91th General Assembly · amends section 15.491 · Signed by Governor
- SF 2373 Modifying the major economic growth attraction program to include incentivizing the building of a pr…91th General Assembly · amends section 15.491 · Approved by committee
- HF 2342 Providing for the future repeal of tax credits91th General Assembly · amends section 15.495 · In committee
- HF 1054 Relating to matters under the purview of the Iowa economic development authority and the department …91th General Assembly · amends section 15.494 · Withdrawn
- HF 2674 Relating to tax credits awarded by the economic development authority for specific capital contribut…90th General Assembly · adds section 15.490 · Passed House
- and 1 more
New Capital Investment Program · Automatic
This program, administered by IEDA, was replaced by the High Quality Jobs Program, beginning in FY 2006.
| Year | Awarded | Claimed |
|---|---|---|
| FY19 | – | $2K |
| FY18 | – | $1K |
| FY17 | – | $2K |
| FY16 | – | $18K |
| FY15 | – | $274K |
| FY14 | – | $301K |
| FY13 | – | $501K |
New Jobs and Income Program · Automatic
This program, administered by IEDA, was replaced by the High Quality Jobs Program, beginning in FY 2006.
| Year | Awarded | Claimed |
|---|---|---|
| FY19 | – | $0 |
| FY18 | – | $3K |
| FY17 | – | $8K |
| FY16 | – | $17K |
| FY15 | – | $64K |
| FY14 | – | $381K |
| FY13 | – | $4.0M |
Research and Development Tax Credit · Awarded
This credit, administered by IEDA, is available to eligible businesses that incur qualified research expenses in Iowa. This credit relies on the federal definition of qualified research expenditures. Businesses must be primarily engaged in advanced manufacturing, bioscience, insurance and finance, and technology innovation to be eligible.
| Year | Awarded | Claimed |
|---|---|---|
| FY26 | – | $0 |
| FY25 | – | $0 |
| FY24 | – | $0 |
Iowa Code sections 15.520 to 15.526
- HF 2550 Relating to small nuclear reactors, including the establishment of the Iowa modular reactor committe…91th General Assembly · amends section 15.522 · In committee
- HF 2342 Providing for the future repeal of tax credits91th General Assembly · amends section 15.524 · In committee
- HF 1054 Relating to matters under the purview of the Iowa economic development authority and the department …91th General Assembly · adds section 15.520 · Withdrawn
Seed Investor Tax Credit · Awarded
This tax credit, administered by IEDA, is equal to 20 percent or 35 percent of an equity investment depending on the location of the qualifying business at the time of the investment.
| Year | Awarded | Claimed |
|---|---|---|
| FY26 | – | $0 |
| FY25 | – | $0 |
| FY24 | – | $0 |
Iowa Code sections 15E.25 to 15E.29
Soy-Based Transformer Fluid Tax Credit · Awarded
| Year | Awarded | Claimed |
|---|---|---|
| FY09 | $3K | – |
| FY08 | $18K | – |
| FY07 | $17K | – |
Sustainable Aviation Fuel Production Tax Credit · Awarded
This per gallon tax credit, administered by IEDA, is available to producers of sustainable aviation fuel derived from feedstock.
| Year | Awarded | Claimed |
|---|---|---|
| FY26 | – | $0 |
| FY25 | – | $0 |
| FY24 | – | $0 |
Iowa Code sections 15.530 to 15.535
Venture Capital Tax Credit - Fund of Funds · Awarded
| Year | Awarded | Claimed |
|---|---|---|
| FY23 | $0 | – |
| FY22 | $0 | – |
| FY21 | $0 | – |
| FY20 | $0 | – |
| FY19 | $0 | $0 |
| FY18 | $0 | $0 |
| FY17 | $756K | $621K |
| FY16 | $359K | $949K |
Venture Capital Tax Credit - Qualifying Business · Awarded
| Year | Awarded | Claimed |
|---|---|---|
| FY20 | $2.0M | – |
| FY19 | $2.0M | $1.5M |
| FY18 | $2.0M | $2.1M |
| FY17 | $2.0M | $1.8M |
| FY16 | $1.2M | $701K |
| FY15 | $0 | $120K |
| FY14 | $0 | $163K |
| FY13 | $545K | $273K |
Venture Capital Tax Credit - Venture Capital Fund · Awarded
| Year | Awarded | Claimed |
|---|---|---|
| FY22 | – | $0 |
| FY21 | – | $0 |
| FY20 | – | $2K |
| FY19 | – | $9K |
| FY18 | – | $0 |
| FY17 | – | $9K |
| FY16 | – | $18K |
| FY15 | – | $42K |
Wage Benefit Tax Credit · Awarded
| Year | Awarded | Claimed |
|---|---|---|
| FY15 | – | $33K |
| FY14 | – | $0 |
| FY13 | – | $1.4M |
| FY11 | $4.0M | – |
| FY10 | $4.0M | – |
| FY09 | $4.0M | – |
| FY08 | $4.0M | – |
| FY07 | $10.0M | – |
Wind Energy Production Tax Credit · Awarded
This credit is for electrical production facilities that produce electricity from wind and are approved as eligible by the local board of supervisors and the IUB. IDR determines the amount of the tax credits and issues tax credit certificates to eligible applicants.
| Year | Awarded | Claimed |
|---|---|---|
| FY26 | – | $0 |
| FY25 | – | $0 |
| FY24 | – | $140K |
| FY23 | $0 | $0 |
| FY22 | $630K | $138K |
| FY21 | $855K | $851K |
| FY20 | $1.0M | $893K |
| FY19 | $1.5M | $3.6M |
Iowa Code chapter 476B
- HF 2342 Providing for the future repeal of tax credits91th General Assembly · adds section 476B.11 · In committee
- HF 625 Providing for the future repeal of tax credits91th General Assembly · adds section 476B.11 · In committee
- SF 149 Relating to state taxes by eliminating the individual income tax, increasing the sales and use tax r…89th General Assembly · amends section 476B.2 · In committee
- HF 36 Providing for the future repeal of certain tax credits89th General Assembly · adds section 476B.11 · In committee
- HF 498 Relating to state taxes by eliminating the individual income tax, increasing the sales and use tax r…88th General Assembly · amends section 476B.2 · In committee