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Tax Break Tracker Individual Entry

Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.

Effected JurisdictionIowa
Jurisdiction type: State
Fiscal year ending In2018
Program nameBeginning Farmer Tax Credit Program
Program purpose: Agricultural development
Statutory authority: Iowa Code sections 16.78 through 16.82
Abating jurisdiction(s): State of Iowa
Applicable taxesIndividual and Corporate Income Taxes
Method of abatement: Tax Credit
Provisions for recapture: Agreement termination
Gross revenue loss: $5,045,000
Reimbursement / offset: $0
Net revenue loss: $5,045,000
Type of loss: Active
Additional notes on dislosureProvided breakdown by type of taxes
Document sourcehttps://das.iowa.gov/state-accounting/state-financial-reports/cafr-archive