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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.

StateIowa
Effected JurisdictionIowa
Jurisdiction type: State
Fiscal year ending In2018
Program nameRenewable Energy Tax Credit
Program purpose: Energy production
Statutory authority: Iowa Code chapter 476C
Abating jurisdiction(s): State of Iowa
Applicable taxesSales and Use Tax; Individual Income Tax; Corporate Income Tax; Franchise Tax; Insurance Premium Tax
Method of abatement: Tax Credit
Provisions for recapture: (N/A - performance-based)
Gross revenue loss: $3,574,000
Reimbursement / offset: $0
Net revenue loss: $3,574,000
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