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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.

State or TerritoryIowa
Effected JurisdictionIowa
Jurisdiction type: State or Territory
Fiscal year ending In2021
Program nameRedevelopment Tax Credit
Program purpose: Brownfield rehabilitation
Statutory authority: Iowa Code Sections 15.291, 15.293A, 15.293B, 15.294
Abating jurisdiction(s): State of Iowa
Applicable taxesIndividual Income Tax; Corporate Income Tax; Franchise Tax; Insurance Premium Tax
Method of abatement: Tax Credit
Provisions for recapture: (not specified)
Gross revenue loss: $6,207,000
Reimbursement / offset: $0
Net revenue loss: $6,207,000
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