Title I, STATE SOVEREIGNTY AND MANAGEMENT (Ch. 1 - 38D)

The incorporators of the corporation formed under sections 15E.11 , 15E.15 and 15E.16 , shall be: 1. The chairperson of the Iowa development commission. 2. The director of the Iowa development commission. 3. A member of the Iowa development commission selected by the chairperson.…

The board of directors of the corporation formed under sections 15E.11 , 15E.14 and 15E.16 shall be the members of the Iowa development commission or their successors in office. [C66, 71, 73, 75, 77, 79, 81, §28.15 ] C93, §15E.15 Referred to in §15.108 , 15E.14 , 15E.16

The corporation formed under sections 15E.11 , 15E.14 and 15E.15 is hereby authorized to accept grants of money or property from the federal government or any other source and may upon its own order use its money, property or other resources for any of the purposes herein. [C66, …

1. As used in this section , unless the context requires otherwise: a. “Broadband” means the same as defined in section 8.76 . b. “Broadband infrastructure” means the same as defined in section 8.76 . c. “Communications service provider” means a service provider that provides bro…

1. The economic development authority shall provide a regulatory information service. The purpose of the service shall be to provide a center of information where a person interested in establishing a commercial facility or engaging in a commercial activity may be informed of any…

1. a. The authority shall consult with local governments and local economic development officials in regard to site development techniques. For purposes of this section , “site development techniques” include environmental evaluations, property and wetland delineation, and histor…

1. The economic development authority shall coordinate all regulatory assistance for the state of Iowa. Each state agency administering regulatory programs for business shall maintain a coordinator within the office of the director or the administrative division of the state agen…

This subchapter shall be known and may be cited as the “Iowa Agricultural Industry Finance Act” . 98 Acts, ch 1207, §2 ; 2017 Acts, ch 54, §76

Except as otherwise provided in this subchapter , or unless the context otherwise requires, the words and phrases used in this subchapter shall have the same meaning as the words and phrases used in chapter 490 , including but not limited to the words and phrases used in section …

1. The general assembly finds that this state is in a period when the economic structure of agriculture and the production, processing, and marketing of agricultural products is undergoing a period of rapid transformation. 2. It is the intent of the general assembly and purpose o…

1. An Iowa agricultural industry finance corporation formed under this subchapter shall be subject to and have the powers and privileges conferred by provisions of chapter 490 , unless otherwise limited by or inconsistent with the provisions of this subchapter . 2. Nothing in thi…

1. A corporation incorporated under chapter 490 is an Iowa agricultural industry finance corporation if the corporation complies with the requirements of this section and section 15E.206 . In addition to the other requirements for a corporation organized under chapter 490 , all o…

1. This section authorizes the formation of Iowa agricultural industry finance corporations in order to perfect the manner in which such corporations are formed and operate. Such a corporation is a private business corporation and not a public corporation or instrumentality of th…

In carrying out its duties and exercising its powers under this subchapter , an Iowa agricultural industry finance corporation shall be guided by the following principles: 1. a. The corporation must exercise diligence and care in the selection of persons and projects to receive f…

1. The authority may award an Iowa agricultural industry finance loan to an Iowa agricultural industry finance corporation if the authority in its discretion determines that the corporation is qualified under this section . 2. The corporation must apply for an Iowa agricultural i…

1. An Iowa agricultural industry finance corporation may only provide financing to a person determined eligible by the corporation according to requirements of the corporation and this section . At a minimum, an eligible person must be one of the following: a. An agricultural pro…

The authority shall establish an Iowa business resource center program for purposes of locating Iowa business resource centers in the state. The authority shall partner with another entity wanting to assist with economic growth and establish an Iowa business resource center. Oper…

The obligations of the corporation are not obligations of this state or any political subdivision of this state within the meaning of any constitutional or statutory debt limitations, but are obligations of the corporation payable solely and only from the corporation’s funds. The…

The authority may adopt rules pursuant to chapter 17A necessary to administer this subchapter . 98 Acts, ch 1207, §12 ; 2011 Acts, ch 118, §87, 89 ; 2017 Acts, ch 54, §76

The purpose of this subchapter is to stimulate job growth, create wealth, and accelerate the creation of new ventures by using investment tax credits to incentivize the transfer of capital from investors to entrepreneurs, particularly during early-stage growth. 2025 Acts, ch 136,…

For purposes of this subchapter , unless the context otherwise requires: 1. “Affiliate” means a spouse, child, or sibling of an investor or a corporation, partnership, or trust in which an investor has a controlling equity interest or in which an investor exercises management con…

1. a. For tax years beginning on or after January 1, 2025, a tax credit shall be allowed against the taxes imposed in chapter 422, subchapters II , III , and V , and in chapter 432 , and against the moneys and credits tax imposed in section 533.329 , for a portion of a taxpayer’s…

1. To determine whether a business is a qualifying business, a business shall submit an application to the authority that is accompanied by a nonrefundable application fee. A business must be certified by the authority as a qualifying business in order for an investor’s equity in…

1. Except as provided in subsection 2 , all information or records in the possession of the authority with respect to this subchapter shall be presumed by the authority to be a trade secret protected under chapter 550 or common law, and shall be kept confidential by the authority…

Repealed by 2025 Acts, ch 136, §97 – 99 . 2025 repeal applies to tax years beginning on or after January 1, 2026; 2025 Acts, ch 136, §99 2025 repeal effective January 1, 2026; 2025 Acts, ch 136, §98

Repealed by 2025 Acts, ch 136, §97 – 99 . 2025 repeal applies to tax years beginning on or after January 1, 2026; 2025 Acts, ch 136, §99 2025 repeal effective January 1, 2026; 2025 Acts, ch 136, §98

As used in this subchapter , unless the context otherwise requires: 1. “Community affiliate organization” means a group of five or more community leaders or advocates organized for the purpose of increasing philanthropic activity in an identified community or geographic area in t…

Repealed by 2025 Acts, ch 136, §97 – 99 . 2025 repeal applies to tax years beginning on or after January 1, 2026; 2025 Acts, ch 136, §99 2025 repeal effective January 1, 2026; 2025 Acts, ch 136, §98

1. For tax years beginning on or after January 1, 2003, a tax credit shall be allowed against the taxes imposed in chapter 422, subchapters II , III , and V , and in chapter 432 , and against the moneys and credits tax imposed in section 533.329 equal to twenty-five percent of a …

1. The purpose of this section is to enhance the quality of life for citizens of Iowa by providing moneys to new or existing citizen groups of this state organized to establish county affiliate funds or community foundations that will address countywide needs. 2. A county endowme…

1. As used in this section , “district” means a regional sports authority district certified under this section . 2. a. A convention and visitors bureau may apply to the authority for certification of a regional sports authority district which may include more than one city and m…

1. The authority shall establish and administer a business accelerator program to provide financial assistance for the establishment and operation of a business accelerator for technology-based, value-added agricultural, information solutions, alternative and renewable energy inc…

1. The authority shall establish and administer a small business disaster recovery financial assistance program. Under the program, the authority shall provide grants to administrative entities for purposes of providing financial assistance to eligible businesses that sustained p…

1. For purposes of this subchapter , unless the context otherwise requires: a. “Business development services” includes but is not limited to corporate development services, business model development services, business planning services, marketing services, financial strategies …

1. An entrepreneur investment awards program fund is created in the state treasury under the control of the authority and consisting of any moneys appropriated by the general assembly and any other moneys available to and obtained or accepted by the authority for placement in the…

1. For tax years beginning on or after January 1, 2021, but before January 1, 2025, a tax credit shall be allowed against the taxes imposed in chapter 422, subchapters II , III , and V , and in chapter 432 , and against the moneys and credits tax imposed in section 533.329 , equa…

1. As used in this section unless the context otherwise requires: a. “Department” means the department of agriculture and land stewardship. b. “Financial assistance” means assistance provided only from the funds and assets legally available to the authority pursuant to this secti…

Repealed by 2025 Acts, ch 136, §68 . For preservation of existing rights relating to investment tax credits awarded, issued, or allowed before July 1, 2026, see 2025 Acts, ch 136, §77

1. For purposes of this section, unless the context otherwise requires: a. “Board” means the same as defined in section 15.102 . b. “Innovation fund” means one or more early-stage capital funds certified by the board. c. “Innovative business” means a business applying novel or or…

1. The general assembly finds the following: Fundamental changes have occurred in national and international financial markets and in the financial markets of this state. A critical shortage of seed and venture capital resources exists in the state, and such shortage is impairing…

As used in this subchapter , unless the context otherwise requires: 1. “Board” means the Iowa capital investment board created in section 15E.63 . 2. “Certificate” means a contract between the board and a designated investor pursuant to which a tax credit is available and issued …

1. The Iowa capital investment board is created as a state governmental board and the exercise by the board of powers conferred by this subchapter shall be deemed and held to be the performance of essential public purposes. The purpose of the board shall be to mobilize venture eq…

1. An Iowa capital investment corporation may be organized as a private, not-for-profit corporation under chapter 504 . The Iowa capital investment corporation is not a public corporation or instrumentality of the state and shall not enjoy any of the privileges and shall not be r…

1. The Iowa capital investment corporation shall organize the Iowa fund of funds. The Iowa fund of funds shall be authorized to make investments in private seed and venture capital partnerships or entities in a manner which will encourage the availability of a wide variety of ven…

1. The board may issue certificates and related tax credits to designated investors which, if redeemed for the maximum possible amount, shall not exceed a total aggregate of sixty million dollars of tax credits. The certificates shall be issued contemporaneously with a commitment…

This subchapter shall not be construed as a restriction or limitation upon any power which the board might otherwise have under any other law of this state and the provisions of this subchapter are cumulative to such powers. This subchapter shall be construed to provide a complet…