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

As used in this part , unless the context otherwise requires: 1. “Eligible expenditures” means qualified research expenses under section 41 of the Internal Revenue Code , to the extent the expenditures occurred in this state. 2. “Qualified business” means a business certified by …

1. The tax credit available pursuant to this part shall be available only to a business primarily engaged in any of the following: a. Advanced manufacturing. b. Bioscience. c. Insurance and finance. d. Technology and innovation. 2. For a business described in subsection 1 , the s…

1. A business shall submit a preapplication to the authority to determine whether the business is primarily engaged in an eligible sector identified in section 15.522 and is actively engaged in qualified research and development. The determination made by the authority shall be b…

1. For tax years beginning on or after January 1, 2026, a research and development tax credit is available to a qualified business that is approved for the tax credit by the authority. 2. Upon submission of the documentation required pursuant to section 15.523, subsection 4 , and…

1. A qualified business shall report annually to the authority all of the following: a. The total amount of investment made in research and development. b. The qualified location in this state where the research and development occurred. c. The number of jobs created, wages paid,…

1. Except as provided in subsection 2 , all information or records in the possession of the authority with respect to this part 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 unles…

This part shall be known and may be cited as the “Sustainable Aviation Fuel Production Tax Credit Program” . 2025 Acts, ch 136, §119, 129, 130 Referred to in §15.535 For future repeal of this section effective January 1, 2037, see §15.535 Sustainable aviation fuel tax credits iss…

As used in this part , unless the context otherwise requires: 1. “Aviation gasoline” means the same as defined in section 452A.2 . 2. “Eligible taxpayer” means a business engaged in manufacturing sustainable aviation fuel from feedstock. 3. “Feedstock” means any organic matter pr…

1. a. An eligible business that produces a sustainable aviation fuel in this state from feedstock during a calendar year may apply to the authority for the sustainable aviation fuel tax credit provided in section 15.533 . b. The application must be made to the authority in the ma…

1. An eligible business that has entered into an agreement pursuant to section 15.532 may claim a tax credit in an amount equal to the product of twenty-five cents multiplied by the number of gallons of sustainable aviation fuel produced in this state from feedstock. The sustaina…

1. For purposes of this section , “successful tax credit applicant” includes, with respect to each fiscal year, an eligible business that was issued a tax credit certificate for production of sustainable aviation fuel during that fiscal year. 2. The annual report under section 15…

Sections 15.530 , 15.531 , 15.532 , 15.533 , 15.534 , and this section are repealed January 1, 2037. 2025 Acts, ch 136, §124, 129, 130 Section applies retroactively to January 1, 2025, for tax years beginning on or after that date; 2025 Acts, ch 136, §130 NEW section

1. a. Economic development is a public purpose for which the state, a city, or a county may provide grants, loans, guarantees, tax incentives, and other financial assistance to or for the benefit of private persons. b. For purposes of this chapter , “economic development” means p…

1. a. If a member of the governing body of a city or county or an employee of a state, city, or county board, agency, commission, or other governmental entity of the state, city, or county has an interest, either direct or indirect, in a private person for which grants, loans, gu…

A person who engages in deception and knowingly makes or causes to be made, directly or indirectly, a false statement in writing, for the purpose of procuring economic development assistance from a state agency or political subdivision, for the benefit of the person or for whom t…

1. A good neighbor agreement is an enforceable contract between a business and a community group or coalition of community groups which requires the business to adhere to negotiated environmental, economic, labor, or other social and community standards. 2. For any program provid…

As used in this chapter , unless the context otherwise requires, “authority” means the economic development authority created in section 15.105 . 2002 Acts, ch 1119, §6 ; 2011 Acts, ch 118, §57, 89

The Iowa development commission is hereby authorized to form a corporation under the provisions of chapter 504, Code 1989 , for the purpose of receiving and disbursing funds from public or private sources to be used to further the overall development and well-being of the state. …

An Iowa wine, beer, and spirits promotion board is created. The board consists of four members appointed by the director of the authority. Each member shall serve a term of two years on the board. One member shall represent the authority, one member shall represent Iowa wine make…

1. The authority shall consult with the Iowa wine, beer, and spirits promotion board on the best means to promote wine, beer, and spirits made in Iowa. 2. The authority shall have the authority to contract with private persons for the promotion of beer, wine, and spirits made in …

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