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New Jobs Tax Credit (Iowa)

Eligibility 
Agricultural
Commercial
Construction
Fuel Distributor
Industrial
Installer/Contractor
Institutional
Investor-Owned Utility
Municipal/Public Utility
Nonprofit
Retail Supplier
Rural Electric Cooperative
Schools
Systems Integrator
Transportation
Utility
Savings Category 
Fuel Cells
Photovoltaics
Program Info
State 
Iowa
Program Type 
Corporate Tax Incentive
Training/Technical Assistance
Provider 
Iowa Economic Development Authority

The Iowa New Jobs Tax Credit is an Iowa corporate income tax credit and is available to a company that has entered into a New Jobs Training Agreement (260E) and expands their Iowa employment base by ten percent or more.

The amount of this one-time tax credit will depend upon the wages a company pays and the year in which the tax credit is first claimed. The maximum tax credit in 2013 will be $1,560 per new employee. Unused tax credits may be carried forward up to ten years. The tax credit may be claimed on Form IA 133 found on the Iowa Department of Revenue Website.