WebHousing development located on a brownfield or grayfield site Definitions for grayfield and brownfield can be found at Administrative Rule 261-48.3 ... • State income tax credit of up to 10% of the first $150,000 per unit (maximum $15,000 tax credit per unit) • Additional refund of sales and use taxes on project WebThe tax credit equals 5% of the amount paid to the taxpayer under a cash rent agreement or 15% of the crop share payments under the agreement using the formula established in administrative rule by the Iowa Finance Authority.

How to Claim the Iowa Brownfield Grayfield Tax Credits

WebTax credits of up to 24% for qualifying costs of a brownfield project and 30% if the project meets green building requirements. Tax credits of up to 12% of qualifying costs of a grayfield project and 15% if the project … WebA Grayfield project can receive tax credits of up to 12% of qualifying costs and 15% if the project meets green building requirements. >> Tax credits are available on a first come … unl vs buffalo football

Seven projects get $5.6 million in IEDA tax credits

WebOct 24, 2024 · The IEDA board granted the developer a maximum tax credit of up to $1.5 million. The complex will be part of a series of projects that is turning Keosauqua Way … WebThe tax credits include an Investment tax credit against your Iowa corporate income tax liability; a refund on construction-related sales tax; and an increase in the Iowa statutory research activities tax credit, which is refundable if you don’t have an Iowa corporate income tax liability. The wage threshold for this program has recently increased. WebThe council reviews and scores applications submitted to the Brownfield and Grayfield Redevelopment Tax Credit Program with the purpose of making a recommendation to the IEDA board for final approval of awards. The committee meets annually or as needed to review applications and amendments. unlv screenwriting