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IA
Iowa Renewable Chemical Production Tax Credit
Iowa offers tax credits to businesses producing eligible renewable chemicals from biomass feedstocks in the state.
About this program
The Iowa Renewable Chemical Production Tax Credit supports businesses that produce high-value renewable chemicals in Iowa from biomass feedstocks. Eligible producers can receive a credit based on pounds of qualified renewable chemicals produced, subject to program limits and certification requirements. The program is intended to grow Iowa's biobased chemical and advanced manufacturing economy.
Eligibility
Businesses producing qualified renewable chemicals in Iowa from eligible biomass feedstocks may apply for tax credit certification.
Requirements
- Business must produce qualified renewable chemicals in Iowa.
- Chemicals must be produced from eligible biomass feedstocks and meet program definitions.
- Applicant must apply for certification through the Iowa Economic Development Authority.