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IA

Iowa Research and Development (R&D) Tax Credit – Advanced Manufacturing

Refundable Iowa tax credit for qualified R&D expenditures available to businesses primarily engaged in advanced manufacturing; certified by IEDA and allocated on a pro rata basis; excess credit is refunded in cash if it exceeds Iowa income taxes owed.

About this program

Visit the program website for full details.

Eligibility

Iowa businesses primarily engaged in advanced manufacturing, bioscience, insurance and finance, or technology and innovation that are actively investing in qualified R&D within Iowa; must be certified by IEDA.

Requirements

  • Primarily engaged in advanced manufacturing or other eligible sector
  • Actively investing in qualified R&D within Iowa
  • Apply for and receive IEDA certification