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Iowa weighs curbing data center incentives and revamping tax credits
Iowa legislators and the IEDA consider ending 20 year data center abatements and replacing uncapped research credits with a new $40 million cap. Proposals also sunset the Angel Investment Credit, create a Seed Investor program, and expand credits for aviation fuel while piloting in state film incentives. Officials caution on fiscal impact amid mixed economic signals.
MENTIONED IN THIS ARTICLE
Meta
Iowa
Durham
IEDA
Cedar Rapids
Iowa Department of Revenue
The
Iowa Department of Economic Development
Chet Culver
Terry Branstad
Ray Sorenson