Iowa Creates, Eliminates, Modifies Caps on Various Tax Credits

The Iowa Governor signed a law concerning state taxation, finance, and other matters. The law includes: 1) modifying tax credit caps for the Iowa Economic Development Authority; 2) creating the Seed Investor Tax Credit Program, the Research and Development Tax Credit Program, and the Sustainable Aviation Fuel Production Tax Credit Program; and 3) eliminating the Investments in Qualifying Business (Angel Investor) Tax Credit, the Employer Child Care Tax Credits, and the Research Activities Tax Credits. The law generally takes effect on July 1. [S.F. 657, enacted 06/06/25]

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