Varies
Amount varies
Tax Credit
Reduces tax liability
Rolling
No fixed cutoff
Annual tax return
Claim with year-end filing
Moderate
File with tax return
Refundable Iowa tax credit for qualified research expenses incurred in Iowa, providing a 6.5% credit on the federal qualifying research expenditures with an enhanced rate for university partnerships.
Do I qualify?
Answer the questions below to get an instant self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.
1.Research must meet the federal Section 41 qualified research definition
2.Credit: 6.5% of Iowa-based qualified research expenses
3.Refundable: excess credits paid in cash if they exceed tax liability
4.University partnership credit: additional 10% for research conducted with Iowa universities
5.Must file Iowa Form IA 128 with annual tax return
NDED · Nebraska
Refundable income tax credits and sales tax exemptions for Nebraska businesses making significant capital investments and creating quality jobs, with tiered benefits based on investment and job levels.
KCED · Kentucky
Provides tax incentives to new and expanding Kentucky businesses creating jobs and investing capital, including wage assessments, income tax credits, and sales tax savings on construction materials.
ACCD · Vermont
Cash incentive payments for Vermont businesses creating new qualifying jobs, calculated as a share of new payroll and capital investment over a 5-year period.