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Tax CreditIowaActiveVerified

Iowa Research Activities Tax Credit

Iowa Economic Development Authority (IEDA)IA-RATC
Max per Applicant

Varies

Maximum a single org can receive

Deadline

Rolling / No deadline

Jurisdiction

Iowa

About This Program

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.

Key Requirements & Eligibility

  • 1Research must meet the federal Section 41 qualified research definition
  • 2Credit: 6.5% of Iowa-based qualified research expenses
  • 3Refundable: excess credits paid in cash if they exceed tax liability
  • 4University partnership credit: additional 10% for research conducted with Iowa universities
  • 5Must file Iowa Form IA 128 with annual tax return

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Apply or Learn More

Visit the official page to review full eligibility requirements and apply.

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Applicable Industries

TechnologyBiotech & Life SciencesManufacturingAgriculture & Rural
Official Source