Iowa law allows cities and counties to abate local property taxes for value added to industrial real estate. The maximum amount of actual value added at a new or expanded facility which is eligible to be exempt from taxation is:

Year One: 75 percent
Year Two: 60 percent
Year Three: 45 percent
Year Four: 30 percent
Year Five: 15 percent

Other Tax Incentives:
Iowa Corporate Income Tax
No Sales or Use Tax on Manufacturing Machinery and Equipment
No Property Tax on New Industrial Machinery and Equipment
No Personal Property (Inventory) Tax
New Jobs and Income Programs
Local Tax Abatement
Tax Increment Financing
Pollution Control or Recycling Property Tax Exemption
Unemployment Insurance
New Jobs Tax Credit
Research and Development Tax Credit
Assistive Device Tax Credit