City councils or county boards of supervisors may use the property taxes resulting from the increase in taxable valuation caused by the construction of new industrial or commercial facilities to provide economic development incentives to a business or industry. Tax Increment Financing may be used to offset the cost of public improvements and utilities that will serve the new private development, to finance direct grants or loans to a company, or to provide the local match for federal or state economic development assistance programs.

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