A business entering into an agreement under the Iowa New Jobs Training Program and increasing its Iowa workforce by at least 10 percent will qualify for this Iowa corporate income tax credit. This tax credit is equal to up to six percent of the state's unemployment insurance taxable wage base. The maximum credit for 2004 is $1,182 per new position created and for 2005 will be $1,224. The credit may be taken only once; however, unused credits can be carried forward for up to 10 years.

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