Business Property Tax Credit

The Iowa Business Property Tax Credit applies to commercial, industrial, and railroad properties. It was created as a component of a reform package signed into law in June, 2013 (Iowa Acts Senate File 295) which aims, among other things, to incentivize small business growth and roll back the taxable value of certain properties.

The individual credit amounts granted will depend on the value of all property units and the average consolidated rates in each unit. “Property units,” for these purposes, are defined as contiguous parcels a) with the same classification b) owned by the same person and c) operated by that person for a common use and purpose.

Application for Business Property Tax Credit (PDF)