Main Banner

Incentives Directory

Brownfield/Grayfield Tax Credit Program « Back to Search Results

Category: Iowa State Incentives, Tax Incentives


The Brownfield/Grayfield Tax Credit Program offers qualifying projects tax credits of up to 24% for qualifying costs of a Brownfield project and 30% if the project meets green building requirements. “Grayfield” is also included in the tax credit program. A Grayfield project (see administrative rules for specific definition) can receive tax credits of up to 12% of qualifying costs and 15% if the project meets green building requirements. Tax credits are available on a first come first served basis, with a maximum tax credit per project of $500,000 and a $5,000,000 maximum for each fiscal year. An audit of qualifying expenses from an independent Iowa certified public accountant is required prior to issuance of all tax credit certificates.


DOWNLOADS


CONTACTS

Matt Rasmussen
Phone: 515.725.3126
brownfields@iowa.gov
http://www.iowaeconomicdevelopment.com/business/brownfield_grayfield.aspx


Fast Fact Image

"After attending Iowa State University, I left Iowa for other cities around the country. I came back to Southeastern Iowa because I haven't found a better place to raise my children."

Chris Ball, Entrepreneur and Business Owner