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Proposed state tax incentives for billion-dollar projects passed, sent to governor

Posted on AllSides April 16th, 2024

Qualifying projects must have a total investment of at least $1 billion and be located on 250 acres or more DES MOINES — A $93 million package of state tax incentives designed specifically to entice billion-dollar economic development projects to Iowa was approved by state lawmakers Tuesday and needs just Gov. Kim Reynolds’ signature to become law. The proposed incentive program, which was designed by the state’s economic development agency, would be made available to projects in Iowa that invest at least $1 billion and span at least 250 acres....

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