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New Jobs Tax Credit

Category: Iowa State Incentives, Tax Incentives

The Iowa New Jobs Tax Credit is an Iowa corporate income tax credit and is available to a company that has entered into a New Jobs Training Agreement (260E) and expands their Iowa employment base by 10% or more.

The amount of this one-time tax credit will depend upon the wages a company pays and the year in which the tax credit is first claimed. The maximum tax credit in 2011 will be $1,482 per new employee. Unused tax credits may be carried forward up to ten years.