BUSINESS CLIMATE

Iowa's corporate tax law is specifically designed to provide your business with a distinct operational advantage.  These programs and others create a positive and profitable business environment, making the choice easier for your business.  And in Mid Iowa, it only gets better!

Statistical Comparison's (business climate, quality of life, education, etc.):
Midwest, Northeast, South Central and Western States vs. Iowa.  (Links to attached pdf's)
- Iowa Corporate Income Tax

• Fifty percent deductibility of federal taxes from Iowa corporate income tax.
• Single-factor, non-unitary tax.
• Iowa corporate income tax may be reduced or eliminated by Iowa’s Tax Incentive Programs,

- No Sales or Use Tax on Manufacturing Machinery and Equipment Purchases
- No Property Tax on New Industrial Machinery and Equipment
- No Personal Property (Inventory) Tax

Unemployment Insurance - Iowa has one of the lowest, new employer, unemployment insurance rates in the nation. The rate for all non-construction businesses is 1% for a 3-year period.  Iowa offers a zero rate for good experience; approximately 45% of Iowa employers are at a zero rate.

Workers' Compensation Cost - Iowa's workers' compensation costs are among the nation’s lowest.  The average cost of worker’s compensation for manufacturer’s in Iowa is 25% lower than the national average. 

To Learn More:  Business Advantages