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Iowa’s Tax Incentive Programs Used by Biofuel Producers Tax Credits Program Evaluation Study

  • Jin, Zhong
  • Teahan, Brittany

Executive Summary: Iowa offers several tax incentive programs that have been utilized by biofuel producers. The tax credit programs include the Enterprise Zone Program (EZ), the New Jobs and Income Program (NJIP), the New Capital Investment Program (NCIP), and the High Quality Job Creation Program (HQJCP). The NJIP and NCIP were replaced by HQJCP on July 1, 2005, but claims under NJIP and NCIP contracts can still be made. The EZ, NJIP, and HQJCP allow biofuel producers to claim a ten percent Investment Tax Credit. The NCIP provides a five percent Investment Tax Credit. All four programs offer a sales and use tax refund and a supplemental Research Activities Tax Credit. The EZ and NJIP also provide a supplemental Iowa Industrial New Job Training Program (260E) withholding tax credit. All four programs were not established specifically to support the biofuel industry but rather to help the State of Iowa promote general business investments. The major findings of the study are:...

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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 14795.

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Date of creation: 31 Mar 2009
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Handle: RePEc:pra:mprapa:14795
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  5. Simon Gilchrist & Charles P. Himmelberg, 1995. "Evidence on the Role of Cash Flow for Investment," Working Papers 95-01, New York University, Leonard N. Stern School of Business, Department of Economics.
  6. Sarah A. Low & Andrew M. Isserman, 2009. "Ethanol and the Local Economy," Economic Development Quarterly, , vol. 23(1), pages 71-88, February.
  7. Thomas Philippon, 2006. "The Bond Market's q," NBER Working Papers 12462, National Bureau of Economic Research, Inc.
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