Alternative Fuel Production Tax Credits

Archived: 08/07/2023

The High Quality Jobs Program offers state tax incentives to business projects for the production of biomass or alternative fuels. Incentives may include an investment tax credit equal to a percentage of the qualifying investment, amortized over five years; a refund of state sales, service, or use taxes paid to contractors or subcontractors during construction; an increase of the state’s refundable research activities credit; and a local property tax exemption of up to 100% of the value added to the property. For more information, refer to the High Quality Jobs Program website. (Reference Iowa Code 15.335 and 422.10)

Point of Contact
Business Finance Program Coordinator
Iowa Economic Development Authority
Phone: (515) 348-6161

Jurisdiction: Iowa

Type: State Incentives

Amended: May 1, 2014

Technologies: Biodiesel, Ethanol, EVs, Hydrogen Fuel Cells, Natural Gas, PHEVs, Propane (LPG)

See all Iowa Laws and Incentives.