Call for Applications- Redevelopment Tax Credit Program for Brownfields and Grayfields
The Iowa Economic Development Authority is pleased to announce that applications are now being accepted for the Redevelopment Tax Credit Program for Brownfields and Grayfields. Please note that all applications must be received at IEDA by 4:30pm September 1, 2015.
The current application can be found online in the Resources box near the bottom of the web page at http://www.iowaeconomicdevelopment.com/Regulatory/brownfield
Notable changes to the program include:
- applications will no longer be considered on a first come, first served basis.
- complete applications will be scored with a maximum number of points of 25 each for feasibility, financial need and overall quality of a project. Projects that were previously registered with the program but did not receive an award will receive an additional 25 points.
- tax credits can be refundable to certain qualifying non-profit organizations if it is established with the application.
- applications will be accepted annually beginning July 1 with a September 1 deadline.
Iowa Administrative Rules that guide the program can also be found online at: https://www.legis.iowa.gov/docs/aco/chapter/261.65.pdf.
Iowa Code regarding the program is contained in sections 15.291, 15.292, 15.293, 15.293A, 15.294, 15.295. Search and browse Iowa Code or Iowa Administrative rules online at: https://www.legis.iowa.gov/law/statutory.
Call Program Manager Matt Rasmussen: 515-725-3126 or email firstname.lastname@example.org with questions.