Creates a two-tiered system of tax credits for these sites.An investor who redevelops a grayfield site is eligible for a tax credit in an amount equal to 12 percent of that investor's qualifying investment.An investor in a brownfield site is eligible for a tax credit for an amount equal to 24 percent.
The bill is effective Effective July 1, 2008
Welcome to Iowa ABI
Iowa Association of Business and Industry, "The Voice of Iowa Business since 1903" is the largest business network in the state(serving as Iowa's State Chamber) with long legacy of advocating for a competitive business climate in Iowa. Offering its members opportunities to network, learn best practices in Lean Processes, Workforce, Workers' Compensation, Controlling Health Care Costs, Employee Drug Testing Environmental Issues and Leadership ABI works, "To foster a favorable business, economic, governmental and social climate within the State of Iowa so that our citizens have the opportunity to enjoy the highest possible quality of life."
Iowa Association of Business and Industry The Voice of Iowa Business Since 1903
904 Walnut St., Suite 100
Des Moines, IA 50309-3503
515-280-8000 or 800-383-4224 Fax 515-244-8907
E-Mail: abi@iowaabi.org | Web: www.iowaabi.org
