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Home » Public Policy » Legislative Action and Information » 2011 Legislative Session Summary » Taxes » Brownfields/Grayfields Tax Credit

Brownfields/Grayfields Tax Credit

Bill # SF 514
Bill Name Brownfields/Grayfields Tax Credit
House Action Passed 92-1
Senate Action Passed 49-0
Final Action

Signed
Details
Revives the brownfield/grayfield tax credit program providing tax credits for re-development of economically blighted property pursuant to Iowa Code sections 15.293A and 15.293B.  Brownfields have environmental issues, grayfields do not.  Allows $5 million to be used on brownfield properties from greater tax credit cap.

**Retroactive enactment to January 1, 2011.

 
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