Iowa Admin. Code r. 261-81.7

Current through Register Vol. 47, No. 6, September 18, 2024

Rule 261-81.7 - Claiming the tax credit

(1)Maximum tax credit claimed. An eligible business that has entered into an agreement pursuant to rule 261-81.5 (15) and been issued a tax credit certificate pursuant to subrule 81.6(1) may claim a tax credit as described in Iowa Code section 15.319(1) as amended by 2023 Iowa Acts, Senate File 575.

(2)Claiming the credit. To receive the tax credit, an eligible business shall file a claim in accordance with any applicable administrative rules adopted by the department of revenue.

Adopted by IAB March 29, 2017/Volume XXXIX, Number 20, effective 5/3/2017

Amended by IAB January 10, 2024/Volume XLVI, Number 14, effective 2/14/2024