Iowa Admin. Code r. 261-115.3

Current through Register Vol. 47, No. 8, October 30, 2024

Rule 261-115.3 - Cash investments required

In order to qualify for a tax credit under this chapter, the taxpayer's investment must be made in the form of cash to purchase equity in a qualifying business. Convertible debt shall only be considered an investment in the form of cash to purchase equity as of the date of conversion.

Iowa Admin. Code r. 261-115.3

ARC 0009C, lAB 2/8/12, effective 3/14/12

Amended by IAB May 25, 2016/Volume XXXVIII, Number 24, effective 6/29/2016

Amended by IAB March 9, 2022/Volume XLIV, Number 18, effective 4/13/2022