Iowa § 15.505 - 15.505 Applications — authorization of tax credits and exemptions.
Full text of Iowa Iowa Code § 15.505 — 15.505 Applications — authorization of tax credits and exemptions., with citation guidance and answers to common questions.
§ 15.505. 15.505 Applications — authorization of tax credits and exemptions.
1. a. Applications for the program shall be submitted to the authority in the form and manner prescribed by the authority by rule. Each application must be accompanied by an application fee in an amount determined by the authority by rule. b. For a proposed project that will result in elevated water consumption by the business, the application shall be accompanied by a water conservation and waste reduction plan, and shall be submitted to the authority in the form and manner prescribed by the authority by rule. 2. In determining the eligibility of a business to participate in the program, the authority may engage outside experts to complete a technical, financial, or other review of an application submitted by a business. 3. a. The authority and the board may negotiate with an eligible business regarding the terms of, and the aggregate value of, the tax incentives the eligible business may receive under the program. The maximum aggregate value of the tax incentives that any one eligible business may receive shall not exceed five percent of the eligible business’s qualifying investment, unless the eligible business’s project is located in a rural county, in which case the maximum aggregate value of tax incentives that any one eligible business may receive shall not exceed seven and one-half percent of the eligible business’s qualifying investment. For purposes of this paragraph, “rural county” means a county in the state with a population of twenty thousand or less based on the most recent decennial census released by the United States census bureau. b. The board may authorize any combination of tax incentives available under the program for an eligible business. 4. The board shall not authorize an award under this part before January 1, 2026. 2025 Acts, ch 136, §12, 20 Referred to in §15.506, 15.507, 15.508 NEW section Wed Dec 10 22:04:44 2025 Iowa Code 2026, Section 15.505 (4, 4)
Source: official Iowa text · Last verified 2026-08-27
Frequently Asked Questions About Iowa § 15.505
What does Iowa Code § 15.505 cover?
Section 15.505 ("15.505 Applications — authorization of tax credits and exemptions.") is part of the Iowa Code, the codified statutory law of Iowa. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Iowa § 15.505?
A common citation format is "Iowa Code § 15.505" (Iowa). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Iowa law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Iowa official source linked on this page or consult a licensed Iowa attorney.
How does Iowa § 15.505 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Iowa can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Iowa.