Iowa § 15.521 - 15.521 Definitions.
Full text of Iowa Iowa Code § 15.521 — 15.521 Definitions., with citation guidance and answers to common questions.
§ 15.521. 15.521 Definitions.
As used in this part, unless the context otherwise requires: 1. “Eligible expenditures” means qualified research expenses under section 41 of the Internal Revenue Code, to the extent the expenditures occurred in this state. 2. “Qualified business” means a business certified by the authority as eligible to claim the research and development tax credit. 3. “Qualified research and development” means a systematic activity that combines basic and applied research in an attempt to discover solutions to new or existing problems, or to create or update goods and services. “Qualified research and development” includes a set of innovative activities undertaken by an eligible business in developing new services or products, and in improving existing ones. 2025 Acts, ch 136, §109, 118 NEW section Wed Dec 10 22:04:52 2025 Iowa Code 2026, Section 15.521 (4, 4)
Frequently Asked Questions About Iowa § 15.521
What does Iowa Code § 15.521 cover?
Section 15.521 ("15.521 Definitions.") 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 § 15.521?
A common citation format is "Iowa Code § 15.521" (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 § 15.521 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.