Renewable Chemical Production Tax Credit
Offers Iowa producers a tax credit for biomass-derived high-value chemical manufacturing output.
Iowa's Renewable Chemical Production Tax Credit, administered by the Iowa Economic Development Authority, incentivizes the domestic production of 30 designated high-value chemicals derived from biomass feedstocks. The state designates these chemicals in recognition of Iowa's agricultural infrastructure and its goal to advance renewable chemical manufacturing as an economic sector. The production i…
Provides a $0.05-per-pound Iowa tax credit for production of 30 designated high-value chemicals derived from biomass feedstocks, capped at $1 million per year for startup companies.
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