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Renewable Chemical Production Tax Credit

Renewable Chemical Production Tax Credit

Offers Iowa producers a tax credit for biomass-derived high-value chemical manufacturing output.

ClosedIowa Economic Development AuthorityUnited StatesOperations in Iowa

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.

CycleiHow often this grant runs — e.g. annually, on a rolling basis, or a one-off call.Annual
Next deadlineiThe next date applications are due. Rolling means you can apply any time.—
Decision timeiTypical time from the deadline to the funder's decision.—
Project durationiHow long the funded work is expected to run.—
Award typeiThe form of funding — grant, equity, loan, tax credit, etc.Tax credit
Match fundingiThe share of project costs you must cover yourself. 0% = fully funded.0%
Funding pooliThe total budget available across all awards in this round.—

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Last verified: 24 Jul 2026Source: opportunityiowa.gov