Targeted Jobs Withholding Tax Credit
Funds workforce growth in selected Iowa cities through payroll-withholding allocations matched by participating municipalities.
Iowa's Targeted Jobs Withholding Tax Credit is a pilot program administered by the Iowa Economic Development Authority (IEDA) that allows employers in five designated cities to redirect up to 3% of gross employee wages quarterly into a dedicated project budget, with the designated city providing matching funds. The program is capped at a maximum agreement term of 10 years per project. Eligible cit…
Allows employers in five designated Iowa cities to redirect up to 3% of gross employee wage withholding quarterly to a project budget, matched by the city, to support job creation and business investment.
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