Skip to main content
Find a Lawyer

Iowa Code Title I. State Sovereignty and Management [Chs. 1-38D] § 15.317. Eligibility requirements

Current as of January 01, 2024 | Updated by Findlaw Staff

<Section 15.317 is repealed effective July 1, 2039, pursuant to the terms of § 15.322.>

To be eligible to receive the renewable chemical production tax credit pursuant to the program, a business shall meet all of the following requirements:

1. The business is physically located in this state.

2. The business is operated for profit and under single management.

3. The business is not an entity providing professional services, health care services, or medical treatments or is not an entity engaged primarily in retail operations.

4. The business organized, expanded, or located in the state on or after April 6, 2016.

5. The business shall not be relocating or reducing operations as follows, and as determined under the discretion of the authority:

a. The business shall not be solely relocating operations from one area of the state.  A project that does not create new jobs or involve a substantial amount of new capital investment shall be presumed to be a relocation.  In determining whether a business is solely relocating operations for purposes of this paragraph, the authority shall consider a letter of support for the move from the affected local community.

b. The business shall not be in the process of reducing operations in one community while simultaneously applying for the program.  For purposes of this paragraph, a reduction in operations within twelve months before or after an application is submitted to the authority shall be presumed to be a reduction in operations while simultaneously applying for assistance under the program.

c. This subsection shall not be construed to prohibit a business from expanding its operation in a community if existing operations of a similar nature in this state are not closed or substantially reduced.

6. The business is in compliance with all agreements entered into under this program or other programs administered by the authority.

Previous Part of Code Next Part of Code
Back to Chapter List

Cite this article: FindLaw.com - Iowa Code Title I. State Sovereignty and Management [Chs. 1-38D] § 15.317. Eligibility requirements - last updated January 01, 2024 | https://codes.findlaw.com/ia/title-i-state-sovereignty-and-management-chs-1-38d/ia-code-sect-15-317/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

Was this helpful?

Welcome to FindLaw's Cases & Codes

A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.

Go to Learn About the Law

Latest Blog Posts

For Legal Professionals

Learn About The Law

Get help with your legal needs

FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.

Go to Learn About the Law

Need to Find an Attorney?

Search our directory by legal issue

Enter information in one or both fields (Required)

Copied to clipboard