Corporate Taxes


so we eliminate the following business tax burdens:

No sales or use tax on industrial machinery/equipment/computers

No sales tax on purchases of electricity or natural gas used directly in the manufacturing process

No property tax on manufacturing machinery/equipment/computers

Personal Property Tax - Iowa does not tax personal property

Inventory Tax - Personal property includes corporate inventories of goods-in-process, raw materials and salable goods, so you won't be taxed here either.

Corporate Income Tax - We offer the benefits of a single-factor, non-unitary tax. Iowa's tax is based only on the percentage of total sales income within the state. Multiple tax credit programs and a 50 percent deductibility of federal taxes further reduces the state's corporate tax.

Iowa State Sales Tax - The tax is imposed on gross receipts from sales of taxable tangible personal property and taxable (enumerated) services. Exceptions include industrial machinery, equipment and computers

More on Iowa's tax policies

Iowa Property Tax overview

Iowa Sales & Use tax

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