NO ONE GETS EXCITED ABOUT PAYING 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 saleable 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.
lowa State Sales Tax - We don't tax industrial machinery, equipment and computers. The tax is imposed on gross receipts from sales of taxable tangible personal property and taxable (enumerated) services.
More on lowa's tax policies
lowa property tax overview
lowa Sales & Use tax
Register your corporation