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Iowa

Main Points of IA Film Incentive Law

  • Transferable Iowa income tax credit based on 25% of qualified in-state expenditures to go to "Producer"
  • Transferable Iowa income tax credit based on 25% of qualified in-state expenditures to go to "Investor".
  • 100% income exclusion to Iowa-based companies or Iowa resident individuals for monies earned from certified projects.
  • There will be a minimum in-state spend of $100,000 based exclusively on Iowa-based companies or Iowa resident individuals.
  • Details of the program are to be determined but there will be an application / certification process followed by a claims submission process. These details will be based on existing industry examples.

 
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