NEW JOBS TAX CREDIT

Category: IA State Programs, Business Incentives

ASSISTING BUSINESSES AND EXPANDING EMPLOYMENT OPPORTUNITIES

This one-time, corporate income tax credit is available to participants in the New Jobs Training (260E) Program. Iowa offers this credit as an incentive for businesses that provide additional training to employees and expand their workforce.

• Maximum tax credit in 2018 is $1,794 per new employee
• Tax credit amount depends upon wages paid and the year in which the tax credit is first claimed
• Unused tax credits may be carried forward for up to 10 years

Eligibility

• Must be entered in a New Jobs Training (260E) agreement
• Must commit to expand their Iowa employment base by 10% or more

How to Apply

• Tax credit may be claimed on Form IA 133 found on the Iowa Department of Revenue Website 

Related Programs

Iowa Industrial New Jobs Training (260E)