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Renewable Chemicals Production Tax Credit

Turning biomass into business

Iowa offers the first in the nation Renewable Chemicals Production Tax Credit. The program incentivizes the production of 30 high-value chemicals derived from biomass feedstocks. According to the U.S. Department of Agriculture, the credit represents the “strongest” incentive package for the bio-based chemical industry.

Iowa developed the program to capitalize on its resources and infrastructure and to capture the renewable chemical manufacturing industry; it addresses the unique opportunity to advance Iowa’s economy by focusing on the development of biomass as feedstocks for the production of renewable chemicals.

  • Annual limits of $1 million for startups and $500,000 for established businesses
  • Incentivizes production based on weight ($0.05 per pound produced)

How to Apply

  • Applications accepted February 15-March 15, 2018, for chemicals produced in calendar year 2017
  • APPLY NOW! Application available at https://rcp-taxcredit.iowa.gov. Select sign in, which is located in the upper right corner, to create an account to begin the application.
Program Contact(s)

Mark Laurenzo
515.348.6191
opportunities@iowaeda.com

 

 

 
Iowa Economic Development Authority
200 East Grand Avenue
Des Moines, Iowa 50309
Phone: 1.515.348.6200
email: Email Us

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