New Jobs Tax Credit

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 2017 is $1,758 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

Program Contact(s)

Beth Balzer
515.348.6195
businessfinance@iowaeda.com

 

 

 
Iowa Economic Development Authority
200 East Grand Avenue
Des Moines, Iowa 50309
Phone: 1.515.725.3000
email: Email Us

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