Iowa HF1054 modifies tax credit programs, establishes new incentives, and repeals existing credits.

Iowa HF1054 introduces significant changes to the state's tax credit programs. It repeals the assistive device tax credit, employer child care tax credits, and several other tax credits, effective from January 1, 2026, to January 1, 2031. The bill creates new tax credit programs, including the business incentives for growth program, the seed investor tax credit program, the Iowa film production incentive program, the research and development tax credit program, and the sustainable aviation fuel production tax credit program.

Iowa HF1054 modifies tax credit programs, establishes new incentives, and repeals existing credits.

Iowa HF1054 introduces significant changes to the state's tax credit programs. It repeals the assistive device tax credit, employer child care tax credits, and several other tax credits, effective from January 1, 2026, to January 1, 2031. The bill creates new tax credit programs, including the business incentives for growth program, the seed investor tax credit program, the Iowa film production incentive program, the research and development tax credit program, and the sustainable aviation fuel production tax credit program.