Iowa HF112 increases the maximum annual gross income for a business to qualify as a targeted small business from $4 million to $200 million.

Iowa HF112 amends the definition of a "targeted small business" to allow businesses with an annual gross income of less than $200 million to qualify. Previously, the maximum was $4 million. This change affects businesses owned, operated, and managed by women, minority persons, service-disabled veterans, or persons with a disability. The bill also specifies that these businesses must be located in Iowa, operated for profit, and under single management.

Iowa HF112 increases the maximum annual gross income for a business to qualify as a targeted small business from $4 million to $200 million.

Iowa HF112 amends the definition of a "targeted small business" to allow businesses with an annual gross income of less than $200 million to qualify. Previously, the maximum was $4 million. This change affects businesses owned, operated, and managed by women, minority persons, service-disabled veterans, or persons with a disability. The bill also specifies that these businesses must be located in Iowa, operated for profit, and under single management.