Iowa HSB130 establishes a tax credit for quantum technology investments in the state.

Iowa HSB130 creates a tax credit for quantum technology investments against individual and corporate income taxes. The credit applies to eligible projects in quantum facilities, defined as primary locations where quantum business activities occur. Eligible projects must be placed in service before January 1, 2031, and applicants must have received a substantial federal grant. The bill limits the annual tax credit to $24 million and the total credit to $44 million. The Iowa Economic Development Authority administers the credit, issuing certificates upon approval.

Iowa HSB130 establishes a tax credit for quantum technology investments in the state.

Iowa HSB130 creates a tax credit for quantum technology investments against individual and corporate income taxes. The credit applies to eligible projects in quantum facilities, defined as primary locations where quantum business activities occur. Eligible projects must be placed in service before January 1, 2031, and applicants must have received a substantial federal grant. The bill limits the annual tax credit to $24 million and the total credit to $44 million. The Iowa Economic Development Authority administers the credit, issuing certificates upon approval.