Iowa bill modifies economic development and finance authority programs, including tax credits, cultural initiatives, and title guaranty.

The bill revises various programs under the purview of the Iowa economic development authority and the Iowa finance authority. It eliminates the brownfield redevelopment program and its fund, and changes the process for awarding redevelopment tax credits. The bill creates an arts and culture enhancement fund to replace the Iowa cultural trust, and transfers remaining funds from the Iowa cultural trust fund and other related funds to this new enhancement fund. It also modifies the historic preservation tax credit program, including extending the deadline for project completion.

Iowa bill modifies economic development and finance authority programs, including tax credits, cultural initiatives, and title guaranty.

The bill revises various programs under the purview of the Iowa economic development authority and the Iowa finance authority. It eliminates the brownfield redevelopment program and its fund, and changes the process for awarding redevelopment tax credits. The bill creates an arts and culture enhancement fund to replace the Iowa cultural trust, and transfers remaining funds from the Iowa cultural trust fund and other related funds to this new enhancement fund. It also modifies the historic preservation tax credit program, including extending the deadline for project completion.