Iowa's corporate income tax structure offers significant advantages, including:
50% deductibility of federal taxes from Iowa corporate income. Iowa is one of only five states that offers this important deductible.
A single-factor, nonunitary tax-Iowa's tax is based only on the percentage of total sales income within the state.
Iowa's corporate income tax can also be reduced or eliminated by the New Jobs Tax Credit, High Quality Job Creation Program or Enterprise Zone Benefits.
