Iowa administers 28 different state tax credits with an estimated total value of nearly $500 million, according to reserach done by Radio Iowa’s O.Kay Henderson.
In the wake of allegations of misconduct surrounding the state’s film tax credit program, Gov. Chet Culver said there needs to be a review of all tax credits that the state offers.
Henderson found a report by the Iowa Department of Revenue showing each of the tax credits and their potential cost. The programs range from credits to encourage the sale of biodiesel to credits for disaster recovery housing projects.
A list of all the credits offered, and the ones that have been repealed, is on Henderson’s blog.