Iowa Code § 15.521
This is the official text of Iowa Code § 15.521, part of Iowa’s Code — part of the compiled statutory law of Iowa, published by the state as "Code." Browse the sections below, each linked to its official government source.
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Definitions.
Official statutory text
As used in this part, unless the context otherwise requires:
(1) “Eligible expenditures” means qualified research expenses under section 41 of the Internal Revenue Code, to the extent the expenditures occurred in this state.
(2) “Qualified business” means a business certified by the authority as eligible to claim the research and development tax credit.
(3) “Qualified research and development” means a systematic activity that combines basic and applied research in an attempt to discover solutions to new or existing problems, or to create or update goods and services. “Qualified research and development” includes a set of innovative activities undertaken by an eligible business in developing new services or products, and in improving existing ones.
2025 Acts, ch 136, §109, 118
(1) “Eligible expenditures” means qualified research expenses under section 41 of the Internal Revenue Code, to the extent the expenditures occurred in this state.
(2) “Qualified business” means a business certified by the authority as eligible to claim the research and development tax credit.
(3) “Qualified research and development” means a systematic activity that combines basic and applied research in an attempt to discover solutions to new or existing problems, or to create or update goods and services. “Qualified research and development” includes a set of innovative activities undertaken by an eligible business in developing new services or products, and in improving existing ones.
2025 Acts, ch 136, §109, 118
Status: in_force · Read it on the official government site
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