Iowa Code § 15.522
This is the official text of Iowa Code § 15.522, 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.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Eligible businesses and sectors.
Official statutory text
(1) The tax credit available pursuant to this part shall be available only to a business primarily engaged in any of the following:
(1) (a) Advanced manufacturing.
(1) (b) Bioscience.
(1) (c) Insurance and finance.
(1) (d) Technology and innovation.
(2) For a business described in subsection 1, the sectors available for the credit may include the following:
(2) (a) Second-generation food innovation.
(2) (b) Food ingredients and supplements.
(2) (c) Crop protection.
(2) (d) Hybrid seed technologies.
(2) (e) Diagnostic analytics and immunotherapies.
(2) (f) Chip technologies and microelectronics.
(2) (g) Medical equipment and supplies.
(2) (h) Software and technology.
(2) (i) Aerospace.
(2) (j) Pharmaceuticals.
(2) (k) Consumer products.
(2) (l) Any additional sectors included by the authority by rule.
(3) A business that shall not be considered to be engaged in advanced manufacturing, bioscience, insurance and finance, or technology and innovation under subsection 1, and thus is not eligible for the credit, includes but is not limited to all of the following:
(3) (a) A business engaged in agriculture production as defined in section 423.1.
(3) (b) A business that is a contractor, subcontractor, builder, or a contractor-retailer that engages in commercial and residential repair and installation, including but not limited to heating or cooling installation and repair, plumbing and pipe fitting, security system installation, and electrical installation and repair. For purposes of this paragraph, “contractor-retailer” means a business that makes frequent retail sales to the public or to other contractors and that also engages in the performance of construction contracts.
(3) (c) A finance or investment company.
(3) (d) A retailer.
(3) (e) A wholesaler.
(3) (f) A transportation company.
(3) (g) An ethanol biorefinery.
(3) (h) An agricultural cooperative association as defined in section 502.102.
(3) (i) A real estate company.
(3) (j) A collection agency.
(3) (k) An accountant.
(3) (l) An architect.
(3) (m) A publisher.
2025 Acts, ch 136, §110, 118
(1) (a) Advanced manufacturing.
(1) (b) Bioscience.
(1) (c) Insurance and finance.
(1) (d) Technology and innovation.
(2) For a business described in subsection 1, the sectors available for the credit may include the following:
(2) (a) Second-generation food innovation.
(2) (b) Food ingredients and supplements.
(2) (c) Crop protection.
(2) (d) Hybrid seed technologies.
(2) (e) Diagnostic analytics and immunotherapies.
(2) (f) Chip technologies and microelectronics.
(2) (g) Medical equipment and supplies.
(2) (h) Software and technology.
(2) (i) Aerospace.
(2) (j) Pharmaceuticals.
(2) (k) Consumer products.
(2) (l) Any additional sectors included by the authority by rule.
(3) A business that shall not be considered to be engaged in advanced manufacturing, bioscience, insurance and finance, or technology and innovation under subsection 1, and thus is not eligible for the credit, includes but is not limited to all of the following:
(3) (a) A business engaged in agriculture production as defined in section 423.1.
(3) (b) A business that is a contractor, subcontractor, builder, or a contractor-retailer that engages in commercial and residential repair and installation, including but not limited to heating or cooling installation and repair, plumbing and pipe fitting, security system installation, and electrical installation and repair. For purposes of this paragraph, “contractor-retailer” means a business that makes frequent retail sales to the public or to other contractors and that also engages in the performance of construction contracts.
(3) (c) A finance or investment company.
(3) (d) A retailer.
(3) (e) A wholesaler.
(3) (f) A transportation company.
(3) (g) An ethanol biorefinery.
(3) (h) An agricultural cooperative association as defined in section 502.102.
(3) (i) A real estate company.
(3) (j) A collection agency.
(3) (k) An accountant.
(3) (l) An architect.
(3) (m) A publisher.
2025 Acts, ch 136, §110, 118
Status: in_force · Read it on the official government site
Need a lawyer in Iowa?
Find a Iowa lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.