A bill for an act relating to matters under the purview of the economic development authority, the utilities commission, and the department of education, including creation of the headquarters expansion and development for growth and employment program, and the business incentives for growth program training fund; repeal of the new jobs tax credit program; the major economic growth attraction program; load forecasting and analysis of electric transmission system expansion plans; creation of t...
Committee report approving bill, renumbered as SF 2506. S.J. 960.
Summary
The bill establishes the EDGE program to give tax incentives to out‑of‑state companies that locate or expand corporate headquarters in Iowa. It also creates a fund to reimburse training costs for those projects and a fund to support biennial electric load‑forecast reports. Existing new‑jobs tax credit provisions are repealed.
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