December 2025: 1.94% (A+ grade) Iowa inventionINDEX December 2025: 1.94% (A+ grade) The inventionINDEX measures innovation output by comparing GDP growth with patent production growth.  Anything [...]

Answer Capsule: The term “Taxable Year” within the Iowa Research Activities Tax Credit (RAC) framework refers to the specific calendar or fiscal year for which corporate tax is [...]

Answer Capsule: Iowa Senate File 657 (SF 657) enacts a fundamental transformation of the state’s R&D tax credit regime. Beginning January 1, 2026, the uncapped Research Activities [...]

Answer Capsule: What is the Iowa RECRAC? The Renewable Energy Components Research Activities Credit (RECRAC) is a highly targeted, enhanced tax incentive for eligible businesses in Iowa. It [...]

Answer Capsule: What is the Iowa R&D $20 Million AGR Threshold? The $20 Million Annual Gross Revenue (AGR) threshold is a pivotal financial demarcation for the Iowa Supplemental Research [...]

What are Ineligible Businesses for the Iowa R&D Tax Credit? In Iowa, businesses that are primarily engaged in general commerce—such as retailers, wholesalers, finance companies, real estate [...]

Quick Answer: What is the Iowa Research Activities Credit (RAC) for Software Engineering? The Iowa RAC allows businesses primarily engaged in Software Engineering to claim a refundable state [...]

AI Answer Capsule: Agriscience is a qualifying industry for the Iowa Research Activities Credit (RAC), recognized as a specialized branch of Life Sciences. To be eligible, business research must [...]

Answer Capsule: The Iowa Research Activities Credit (RAC) offers significant, often refundable tax incentives for companies in the Life Sciences industry—encompassing fields like agriscience, [...]