Corporate Taxes

NO ONE GETS EXCITED ABOUT PAYING TAXES
so we eliminate the following tax burdens:

  • No sales or use tax on industrial machinery/equipment/computers
  • No sales tax on purchases of electricity or natural gas used directly in the manufacturing process
  • No property tax on manufacturing machinery/equipment/computers

Personal Property Tax - Iowa does not tax personal property

Inventory Tax - Personal property includes corporate inventories of goods-in-process, raw materials and salable goods, so you won't be taxed here either.

Corporate Income Tax - We offer the benefits of a single-factor, non-unitary tax. Iowa's tax is based only on the percentage of total sales income within the state. Multiple tax credit programs and a 50 percent deductibility of federal taxes further reduces the state's corporate tax.

Iowa State Sales Tax - The tax is imposed on gross receipts from sales of taxable tangible personal property and taxable (enumerated) services. Exceptions include industrial machinery, equipment and computers.



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