Iowa § 404A.5 Economic impact — recommendations

Iowa Statutes

§ 404A.5 — Economic impact — recommendations

Iowa § 404A.5

Title IXLOCAL GOVERNMENT

Ch. 404AHISTORIC PRESERVATION TAX CREDIT

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Bluebook

Iowa Code § 404A.5 (2026).

Text

1.The authority, in consultation with the department of revenue, shall be responsible for keeping the general assembly and the legislative services agency informed on the overall economic impact to the state of qualified rehabilitation projects.

2.An annual report shall be filed which shall include but is not limited to data on the number and potential value of qualified rehabilitation projects begun during the latest twelve-month period, the total historic preservation tax credits originally awarded or tax credit certificates originally issued during that period, the potential reduction in state tax revenues as a result of all awarded or issued tax credits still unclaimed and eligible for §404A.5, HISTORIC PRESERVATION TAX CREDIT 8 refund, and the potential increase in local property ta

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1. The authority, in consultation with the department of revenue, shall be responsible for
keeping the general assembly and the legislative services agency informed on the overall
economic impact to the state of qualified rehabilitation projects.
2. An annual report shall be filed which shall include but is not limited to data on the
number and potential value of qualified rehabilitation projects begun during the latest
twelve-month period, the total historic preservation tax credits originally awarded or tax
credit certificates originally issued during that period, the potential reduction in state tax
revenues as a result of all awarded or issued tax credits still unclaimed and eligible for
§404A.5, HISTORIC PRESERVATION TAX CREDIT 8
refund, and the potential increase in local property tax revenues as a result of the qualified
rehabilitation projects.
3. The authority, to the extent it is able, shall provide recommendations on whether the
limit on tax credits should be changed, the need for a broader or more restrictive definition of
qualified rehabilitation project, and other adjustments to the tax credits under this chapter.