To be eligible to receive the renewable chemical production tax credit pursuant to the program, a business shall meet all of the following requirements:
 1. The business is physically located in this state.

Terms Used In Iowa Code 15.317

  • Authority: means the economic development authority created in section 15. See Iowa Code 15.102
  • following: when used by way of reference to a chapter or other part of a statute mean the next preceding or next following chapter or other part. See Iowa Code 4.1
  • state: when applied to the different parts of the United States, includes the District of Columbia and the territories, and the words "United States" may include the said district and territories. See Iowa Code 4.1
 2. The business is operated for profit and under single management.
 3. The business is not an entity providing professional services, health care services, or medical treatments or is not an entity engaged primarily in retail operations.
 4. The business organized, expanded, or located in the state on or after April 6, 2016.
 5. The business shall not be relocating or reducing operations as described in section 15.329, subsection 1, paragraph “b”, and as determined under the discretion of the authority.
 6. The business is in compliance with all agreements entered into under this program or other programs administered by the authority.
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