The people of Iowa make this the great state that it is. Iowans are well educated, productive, and known for their work ethic, giving Iowa one of the highest labor force participation rates in the country.
In Iowa, the purchase of industrial machinery or computers assessed as real property that will be used in manufacturing or other industries such as financial institutions and insurance companies, is exempt from sales and use taxes.
The Iowa corporate income tax offers significant advantages for businesses when compared to other states. These Advantages include:
Personal property, which includes inventories of finished goods, raw materials, and goods-in-process, is not assessed for tax purposes.
Machinery and equipment are not taxed.
Iowa’s workers compensation costs are approximately 11% less than the national average.
Right to Work law guarantees that no person can be compelled, as a condition of employment, to join or not to join, nor to pay dues to a labor union. Section 14(b) of the Taft-Hartley Act affirms the right of states to enact Right to Work laws.
For more information on doing business in Iowa, please visit the Iowa Economic Development Authority website. Start at the Iowa Advantage page and go from there.