Iowa business leaders, hoping to jump-start a proposed $100 million seed fund, are expected to ask lawmakers to sweeten the tax credits available to lure investors into backing startup companies.
What wouldn’t change: The existing $8 million annual cap on state tax credits available to attract seed-fund investment. It was set last year by lawmakers and is part of Iowa’s $120 million annual lid on all tax credits used to spark new jobs and investment.
What could change: Boosting the tax credit used to match investment — now at 20 percent — to possibly as high as 100 percent, the amount that South Carolina and Hawaii provide for early-stage investors.
To read the full, original article click on this link: More credits sought for Iowa startups | The Des Moines Register | DesMoinesRegister.com
