Business Climate
#1 state for fiscal responsibility
Kim Reynolds, Governor of Iowa since 2017 received the highest score on this report.
Cato Institute Fiscal Policy Report Card on America's Governors 2022, cato.org
#1 state for lowest housing costs
Iowa ranks as the state with the lowest housing costs according to their 2023's Best States to Live in article.
Wallet Hub, wallethub.com August 2023
#1 state for lowest cost of living
CNBC ranked Iowa as the cheapest state to live in with the second most affordable housing in the nation.
These are America's 10 cheapest states to live in for 2023, cnbc.com July 2023
#3 in the U.S. for opportunity
Iowa placed third for opportunity and seventh overall in U.S. News & World Report's 2023 Best States Rankings.
U.S. News & World Report, 2023
Iowa corporate income tax
- Single-factor, non-unitary tax
Based only on percentage of total sales income within the state. An Iowa manufacturer selling all its products outside Iowa would pay no Iowa corporate income tax. - 50% deductibility of federal taxes from Iowa corporate income tax
On March 1, 2022, Governor Reynolds signed House File 2317. Division IX of the bill contains a provision outlining a possible reduction in corporate income tax rates if a certain threshold is met. If the Department of Management determines that net corporate income tax receipts exceed $700 million for the immediately preceding fiscal year, the Department will calculate what corporate income tax rates would have generated $700 million in net corporate income tax receipts in that fiscal year. Those rates will then apply to tax years beginning on or after the next January 1. This process will continue until the corporate income tax rate is 5.5% for all corporate taxable income. All rates as determined by the Department must be rounded down to the nearest 1/10th of 1 percent.
The Iowa Economic Development Authority maintains a site which offers information on business assistance, employee training, business climate and other helpful data related to doing business in Iowa.
The Iowa Association of Business and Industry web site offers up-to-date information about Iowa' s business climate, human resource information and ABI' s activities and member directories.
The Iowa Labor Market Information Division Page offers the most current economic news that is useful to business, includes financial information, demographics and markets.
The Iowa Secretary of State web site offers state information on corporations, non-profits, limited partnerships, limited liability companies and trademarks.
The State of Iowa Home Page offers information on Iowa government and services.
The Regional Economics & Community Analysis Program is an integrated system of public services in Iowa.