LNT · 10-Q · 2026Q3 · Full report

Iowa Economic Development Incentives

ALLIANT ENERGY CORP · 2026-10-30 · Importance 34 · Surprise 42

In October 2026, Iowa enacted legislation revising the Major Economic Growth Attraction program for projects in rural counties. The Iowa Economic Development Authority may provide a tax credit of up to 10% of a qualifying rural-county investment, or tax credits of up to 5% for as many as two projects. The program may support projects with capital investments greater than $1 billion in IPL’s service territory, including a proposed steel plant in Southeast Iowa.

Key facts

• In October 2026, Iowa enacted revisions to the Major Economic Growth Attraction program for rural-county projects, allowing investment tax credits of up to 10% for one qualifying project or up to 5% for as many as two projects.