Tax & Financial Incentives

Tax & Financial Incentives

New Hampton Economic Development is skilled at putting together attractive incentive packages that meet the growth needs of businesses expanding, locating or starting up in our community. Following are key state and local tax and financial assistance programs to help your business expand and grow in New Hampton, the City of Expanding Horizons.

Iowa Business and Tax Advantages

  • No corporate income tax on profits from sales outside of Iowa
  • Fifty percent deductibility of Federal Taxes from Iowa Corporate Income Tax
  • New jobs tax credit
  • No property tax on newly purchased manufacturing machinery, equipment and computers used in processing
  • No sales or use tax on manufacturing machinery, equipment and computers used in processing
  • No personal property (inventory) tax
  • Research and Development Tax Credit

Financial Incentive Programs

There are four categories of financial incentive programs available. Click a link below to go to a particular section or scroll down to see all sections.


News

Thanksgiving Garbage Pickup

Posted: Fri, November 16, 2018
Garbage pickup for the week of November 12th is as follows:
Tuesday's Residential will be normal (Nov. 20)
Thursday's Residential will be moved to Wednesday, Nov. 21st. Please have all materials out by 5:00am for collection. Happy Thanksgiving!
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2018 Curbside Compost Pickup

Posted: Thu, October 4, 2018
Friday, October 19, 2018:  Compost Only
Friday, November 2, 2018:  Compost Only
Friday, November 16, 2018:  Compost and Brush

       No 33 gallon barrels and/or 40 lb weight limit

       Brush needs to be less than 2" in diameter & less than 4' long.


Compost site will close Saturday, November 24, 2018(depending on weather)

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Grants Available

Posted: Tue, October 2, 2018
The New Hampton Hotel/Motel Grant and the Chickasaw County Community Foundation Grant are now taking applications!  If you are interested in applying for one and/or both of the grants, see the links below!  Application deadline for both grants is December 31, 2018.

New Hampton Hotel/Motel Grant - http://www.newhamptonia.com/hotel-motel-grant-application.html

Chickasaw County Community Foundation Grant - https://www.cfneia.org/affiliates/chickasaw-county
... [ Read More ]
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