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

Job Fair!

Posted: Fri, April 20, 2018

... [ Read More ]

Moving Home

Posted: Thu, April 19, 2018

... [ Read More ]

Compost Site & Curbside Pickup

Posted: Tue, March 13, 2018
 The New Hampton Compost Site will open on Tuesday, April 17, 2018. Hours for the site will be:
        Tuesday - 3:00 p.m. to 6:00 p.m.
        Thursday - 3:00 p.m. to 6:00 p.m.

        Saturday - 9:00 a.m. to 1:00 p.m.


Fees will be: $2.00 per licensed vehicle or trailer

                    $5.00 per dump truck load

Curbside Pickup Dates:
Friday, May 4, 2018: Compost
Friday, May 18, 2018: Compost and brush
*No barrels will be picked up and brush cannot be longer than 4 feet.
... [ Read More ]
[ View All News ]

Upcoming Events

[ View All Events ]