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

Grant Applications Now Being Accepted

Posted: Tue, October 1, 2019
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, 2019.

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
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2019 Curbside Compost Pickup Dates

Posted: Fri, September 27, 2019

2019 Curbside Compost Pickup Dates: 

Friday, October 18, 2019:  Compost Only 

Friday, November 1, 2019:  Compost Only 

Friday, November 15, 2019:  Compost and Brush 

       No barrels or bags over 50 pounds

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

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Flushing Hydrants

Posted: Fri, September 13, 2019

The City of New Hampton will begin flushing hydrants, weather permitting, on Monday September 30th, 2019. They will begin in the South part of the city and will continue to the West, North and East of the city until all the hydrants are flushed.  Please check your water for discoloration before washing clothes.

... [ Read More ]
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