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

New Hampton Community Blood Drive

Posted: Tue, June 23, 2020
See PDF below for more information.
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New Hampton Community Blood Drive

Posted: Tue, April 14, 2020
Tuesday, April 28, 2020
Noon - 5:30 pm

Holy Family Gymnasium
Corner of Court St. & Maple Ave.

Appointments required.  See attached flyer for more details.
... [ Read More ]

2020 Compost Pick Up Dates

Posted: Thu, April 9, 2020

2020 Curbside Compost Pickup Dates: 

Friday, April 17, 2020:  Compost Only

Friday, May 15, 2020:  Compost and Brush

 

       No barrels orbags over 50 pounds

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

... [ Read More ]
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