Iowa EDA Proposes Rules on Federal Investment Tax Credit Program
The Iowa Economic Development Authority has proposed updates to its Federal Investment Tax Credit Program regarding the rehabilitation of historic structures. The changes aim to clarify application procedures, define program terms, and outline the roles of the State Historic Preservation Officer.
Why it matters
These regulatory updates impact how developers and property owners access federal tax incentives for historic preservation projects in Iowa.
The Iowa Economic Development Authority (EDA) proposed to rescind and replace rules on the Federal Investment Tax Credit Program for rehabilitation of certified historic structures. The proposed rules would: 1) add definitions for program terms and application stages; 2) clarify the responsibilities of the State Historic Preservation Officer (SHPO) in reviewing applications and providing technical assistance; and 3)…
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