NO ONE GETS EXCITED ABOUT PAYING TAXES
so we eliminate the following tax burdens:
Personal Property Tax - Iowa does not tax personal property
Inventory Tax - Personal property includes corporate inventories of goods-in-process, raw materials and salable goods, so you won't be taxed here either.
Corporate Income Tax - We offer the benefits of a single-factor, non-unitary tax. Iowa's tax is based only on the percentage of total sales income within the state. Multiple tax credit programs and a 50 percent deductibility of federal taxes further reduces the state's corporate tax.
Iowa State Sales Tax - The tax is imposed on gross receipts from sales of taxable tangible personal property and taxable (enumerated) services. Exceptions include industrial machinery, equipment and computers.