Renewable Chemical Production Tax Credit
The Renewable Chemical Production Tax Credit from the Iowa Economic Development Authority supports Iowa companies producing high-value renewable chemicals from biomass through a science-driven, production-based tax incentive.
Funder: Iowa Economic Development Authority
Due Dates: March 15, 2026 | March 15, 2027 (projected)
Funding Amounts: $0.05 per pound of eligible renewable chemicals produced; annual cap of $1 million per startup.
Summary: Provides a production-based tax credit to Iowa companies manufacturing high-value renewable chemicals from biomass.
Key Information: This is a forecasted opportunity; all dates are projected and subject to change.
Description
The Renewable Chemical Production Tax Credit is an incentive program administered by the Iowa Economic Development Authority (IEDA) to promote the production of high-value renewable chemicals derived from biomass feedstocks within Iowa. The program aims to accelerate innovation and economic growth in the state’s bioscience and agricultural sectors by leveraging Iowa’s strengths in sustainable production and infrastructure. Eligible companies receive a tax credit based on the amount of designated renewable chemicals they produce, supporting the development of Iowa’s renewable chemical industry and encouraging the use of local agricultural resources.
