Iowa Finance Authority
Programs

Beginning Farmer Tax Credit
 

The Iowa legislature made some changes to the BFTC program, starting in 2018:

  • The allocation for Beginning Farmer Tax Credits is being reduced from $12 million to $6 million. 
  • There are currently more than $6 million in tax credits approved to carry over into 2018. 
  • This means IADD will not be able to accept any new tax credit applications in 2018.
  • Other changes to the tax credit program for 2018 include a reduction in tax credits from 7% to 5% for cash rent leases and from 17% to 15% on crop share leases.
  • We anticipate having approximately $2 million in tax credits to allocate in 2019.  
  • Information on 2019 applications will be posted in late 2018 or early 2019.

 

Notice Notice
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Notice Contact
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Steve Ferguson | Tax Credit Program Specialist
515.725.4928

Tammy Nebola | Loan Program Specialist 
515.725.4919