Iowa’s Historic Preservation and Cultural and Entertainment District Tax Credit Program Evaluation Study

Zhong Jin and Lipsman Michael

MPRA Paper from University Library of Munich, Germany

Abstract: Executive Summary: Iowa introduced the Historic Preservation and Cultural and Entertainment District (HPCED) Tax Credit Program in 2000. The program allows property owners or developers to claim tax credits equal to 25 percent of qualified rehabilitation costs for eligible historic properties in Iowa. In tax year 2002, the tax credit was made transferable and refundable at a discounted amount. In tax year 2005, the cap of the tax credit was increased to $6.5 million per year. In tax year 2007, the cap of the tax credit was increased to $10 million for fiscal year 2008, $15 million for fiscal year 2009, and $20 million for fiscal year 2010 and subsequent years. In addition, the tax credit was made fully refundable in 2007. The major findings of the study are:...

Keywords: Investment Tax Credit; Tax Policy; State and Local Governement; Public Subsidy (search for similar items in EconPapers)
JEL-codes: D62 H0 H43 H71 R33 (search for similar items in EconPapers)
Date: 2009-03-30
New Economics Papers: this item is included in nep-cul, nep-pbe and nep-ure
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/14794/1/MPRA_paper_14794.pdf original version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:14794

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().