Iowa Administrative Code
Agency 261 - Economic Development Authority
Part V - Innovation and Commercialization Activities
Chapter 115 - Tax Credits for Investments in Qualifying Businesses
Rule 261-115.3 - Cash Investments Required
Universal Citation: IA Admin Code 261-115.3
Current through Register Vol. 47, No. 6, September 18, 2024
In order to qualify for a tax credit under this chapter, the taxpayer's investment must be made in the form of cash to purchase equity in a qualifying business. Convertible debt shall only be considered an investment in the form of cash to purchase equity as of the date of conversion.
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