IMPLEMENTATION LEVEL

Subnational

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 01 Oct 2012 | Removal date: open ended
Still in force

Tax or social insurance relief

In 2012 state and local governments in Iowa provided an incentives package to Orascom Construction Industries for a fertiliser plant. It consisted of state tax credits worth up to $107 million; other state assistance worth about $11 million; and a county property tax abatement worth an estimated $133 million. 
 
The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets, and from foreign subsidiaries.

AFFECTED COUNTRIES

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TABLE
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AFFECTED SECTORS AND PRODUCTS

341 Basic organic chemicals
3102 Mineral or chemical fertilisers, nitrogenous.
310250 Sodium nitrate
346 Fertilizers & pesticides
3101 Animal or vegetable fertilisers, whether or not mixed together or chemically treated; fertilisers produced by the mixing or chemical treatment of animal or vegetable products.
310100 Animal or vegetable fertilisers, whether or not mixed together or chemically treated; fertilisers produced by the mixing or chemical treatment of animal or vegetable products.
3102 Mineral or chemical fertilisers, nitrogenous.
310210 Urea, whether or not in aqueous solution
310221 Ammonium sulphate
310230 Ammonium nitrate, whether or not in aqueous solution
310240 Mixtures of ammonium nitrate with calcium carbonate or other inorganic nonfertilising substances
310260 Double salts and mixtures of calcium nitrate and ammonium nitrate
310280 Mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution
310290 Other, including mixtures not specified in the foregoing subheadings
3103 Mineral or chemical fertilisers, phosphatic.
310310 Superphosphates
310390 Other

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