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: 24 Aug 2017 | Removal date: open ended
Still in force

Tax or social insurance relief

On August 24, 2017 Governor Kim Reynolds and Apple CEO Tim Cook announced a deal whereby the Iowa Economic Development Authority (IEDA) Board and the Waukee City Council will support a $1.3 billion data center. The IEDA unanimously approved $19.6 million in tax incentives from the state via the High Quality Jobs program, and the city of Waukee plans to provide a property tax abatement of 71% over 20 years with an estimated value of $188,239,943. The total value in state and local benefits for the project adds up to $207,889,943.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

831 Management consulting & management services; ITC services

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