119 W 6th St - PO Box 584 | Storm Lake, IA 50588
712.732.3780 | 888.752.4692
Storm Lake United can help link you to a variety of strategic partners from across the state to assist with business plan development, financial analysis, product researching, marketing support and financing.
Did you know that Iowa is the only state with a single factor corporate income tax, meaning only the profits from products sold for delivery in the state are taxed? Additionally, Iowa law states that half of the federal income tax on corporations can be deducted from net income to arrive at the state's taxable income. For personal income tax, 100% of the federal income tax is deducted.
The repeal of sales and use tax on business equipment, machinery and computers is an added incentive for new industry. Iowa businesses can take advantage of many tax incentives.
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