[{"data":1,"prerenderedAt":7},["ShallowReactive",2],{"faq-standard-10930":3},{"rec_id":4,"title":5,"text":6},"10930","How do I calculate the Iowa Housing Investment Tax Credit?","For taxpayers approved by the Iowa Economic Development Authority under the Housing Enterprise Zone Program, a Housing Investment Tax Credit is available equal to 10% of the new investment directly related to the building or rehabilitation of homes in an enterprise zone. \r\n\u003Cbr>\u003Cbr>\r\nThe credit is based on a maximum of $140,000 for each single-family home or for each unit of a multiple dwelling. When the tax credit is awarded, the taxpayer receives a tax credit certificate number.\r\n\u003Cbr>\u003Cbr>\r\nAny tax credit in excess of tax liability can be carried forward and applied against tax liability for the following seven years or until depleted, whichever is earlier. If the tax credit is issued to a partnership, limited liability company, S corporation, estate, or trust, the tax credit shall be claimed by the individual based on the pro rata share of the income of the entity.",1777391510587]