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GOT MOLDS? IOWA ENACTS TAX BREAK FOR FOUNDRIES.

June 20, 2003

While Iowa cranks up it's "Values Fund" to attract high-tech businesses, the old economy hasn't been forsaken by the legislature. The Governor recently signed HF 654, exempting sales and rentals of mold-making machinery from Iowa sales and use taxes. Refunds on such sales may be available as far back as as July 1, 1997. . But act now! Total refunds are limited to $600,000, and claims must be filed by October 1, 2003.

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