DES MOINES — Iowa Gov. Kim Reynolds signed legislation Friday that will repeal, adjust and create multiple tax credits, including ones awarded to businesses for research and development.

Senate File 657 contains 17 provisions, including the creation of tax credits for film production and sustainable aviation fuel, as well as the elimination of older credit programs.

It also overhauls the Research Activities Credit, a program that provides tax incentives to businesses, replacing it with the Research and Development Tax Credit Program. The new program, administered by the Iowa Economic Development Authority, will provide tax credits to eligible businesses that incur qualified research expenses in Iowa.

The legislation passed the House 84-3 and in the Senate by 44-1.

Under the bill, qual

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