$48.5 million in research tax credits issued in 2010
The state of Iowa issued nearly $48.5 million in Research Activities Tax Credits in 2010, which was six times the dollar amount of credits issued in 2009, according to a report released last Friday by the Iowa Department of Revenue. Last year, a total of 177 companies and 761 individuals claimed $48,461,731 in credits. Nine companies received the bulk of those credits, $39.7 million. Cedar Rapids-based Rockwell Collins Inc. claimed the largest amount of research tax credits, $14.2 million.
2010 Research Activities Tax Credit Claims (Claims over $500,000)
|
Company |
Claim amount |
|
Rockwell Collins Inc. and subsidiaries |
$14,213,205 |
|
Deere & Co. |
$12,797,619 |
|
E.I. Dupont De Nemours and Co. Inc. |
$5,949,495 |
|
John Deere Construction and Forestry Co. |
$2,198,830 |
|
Monsanto Co. |
$1,848,480 |
|
Pfizer Inc. and subsidiaries |
$942,184 |
|
Skyworks Solutions Inc. |
$896,127 |
|
Vermeer Manufacturing Co. and subsidiaries |
$862,725 |
|
Interstate Power and Light Co. |
$576,438 |
|
Total |
$39,708,665 |
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