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Market Intelligence Resource | September 18, 2013

Section Of Iowa Administrative Bulletin For September 18, 2013: Iowa Economic Development Authority Notice Of Proposed Rulemaking To ProvideEmployee Stock Ownership Plan Formation Assistance

September 18, 2013
The Iowa Economic Development Authority (IEDA) released proposed rules for a new state program to help business owners restructure as employee- owned corporations by establishing an employee stock ownership program (ESOP). The program allows an Iowa business owner to avoid state taxes on half of the net capital gain from forming an ESOP, and provides technical assistance grants.
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