BW INSIGHTS

IEEPA Tariff Refunds — Immediate Steps for Importers

By Tim C. Reilly | 03.24.2026
The Supreme Court’s decision in Learning Resources, Inc. v. Trump and V.O.S. Selections, Inc. v. Trump (Feb. 20, 2026) paved the way for refunds of tariffs imposed under the International Emergency Economic Powers Act (IEEPA). The U.S. Court of International Trade (CIT) issued a March 4, 2026, order directing U.S. Customs and Border Protection... Read More

Manufacturing 4.0 Technology Investment Program: Get Started Now for 2026 Grants!

By Tim C. Reilly | 10.06.2025
Small and mid-sized manufacturers can obtain grants through the Iowa Economic Development Authority’s Manufacturing 4.0 Technology Investment Program. The program provides financial support to projects that will adopt or integrate smart technology into existing manufacturing operations across Iowa. This IEDA program supports Iowa’s advanced... Read More

Take Advantage the New Markets Tax Credit Program

By Tim C. Reilly | 09.16.2025
The One Big Beautiful Bill Act (OBBBA) touches many areas of the Internal Revenue Code, but one that’s getting less attention is Section 45D, the New Markets Tax Credit program (NMTC). This program seeks to encourage investment in low-income areas by providing a tax credit to those who provide funding for significant projects in those areas.... Read More

Navigating State & Local Taxes: How an Iowa Tax Attorney Can Help Your Business

By Tim C. Reilly | 08.22.2025
State and local taxes (SALT) often take a back seat to federal tax considerations, to the extent that tax is even at the table when it comes to deciding what’s best for a business. And while federal income tax is typically the largest tax liability for a business, ignoring SALT in business planning can create unnecessary risk and leave money on... Read More

Iowa Overhauls Business Tax Incentives: What Companies Need to Know

By Tim C. Reilly | 08.11.2025
The 2025 Iowa legislature enacted Senate File 657 to revamp some of the state’s biggest tax incentives to attract and retain businesses. The bill was signed by Governor Kim Reynolds on June 6, and the restructured credits and incentives will go into effect on January 1, 2026. Research and Development (R&D) The Iowa Research Activities Credit (RAC)... Read More

Iowa Sales Tax Changes for Data Centers

By Tim C. Reilly | 06.13.2025
Governor Kim Reynolds signed House File 976 on June 6, 2025. This bill originated from the Department of Revenue. While the Department’s own proposals were noncontroversial, the legislature added significant language impacting sales and use tax exemptions for data centers. Iowa has provided a set of three sales tax exemptions for data centers for... Read More

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