Iowa Administrative Code › Agency 261 - Economic Development Authority › Part IV - Business Development Division › Chapter 67 - Major Economic Growth Attraction (MEGA) Program › Rule 261-67.1 - Definitions

Current through Register Vol. 47, No. 3, July 24, 2024
For purposes of this chapter, unless the context otherwise
				  requires:
"Agricultural land"
means the same as
				  defined in Iowa Code section
				  15.491(1A)  as
				  enacted by 2024 Iowa Acts, Senate File 574, section 3.
"Authority"
means the same as defined in
				  Iowa Code section 15.102(1).
"Award date"
means the date the board
				  approved an application for program benefits.
"Base employment level"
means the same as
				  defined in Iowa Code section
				  15.491(2)  as
				  enacted by 2024 Iowa Acts, Senate File 574, section 3.
"Benefit"
means the same as defined in Iowa
				  Code section 15.491(3)  as
				  enacted by 2024 Iowa Acts, Senate File 574, section 3.
"Board"
means the same as defined in Iowa
				  Code section 15.102(4).
"Business"
means a corporation or other
				  business entity organized for profit under the laws of the state of Iowa or
				  another state, under federal statutes, or under the laws of another
				  country.
"Certified site"
means the same as defined
				  in Iowa Code section 15.491(4)  as
				  enacted by 2024 Iowa Acts, Senate File 574, section 3.
"Community"
means the same as defined in
				  Iowa Code section 15.491(5)  as
				  enacted by 2024 Iowa Acts, Senate File 574, section 3.
"Created job"
or
"create
				  jobs"
means the same as defined in Iowa Code section
				  15.491(8)  as
				  enacted by 2024 Iowa Acts, Senate File 574, section 3.
"Eligible business"
means a business that
				  meets the conditions of Iowa Code section
				  15.492 as enacted by 2024 Iowa
				  Acts, Senate File 574, section 4.
"Foreign business"
means the same as defined
				  in Iowa Code section 9I.1.
"Full-time equivalent position"
means the
				  same as defined in Iowa Code section
				  15.491(12)  as
				  enacted by 2024 Iowa Acts, Senate File 574, section 3.
"Maintenance period"
means the same as
				  defined in Iowa Code section
				  15.491(13)  as
				  enacted by 2024 Iowa Acts, Senate File 574, section 3.
"Maintenance period completion date"
means
				  the same as defined in Iowa Code section
				  15.491(14)  as
				  enacted by 2024 Iowa Acts, Senate File 574, section 3.
"Program"
means the same as defined in Iowa
				  Code section 15.491(16)  as
				  enacted by 2024 Iowa Acts, Senate File 574, section 3.
"Program benefits"
means tax incentives or
				  an exemption to restrictions on agricultural land holdings authorized by the
				  board pursuant to Iowa Code section
				  15.493(3)  or
				  15.493(4)  as
				  enacted by 2024 Iowa Acts, Senate File 574, section 3.
"Project"
means the same as defined in Iowa
				  Code section 15.491(17)  as
				  enacted by 2024 Iowa Acts, Senate File 574, section 3.
"Project completion date"
means the same as
				  defined in Iowa Code section
				  15.491(18)  as
				  enacted by 2024 Iowa Acts, Senate File 574, section 3.
"Project completion period"
means the same
				  as defined in Iowa Code section
				  15.491(19)  as
				  enacted by 2024 Iowa Acts, Senate File 574, section 3.
"Qualified jobs"
means created jobs that
				  meet the applicable wage requirements established in Iowa Code section 15.492
				  as enacted by 2024 Iowa Acts, Senate File 574, section 4.
"Qualifying investment"
means the same as
				  defined in Iowa Code section
				  15.491(20)  as
				  enacted by 2024 Iowa Acts, Senate File 574, section 3. "Qualifying investment"
				  includes machinery and equipment and infrastructure costs incurred by the
				  business.
"Qualifying wage threshold"
means the same
				  as defined in Iowa Code section
				  15.491(21)  as
				  enacted by 2024 Iowa Acts, Senate File 574, section 3.
"Tax incentive"
means the same as defined in
				  Iowa Code section 15.491(23)  as
				  enacted by 2024 Iowa Acts, Senate File 574, section 3.