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Iowa lawmakers pass bill increasing tax incentive cap for a $15B steel plant

Iowa lawmakers pass bill increasing tax incentive cap for a $15B steel plant
Photo: Yourbasin / Big 2 KMID + Fox 24 KPEJ (Nexstar) · view original

DES MOINES, Iowa (AP) — Iowa lawmakers passed a bill Friday to increase the ceiling on state tax incentives in an effort to secure a $15 billion steel plant project announced at the White House earlier in the week. The bill clears the way for Mesabi Metallics, the Minnesota company owned by the I...

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