New Iowa Code Chapter 426C creates a business property tax credit . Applications for credit towards the 2014 property tax assessments must be submitted to the Floyd County Assessor's Office by March 15th, 2015 (postmarks will not qualify for timely filing per Iowa Department of Revenue). Applications received after March 15th, 2015 will be applied to next year's tax credit. One credit is available to each eligible parcel classified and taxed as commercial, industrial, or railway property. Please contact the Assessor's Office for inquiries/applications.