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What Iowa business groups said about Gov. Kim Reynolds' tax cut plan ... said the Republican-led plans wouldn't bring relief to Iowans "that most need a tax change." "The tax bills that we have ...
In addition, the 2022 tax cut package also put Iowa’s corporate tax on the path to a much more competitive 5.5%. More: Iowa lawmakers vote to speed up 3.8% flat income tax, ...
“Iowa conformed to the federal pass-through business income deduction that was enacted as part of the Tax Cuts and Jobs Act (TCJA). For 2019 and 2020, Iowa offered a state deduction equal to 25 ...
It would apply to proposed changes to the state's individual and corporate income tax rates, as well as rates on legal or special reserves. ... Gov. Kim Reynolds signed a law in 2022 that will ...
Corporate tax is imposed in the United States at the federal, most state, and some local levels on the income of entities treated for tax purposes as corporations. Since January 1, 2018, the nominal federal corporate tax rate in the United States of America is a flat 21% following the passage of the Tax Cuts and Jobs Act of 2017. State and ...
The bill, unveiled by the top Republicans on the House and Senate Ways and Means Committees. would take Iowa to a 3.8% flat income tax rate by next year. Iowa's income tax is already set to go to ...
The legislation gave companies tax breaks on sales tax from utility bills and property tax breaks. Dotzler was re-elected in 2010 with 10,459 votes (59%), defeating Republican opponent Ron Welper. More recently, Dotzler has gone on record opposing the construction of new nuclear power plants in Iowa citing cost and safety concerns.
The latest changes to Iowa's tax code are expected to reduce state revenues by more than $1 billion over the first three years, and more than $1.3 billion through fiscal year 2030.
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