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The plan, Senate Study Bill 3141, would attempt to lower Iowa's individual income tax, with a current top rate of 5.7%, to zero over a gradual period, using a new state trust and investing through ...
Those cuts will bring Iowa's top individual income tax rate from 8.98% in 2018 to 3.8% next year, taking it from one of the highest individual income tax rates in the country to the sixth lowest.
Iowa's income tax is already set to go to a 3.9% flat rate by 2026, thanks to a law Gov. Kim Reynolds signed in 2022, which is still phasing in. The state's top rate this year is 5.7% and will ...
Reynolds's proposed restructuring of the state tax code would represent a further reduction in income taxes, going beyond 2018 legislation (passed by Republicans in the state legislature and signed into law by Reynolds) that was the largest income tax cut in Iowa history. [19]
Starting in 2025, the top and only income tax rate in Iowa will be 3.8%. Only five states will have a lower levy. When Reynolds took office in 2017, at 8.98% Iowa’s top rate was the sixth ...
Republican lawmakers voted to speed up the state's 2022 income tax cuts, instituting a 3.8% flat income tax rate beginning next year. Republicans also took the first steps toward two tax-related ...
Iowa was an early 2024 battleground — the first test of whether Trump’s grip on the GOP had been loosened by his 2020 loss, his conduct on January 6, 2021, or any of the myriad criminal and ...
Think about the two largest wins for non-incumbents in the history of Iowa’s Republican caucuses: Bob Dole in 1988 and George W. Bush in 2000. Neither of those people won New Hampshire.