tax policy

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Property tax issue in legislative limbo

Senators voted 50-0 to give Iowa small businesses a tax break

DES MOINES – Hopes for bipartisan resolution of a nagging property tax relief issue during the 2013 session remained in legislative limbo on Monday. A commercial property tax plan passed by the Iowa Senate and then significantly revised and expanded by the Iowa House last week is now perched on the Senate debate calendar, but [...]

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The Senate Chamber at the Iowa State Capitol in Des Moines. (Stephen Mally/Freelance)

Senate committee approves commercial property tax relief plan

Portion of bill would divert to fund to provide tax credits for businesses

Democrats on an Iowa Senate committee Thursday moved ahead with plans for a $250 million commercial property tax cut over five years targeted at small and Main Street businesses over GOP objections that the approach – while helpful — was too limited. Senate Study Bill 1136, which passed the Senate Ways and Means Committee on [...]

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The House Chambers at the Iowa State Capitol in Des Moines on Tuesday February 1, 2011. (Stephen Mally/The Gazette)

Branstad hopes third try is “the charm” on Iowa property tax

Concerns over small businesses remain

Gov. Terry Branstad called Tuesday for toning down the political rhetoric in an effort to enhance the chances that he and the split-control Legislature can forge a compromise agreement to deliver property tax reform this session after two failed attempts. “This is not Washington, D.C.,” the GOP governor told reporters at a weekly news conference [...]

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Sales tax hike for natural resources eyed

DES MOINES – Representatives of conservation, hunting, wildlife, parks and environmental groups told lawmakers Tuesday Iowa’s natural resources are in such need of upgrading and protecting that the state should boost its sales tax to raise $150 million for that effort. Members of a Senate Natural Resources and Environment subcommittee responded by approving a measure [...]

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Contrary to what Marion residents may have heard, their city is bound by its ballot language regardless of the outcome of Tuesday’s local-option sales tax referendum.

Iowa conservation groups push for sales tax hike for natural resources

But Governor Branstad warns of potential opposition to tax increase

Representatives of conservation, hunting, wildlife, parks and environmental groups told lawmakers Tuesday Iowa’s natural resources are in such need of upgrading and protecting that the state should boost its sales tax to raise $150 million for that effort. Members of a Senate Natural Resources and Environment subcommittee responded by approving a measure that would increase [...]

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(Steve Pope/The Gazette)

Iowa House, Senate compromise needed to forge property tax relief

Small and Main Street businesses at epicenter of issue

Democrats on a Senate subcommittee Monday approved a $250 million property tax relief plan targeting help to small and Main Street businesses over five years and called on Republicans led by Gov. Terry Branstad to use it to help build a compromise to resolve the nagging issue this session. Sen. Matt McCoy, D-Des Moines, told [...]

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(Steve Pope/The Gazette)

Iowa Republican plan would make it harder to raise taxes

But critics say measure would limit ability to respond quickly to crises

Legislative Republicans began a push Monday for constitutional limits on the Legislature’s ability to spend money and raise taxes. House Joint Resolution 2, which was co-sponsored by 53 House Republicans, would write the state’s 99 percent spending limitation law into the Iowa Constitution and also would direct surplus funds exceeding 10 percent to flow into [...]

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Flat tax proposal pushed by Iowa House Republicans

Opponents say flat tax is regressive, overwhelmingly favors the rich

Iowans would have the option of paying a flat 4.5 percent state rate on their 2013 taxable income or using the current system of deducting expenses and federal taxes they pay under a major policy change that got its first legislative nod of approval Tuesday. Proponents said the alternative would simplify an overly complex state [...]

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The Iowa state capitol in Des Moines.

Iowa business leaders push tax relief, reform

Property, income tax changes top list of priorities

Business leaders from Iowa’s largest communities expressed optimism Wednesday that the 2013 legislative session will produce meaningful and significant tax relief that will aid business growth and job creation. Iowa Chamber Alliance members said the will again push for reductions in rates for commercial and industrial property and support better equity among all property classes [...]

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Iowa Gov. Terry Branstad delivers his Condition of the State address before a joint session of the Iowa Legislature, Tuesday, Jan. 10, 2012, at the Statehouse in Des Moines. (AP Photo/Charlie Neibergall)

Parties must work together in split-control Legislature, Branstad says

Governor encourages leaders to not 'squander this great responsibility'

Gov. Terry Branstad and top legislative leaders pledged bipartisan cooperation Wednesday after voters kept Democrats in control of the Iowa Senate and narrowed the GOP majority in the Iowa House for the next two years. “Iowa voters once again chose divided government, and their message was unmistakable: They want us to work together in moving [...]

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