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Iowa House Republicans approved language for a proposed constitutional amendment Tuesday that would prevent future state lawmakers from raising personal and corporate income taxes unless two-thirds of the Legislature agrees.
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The franchise fee would help pay for 20% more law enforcement officers and more community amenities.
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The governor proposed enacting a 3.5% flat income tax in 2025, raising minimum salaries for teachers and overhauling special education services during her seventh Condition of the State Address.
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Top Republicans in the Iowa House and Senate want to speed up existing income tax cuts during the upcoming legislative session, and they may pursue more tax cuts after that.
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Hot air and heat warnings greeted students going back to class today across Iowa. A long-running tax program helps keep one of the state’s largest school districts from sending students home early for the day.
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In an effort to reach zero carbon emissions by 2050, the Biden administration is offering more tax credits for carbon capture sequestration and utilization. The program once expected to cost $3.2 billion now could exceed $100 billion.
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Iowa Gov. Kim Reynolds signed a bill into law Thursday that will provide an estimated $100 million in property tax relief while limiting local government spending.
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The Iowa Legislature voted nearly unanimously Tuesday to send a bill to the governor’s desk that aims to provide property tax relief for Iowans.
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Republican lawmakers are trying to find a compromise between separate property tax bills passed by the Iowa House and Senate.
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The Iowa Senate and House passed competing bills Wednesday aimed at providing property tax relief as Iowans face rising property valuations.