Iowa local governments and business groups say they generally support getting rid of the state’s complicated property tax rollback system, but continue to explore the fiscal toll they would face from statehouse Republican’s proposed “reboot” and overhaul the state’s property tax system.
Iowa Economic Development Authority Director Debi Durham’s proposal was considered publicly for the first time Thursday by lawmakers and stakeholders
Dozens of stakeholders representing Iowa businesses, pork producers, builders and local taxing entities — from cites, counties and schools to hospitals and regional transit services — said they remain “undecided” on the 52-page proposal as they continue to study and analyze potential impacts from the myriad changes proposed.
Iowa businesses would pay nearly $1 billion less to fund benefits for unemployed workers under a proposal by Gov. Kim Reynolds advanced by Senate Republican lawmakers.
Also, state lawmakers are considering taxes on vape products
The number of donors to Iowa’s Fish and Wildlife Fund has declined by 50 percent in the last 20 years, the DNR reports.
The start of a new year also means the start of new laws in Iowa, including a new and lower state income tax rate, new restrictions for those convicted of drunken driving and a new data privacy law.
The Iowa Revenue Estimating Conference projects slightly better state revenue numbers than it did in October, but revenue still is expected to fall short of current state spending levels.
Also, an $8.4 million federal grant will help Iowa boost internet availability, digital literacy
Also in the Capitol Notebook: Iowa Gov. Kim Reynolds accepts honor for the state’s tax policy
Democratic incumbent Tracy Ehlert said she is focused on boosting the state’s workforce by investing more in child care and public schools, while Republican challenger Barclay Woerner said he’s focused on further cutting taxes.
In other campaign news, the U.S. Chamber of Commerce on Wednesday endorsed Iowa’s Ashley Hinson.
The Iowa Revenue Estimating Conference’s latest projections reflect a dip in state revenue primarily driven by reductions in state income tax rates
The once-a-year exemption period starts at 12:01 a.m. Friday until runs until midnight Saturday.
Also, Gov. Kim Reynolds issues storm disaster proclamation.
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