All Posts Tagged With: "SF 443"

Future of Commercial Tax Reform This Session Shaky

tax battleDespite both Parties rhetoric to the contrary, I am hearing the chances of any significant Commercial Tax Reform in Iowa is dwindling.

Though legislation has passed each chamber, the Conference Committee tasked with finding a compromise both sides are comfortable with will struggle mightily.  This is largely due to the fact that the structure for reforming the tax code that passed by each chamber are not compatible with each other.  While Senate Democrats are insisting on a tax credit formula which businesses apply for and are granted, the House Republicans and the Governor want changes to the percentage assessed values are taxed at as well as lower caps on local property taxes.

I highly doubt that either side will give much on their chosen structure …


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