Republicans in the Iowa Legislature have announced in a late Friday email that they’ve reached an agreement to overhaul the state’s tax system and cut taxes.
Gov. Kim Reynolds says she and other top Republican lawmakers made a “historic” deal that would include cutting individual income taxes and some corporate taxes.
Reynolds’ office says a bill is not available for the public to review because it is still being finalized.
Republicans with control of the statehouse have been working behind closed doors to finalize a tax plan along with the next state budget.
Friday evening’s news release did not provide information on the plan’s full cost.
