Home Local News REYNOLDS PUSHES FOR CORPORATE TAX RATE REDUCTION

REYNOLDS PUSHES FOR CORPORATE TAX RATE REDUCTION

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GOVERNOR KIM REYNOLDS IS MAKING A PUBLIC PITCH FOR A REDUCTION IN IOWA’S CORPORATE INCOME TAX RATE.

CORPTAX1 OC………LOWER THAN IOWA. :11

REYNOLDS DESCRIBED IOWA’S CORPORATE TAX RATE AS A LIABILITY COMPARED TO THE ZERO RATE IN SOUTH DAKOTA AND NEBRASKA’S CORPORATE INCOME TAX OF SEVEN-AND-A-HALF PERCENT.

CORPTAX2 OC………THE ENVIRONMENT. :22

REYNOLDS GOAL IS TO HAVE IOWA’S CORPORATE TAX RATE LOWERED TO FIVE AND A HALF PER CENT:

CORPTAX3 OC……….SOME OF THAT. :17

HOUSE REPUBLICANS HAVE RELEASED A BILL THAT INCLUDES MOST OF THE GOVERNOR’S TAX PROPOSALS, WITH THE EXCEPTION OF A CORPORATE INCOME TAX CUT.

SENATE REPUBLICANS HAVE A PLAN THAT DOES CUT THE CORPORATE TAX, BUT NOT AS DEEPLY AS REYNOLDS PROPOSES.