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.
