GOVERNOR KIM REYNOLDS HAS APPROVED THE PLAN THAT WILL SHRINK IOWA’S INDIVIDUAL INCOME TAX TO A SINGLE RATE OF THREE-POINT-NINE PERCENT NEXT YEAR.
LAWMAKERS SAY IT WILL AMOUNT TO A BILLION DOLLAR CUT IN STATE INCOME TAXES.
TAXCUT5 OC…….WHAT WE’VE DONE.” :13
REYNOLDS SIGNED AN INCOME TAX CUT IN 2018 THAT WAS BILLED AS THE LARGEST IN STATE HISTORY.
THIS IS THE FIFTH TIME SHE’S APPROVED LEGISLATION THAT REDUCES INCOME TAXES.
A GROUP OF REPUBLICAN LAWMAKERS AND A FEW LOBBYISTS JOINED THE GOVERNOR FOR A BILL SIGNING CEREMONY IN HER STATEHOUSE OFFICE.
TAXCUT6 OC…….ONE MORE TIME? (APPLAUSE FADE) :19
TWO YEARS AGO, THE GOVERNOR SIGNED A BILL THAT ELIMINATED THE STATE INCOME TAX ON RETIREMENT INCOME AND WHITTLED DOWN THE CORPORATE INCOME TAX RATE.
LAST YEAR, A PLAN TO CONTAIN PROPERTY TAX GROWTH BECOME LAW.
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