Taxes

County supervisors would be allowed to eliminate a century-old statewide property tax break for owners of forest and fruit tree reservations under a bill advancing in the Iowa Legislature.

Iowa Republicans are currently working on a constitutional amendment that would require a flat tax rate and could raise the bar for increasing personal and corporate taxes in the future.

Iowa House Republicans approved language for a proposed constitutional amendment Tuesday that would prevent future state lawmakers from raising personal and corporate income taxes unless two-thirds of the Legislature agrees.

The franchise fee would help pay for 20% more law enforcement officers and more community amenities.

The governor proposed enacting a 3.5% flat income tax in 2025, raising minimum salaries for teachers and overhauling special education services during her seventh Condition of the State Address.

Top Republicans in the Iowa House and Senate want to speed up existing income tax cuts during the upcoming legislative session, and they may pursue more tax cuts after that.

Hot air and heat warnings greeted students going back to class today across Iowa. A long-running tax program helps keep one of the state’s largest school districts from sending students home early for the day.

In an effort to reach zero carbon emissions by 2050, the Biden administration is offering more tax credits for carbon capture sequestration and utilization. The program once expected to cost $3.2 billion now could exceed $100 billion.

Iowa Gov. Kim Reynolds signed a bill into law Thursday that will provide an estimated $100 million in property tax relief while limiting local government spending.

The Iowa Legislature voted nearly unanimously Tuesday to send a bill to the governor’s desk that aims to provide property tax relief for Iowans.