BREAKING NEWS Search underway for man who escaped from Freeborn County Jail Full Story

Further tax reform expected to be key issue during Iowa legislative session

After last year's passage of the largest tax cut in state history, further reform on property and corporate income taxes may be on the agenda this year

Posted: Jan 14, 2019 9:16 PM

DES MOINES, Iowa - It's an issue that impacts nearly everyone in the state: tax reform.

It began last year, when Gov. Kim Reynolds signed into law a $400 million income tax cut, the largest in state history. Now, there may be further tax cuts.

"We've heard a number of different proposals as far as ideas about doing something with the property tax, ideas about doing something with other taxes like corporate income tax," State Rep. Todd Prichard said.

Speaker of the House Linda Upmeyer is in favor of property tax reform.

"I think Iowans are surprised when they see their levee rates going down, and yet their tax bill goes up. So having a conversation about how we can make that process more transparent for Iowans so they can have a bigger voice as our communities set our budgets."

However, Prichard says it's still too soon to see the effects of last year's cuts on the state budget, but the budget should be balanced.

Article Comments

Mason City
Clear
66° wxIcon
Hi: 79° Lo: 56°
Feels Like: 66°
Albert Lea
Clear
70° wxIcon
Hi: 77° Lo: 57°
Feels Like: 70°
Austin
Clear
70° wxIcon
Hi: 80° Lo: 58°
Feels Like: 70°
Charles City
Clear
66° wxIcon
Hi: 78° Lo: 57°
Feels Like: 66°
Rochester
Clear
68° wxIcon
Hi: 77° Lo: 58°
Feels Like: 68°
Tracking sunny skies all this week
KIMT Radar
KIMT Eye in the sky

Latest Video

Image

Rochester's new addition to the force

Image

City Council approves Lime Scooters in Rochester

Image

Tracking More Sunshine and Near Normal Temps

Image

Saint Ansgar defeats North Butler

Image

Central Springs vs. Alta-Aurelia

Image

A hidden gem in the Med City

Image

Albert Lea chooses a new city manager

Image

Deadly force task force

Image

Getting animals ready for the fair

Image

Mohawk Square: may take a year for repairs

Community Events