Iowa Association of Business and Industry Foundation
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Corporate Income Tax Cut

Bill # HSB 223
Bill Name Corporate Income Tax Cut
House Action No Action
Senate Action No Action
Final Action

None

Details
Another piece of Governor Branstad's economic agenda including cutting Iowa's corporate income tax cut by 50%.  At 12%, Iowa's tax on large employers is the highest corporate rate in the nation and a hindrance in attracting job creators.  This proposal, however, did not advance primarily because it replaced the state tax revenue with a corresponding increase in income taxes to 36% for Iowa's 17 riverboat and land based casinos. 

 
 

 

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