Activity Continues This Week with Efforts to Reform and Reduce Taxes
February 4, 2022
The House and Senate Tax Committees scheduled time this week to consider their respective tax bills in full committee. While the House ultimately canceled their meeting, the Senate Ways and Means Committee gave their plan, SSB 3074, a hearing and passed it out of full committee with two technical amendments. Watch the Senate committee hearing.
Gov. Kim Reynolds also held a press conference at the parent company of ABI member Corporate Image to signal she was ready to negotiate with the House and the Senate while reinforcing her position that corporate income taxes in Iowa are uncompetitive and that reductions should be included in the final work product of collaboration between the House, Senate and the Governor. Read more from Radio Iowa.
ABI public policy staff is encouraging the continued push to include corporate relief in all proposals, while ensuring members that file at the individual level see a net reduction. If you have any questions, please reach out to JD Davis or Brad Hartkopf.
See the full comparison included in last week’s newsletter.