Tax Credit Review Committee Meets
October 31, 2019
ABI public policy staff attended the initial interim tax credit review committee at the Capitol on Wednesday. House and Senate members and legislators of both parties convened for this joint committee to examine the state’s tax credits. The meeting included presentations by the Department of Revenue and Legislative Services Agency that elaborated on the history of tax credits in Iowa, tax credit mechanics, accounting for tax credits within the state budget, how tax credits are evaluated and the impact that sunsetting tax credits would have on the state budget. Chairs of the committee are requesting feedback from members who also served on the committee to shape the focus of the tax credit discussion during the 2020 legislative session. Some members on the panel said they would like to have another meeting before the legislative session, but it’s unclear if that will occur or not.
- Iowa Public Radio: Tax Credit Committee Starts With The Basics
- The Gazette: Changes uncertain for Iowa's tax credits, following state committee meeting