Tax Reform Still Being Considered

As the Legislature works toward adjournment and final budget decisions, tax reform is still on the table. Past newsletters have outlined the various plans introduced by the Governor, Senate and House. Legislators continue to work toward an agreement on details of the final tax bill. The ABI public policy team has met with leadership and legislators about key components to Iowa businesses in any tax reform bill. ABI continues to educate legislators and others, when possible, about the importance of tax reform and specifically the importance of the Qualified Business Income (QBI) deduction. If you have questions about the tax bills currently pending or have information to share about your conversations with legislators, please let Nicole Crain know.