Governor Kim Reynolds is growing Iowa’s economy by making the tax code more competitive and ensuring that hardworking taxpayers get to keep more of their money. During her Condition of the State address, the Governor stated that not only do we “need to continue the conversation about cutting taxes,” but she also called for the repeal “of the unnecessary triggers […]
Iowa’s is one of six states that still levies an inheritance tax. This obsolete tax not only punishes the individual who has died, but also punishes the intended recipient. Previous Iowa legislatures have eliminated the inheritance tax for spouses and other lineal beneficiaries. Yet, the tax remains for non-lineal recipients. In past sessions, the Iowa legislature has considered abolishing or […]
Iowa is one of six states that levies an inheritance tax. The other five states include Nebraska, Kentucky, Pennsylvania, New Jersey, and Maryland. Indiana is the most recent state to repeal its inheritance tax in 2013. Even several high tax states do not have an inheritance tax. Previous Iowa legislatures ended the inheritance tax for spouses and lineal ascendants and […]