Governor Reynolds Focuses on Moving Iowa Forward

Governor Kim Reynolds, in her Condition of the State address, outlined a pro-growth policy agenda that will continue to strengthen Iowa’s economic recovery from the COVID-19 pandemic. In addition, she also proposed a bold education reform package that will create more opportunities for parents and children across Iowa. As the legislature begins to formulate policy, it is imperative that they […]

Protection for the Taxpayer

During the 2019 Iowa legislative session, the legislature passed a property tax accountability and transparency law. This new law was modeled after Utah’s Truth-in-Taxation law, which is considered the most “taxpayer friendly law.” The 2019 law requires local governments such as counties and cities to hold a public hearing if the proposed budget increases more than two percent (school district […]

Iowa’s Unemployment Rate Continues to Decline

Iowa’s unemployment rate declined from 6 percent in August to 4.7 percent in September. The national unemployment rate for September is 7.9 percent. “September is the fifth consecutive month we have seen a drop in unemployment since the beginning of the pandemic and peak unemployment in April,” said Director Beth Townsend, Iowa Workforce Development. This is good news for Iowa’s […]

Sales Tax Fairness

The sales tax is getting a lot of attention as a result of Governor Kim Reynolds Invest in Iowa Act. One phase of this Act calls for a one cent sales tax increase.  Three-eighths of it would be for the purpose of funding the voter approved Natural Resources and Outdoor Recreation Trust Fund. In addition, the remaining five-eighths of the […]

For Property Tax Reform Focus on Spending

In 1934, Iowa enacted the first sales and income taxes to provide property tax relief. Today, nearly a century later, Iowa taxpayers still face the challenge of not only high property taxes, but also income and sales taxes.   Between 2000 and 2017, Iowa property taxes increased by more than 100 percent. This increase is more than inflation and population […]

Tax Credits

Iowa Has One of the Worst Business Climates in the Nation Iowa competes with 49 states for businesses and people. What policies will allow Iowa to be more competitive and attract more people, businesses, and entrepreneurial activity?   While the economy overall is doing well, Iowa is still confronted with some serious economic problems. Whether it is slow population growth, […]

Iowa needs some (tax) climate change!

Iowa has one of the worst business tax climates in the country. The state cannot afford to wait for more tax relief.   In 2018, the Iowa legislature gave taxpayers the first significant income tax relief legislation in 20 years. However, the relief will be phased in over multiple years, and the income tax rate reduction is subject to a […]

Our Taxes Aren’t “Iowa Nice”

A businessman in Sioux City recently stated it very plainly to us:  “We have stores in seven states.  Iowa is more expensive for property taxes than any other.”   Iowans are, for the most part, hardworking, friendly, and willing to help a stranger in need. Many call this “Iowa nice.”  However, our state’s tax code has been ranked as one […]

Where’s Everyone Going?

In just one year, over 9,000 Iowans moved to Florida, Texas, and South Dakota ­– all states that do not have an income tax.   Since 1980, the nation’s population has grown by more than 40 percent, and Iowa’s population has only grown 7 percent. Tax rates have a direct impact on the population. States with lower tax rates have […]

‘Cadillac Tax’ will hit Iowans hard

The Cedar Rapids Gazette recently published a guest column from Walt Rogers, TEF Iowa Deputy Director about the impending implementation of the “Cadillac Tax.” Under the Cadillac Tax, the federal government will impose a 40 percent excise tax on all employer-sponsored health insurance plans, as well as workplace-provided health care and wellness programs.   ‘Soaring deductibles and medical bills are […]