Cliff ahead: Learn from Kansas

Cliff ahead: Learn from Kansas

The Iowa Senate is poised to move a massive tax cut bill out of committee today, in the belief that somehow what ...

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Give tax plans full review

Give tax plans full review

IFP Statement: Give both tax plans full analysis   IOWA CITY, Iowa (Feb. 21, 2018) — The Iowa Fiscal Partnership today released the following ...

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Big companies erase Iowa taxes — take millions in state checks

Big companies erase Iowa taxes — take millions in state checks

 Once again, biggest gainers on Research Activities Credit are big companies   IOWA CITY, Iowa (Feb. 15, 2018) — Iowa’s lucrative research subsidy cost ...

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Governor’s budget: More details needed

Governor’s budget: More details needed

IFP Statement — IPP’s Peter Fisher: Eliminating federal deductibility and adding sales tax for online transactions are good starts. Still, many reasons ...

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Cliff ahead: Learn from Kansas

Cliff ahead: Learn from Kansas

1
Give tax plans full review

Give tax plans full review

2
Big companies erase Iowa taxes — take millions in state checks

Big companies erase Iowa taxes

3
Governor’s budget: More details needed

Governor’s budget: More details needed

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  • About IFP

    The Iowa Fiscal Partnership is a joint initiative of two nonpartisan organizations, the Iowa Policy Project and the Child and Family Policy Center, providing reliable information and analysis on Iowa budget and tax issues.

    Learn about us and find out how to donate to our work for all Iowans.

  • No income taxes, big checks from the state

    180215-RAC-IFPfrontLarge, profitable corporations receive checks from the state without paying any Iowa income tax through Iowa’s Research Activities Credit (RAC). The latest annual report from the Department of Revenue on the RAC shows 373 corporate claims worth $54.8 million from the program in 2017. Three-fourths of Iowa’s most lucrative business tax subsidy — $41.8 million — was paid out as checks, not as tax reductions.
    Read about it here

     

     

  • Our Work

    Iowa’s low business taxes
    Iowa taxes that fall on businesses are lower than the national average — with the corporate income tax rate lower than all but 14 states. Not that you hear that very often in political debate.
    Read this report

    SNAP
    Almost 200,000 households in Iowa benefit from Food Assistance.
    Read this report