Yet another loophole for Iowa?

Yet another loophole for Iowa?

Questions for Iowa before adopting the pass-through loophole need answers: Costs of $100 million-plus, benefits to wealthy — some vs. others at the same income.

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Tax cuts: Already tried, failed

Tax cuts: Already tried, failed

Iowa's coming tax-cut experiment has been tried before and failed. Research showed the tax cuts appear to have slowed growth, taking money out of the ...

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Tuition rising — anyone surprised?

Tuition rising — anyone surprised?

There is a price to families when the Legislature chooses not to fund higher education.

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RAC: Biggest players win big

RAC: Biggest players win big

Do these highly profitable companies need state subsidies? Would Iowa legislators choose these subsidies over funding for education, human services and public safety?

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Yet another loophole for Iowa?

Yet another loophole for Iowa?

1
Tax cuts: Already tried, failed

Tax cuts: Already tried, failed

2
Tuition rising — anyone surprised?

Tuition rising — anyone surprised?

3
RAC: Biggest players win big

RAC: Biggest players win big

4
  • 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.

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  • No income taxes, big checks from the state

    Basic RGBLarge, 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 — $43.7 million — was paid out as checks, not as tax reductions.
    Read about it here

     

     

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    Tax Policy Kit
    IFP has produced several resources for the public, advocates and policy makers who want to better understand the stakes — and sort away the spin — on 2018 tax debates.
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    More than 350,000 Iowans and their local businesses benefit from Food Assistance.
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