Connecting the dots: Tax breaks and school funding

Connecting the dots: Tax breaks and school funding

Iowa’s revenue shortfall largely self-inflicted — education, other priorities suffer A penchant for tax cuts over the past 20 years has left the state ...

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Income, Poverty and Health Coverage

Income, Poverty and Health Coverage

News Release — New data set baseline for health insurance coverage; Persistent poverty, stagnant income remain the norm for Iowans IFP News Release ...

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IFP End of Session Statement

IFP End of Session Statement

Four months we won’t get back IOWA CITY, Iowa — The Iowa Fiscal Partnership today issued this statement on the conclusion ...

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Sensible context on school aid growth

Sensible context on school aid growth

There are many ways to measure Iowa’s lagging commitment to public schools. One is a comparison of growth in school aid to ...

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Connecting the dots: Tax breaks and school funding

Connecting the dots: Tax breaks

1
Income, Poverty and Health Coverage

Income, Poverty and Health Coverage

2
IFP End of Session Statement

IFP End of Session Statement

3
Sensible context on school aid growth

Sensible context on school aid

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.

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

  • No income taxes, big checks from the state

    Basic RGB

    More companies are benefiting from a lucrative tax subsidy that permits large, profitable corporations to get checks from the state without paying any Iowa income tax. The latest annual report from the Department of Revenue on the use of the Research Activities Credit (RAC) shows that 248 companies claimed $50.1 million from the program in 2015. The number of companies claiming the credit in each of the last two years is 55 percent higher than in 2010, the first year of full-year annual reports on use of the credit. Most of the credit claims — $42.1 million, or 84 percent — were paid out as checks, not as tax reductions, and 88 percent of the claims were by very large, profitable companies.

    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