Under the radar

Under the radar

 Dangerous change to Iowa Constitution  Proposed amendment undercuts state’s ability to meet responsibilities to Iowans   By Peter Fisher A constitutional amendment to cap state spending ...

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Tax credits: Not all same

Tax credits: Not all same

Not all tax credits are the same Refundable EITC eases poverty for tens of thousands Refundable RAC pads profits for big companies Statement of Iowa ...

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Real story of Iowa shortfalls

Real story of Iowa shortfalls

Moral Mondays Iowa presentation Peter Fisher and Mike Owen of the Iowa Policy Project spoke on behalf of the Iowa Fiscal Partnership on ...

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Millions more of the same

Millions more of the same

Big companies erase taxes — take millions in state subsidy checks  Latest Research Activities Credit annual report shows big, profitable companies keep ...

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Under the radar

Under the radar

1
Tax credits: Not all same

Tax credits: Not all same

2
Real story of Iowa shortfalls

Real story of Iowa shortfalls

3
Millions more of the same

Millions more of the same

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