Business breaks as usual

Companies received $42 million in research tax credit checks in 2018 without paying any Iowa corporate income tax.
What the Governor didn’t say

Governor Reynolds’ Condition of the State address was upbeat, but exceedingly short on specifics of issues critical to the prosperity of Iowans.
Data: Opportunity for family security

One out of nine Iowans lack basic economic security by the Census’ measure.

Business breaks as usual
1
What the Governor didn’t say
2
Tax inequity: Iowa’s continuing story
3
Data: Opportunity for family security
4About IFP
No income taxes, big checks from the state
Large, 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
Our Work
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.
View the page
SNAP
More than 350,000 Iowans and their local businesses benefit from Food Assistance.
Read this blog post
Fact Sheet