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Corporate Taxes

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Amid Plans to Relax Limits, Business Tax Credits Grow

4/16/13

Tax expenditures have the same overall impact on state budget choices as do direct appropriations.

A $40 Million Budget Hole: Persistent and Growing

2/25/13

This tax credit is used relatively little in the way one might expect of a tax credit: to reduce taxes. Rather, the credit is used mostly to provide subsidies, sometimes in the millions of dollars, to corporations that actually pay little or no income tax.

IFP News: Iowa Paid $33 Million in Research Checks in 2012

2/15/13

“This report is the latest evidence of the need for reform of this poorly named ‘tax credit,’” said Charles Bruner, executive director of the Child & Family Policy Center. “The credit is used less to reduce taxes than to provide straight subsidies to big companies through the tax code, outside the budget process.”

ALEC’s ‘Tax Myths Debunked’ Misses the Mark

2/11/13

Nothing in Tax Myths actually undercuts any of the analyses or conclusions in Selling Snake Oil. Rather, the authors’ misinterpretation and misuse of our analysis only confirms the shoddiness of the research sponsored by ALEC.

Johnson County Examples Illustrate Problems with TIF

11/21/11

New Report Recommends Statewide Reforms to Stop Abuses
Full report plus executive summary (15-pg PDF) November 21, 2011Executive summary (2-pg PDF)Appendix (Maps by community) (9-pg PDF)News release below (2-pg PDF) 
IOWA CITY, Iowa — Poorly understood, hotly debated and often Read more

Corporate Taxes and State Economic Growth

12/1/10

Business tax breaks turn out to be an expensive and inefficient way to attempt to stimulate a state economy.

Tax Credit Reform Glass Half-Full? Maybe Some Moisture

3/17/10

Through a largely closed-door legislative process, legislators crafted a bill without public testimony or expert review and makes very minimal changes to current law. While the Governor called for action on the Tax Credit Review Panel’s recommendations to build $52 million in savings into his proposed Fiscal Year 2011 budget, the legislative package rejects almost all of that panel’s recommendations.

Keys to Fairly Assess the Effective Return on Investment from Public Business Subsidies

1/26/10

It is critical to establish a credible way to estimate economic activity produced by any economic development program — and the degree to which the activity would have occurred anyway.

IFP Statement: Tax Credit Review Panel ‘Did Its Job’

1/8/10

“The Governor’s Tax Credit Review Committee … took an important step to make Iowa business subsidies more accountable and transparent.”

‘Single Factor’ to Consider

4/2/08

Closing tax loopholes with combined reporting provides accountability on taxes, poses no impediment to businesses locating in the state, and offers no incentive to move to one of the dwindling number of non-combined reporting states.