Tax Credits

All reports by date

Setting the stage for cuts


The plan includes some desirable reforms that need not have come at the expense of essential public services that inevitably will have to be cut in the face of revenue losses. It also omits reforms that could enhance Iowa tax fairness. 

Sensible improvements for Iowa taxes


Real tax reform would eliminate wasteful spending on tax breaks, transform a regressive system into one that fairly reflects ability to pay, and assure a stable revenues to fund education and other critical services.

Big Money, Big Companies — But Whose Benefit?


These figures raise serious questions about the need for state help to cover what may be normal expenses for these large, profitable companies.

No taxes, big checks


“Is it a better use of taxpayers’ money to send millions in checks to profitable companies to do research they would do anyway, or to make sure schools can hire enough teachers next fall?”

Here a tax break, there a tax break, everywhere a tax break


Iowa lawmakers’ budget dilemma this year is largely self-inflicted — revenue shortfalls a product of legislators’ penchant for tax cuts over the past 20 years.

No income taxes, big checks from state


Iowa continues to give a lot of money to companies that aren’t paying income tax.

Iowa’s Low Business Taxes


Whether we are looking at the entire range of taxes that fall on businesses or just the corporate income tax, the fact is that business taxes in Iowa are low.

IFP News: Statement on Governor’s Address


Iowans cannot afford new raids on the General Fund when many public services have not been restored to pre-recession levels.

Iowa Budget Dilemma for 2014


Iowa lawmakers must recognize the long-term impact of tax cuts on spending choices. Past choices will force future legislatures to lower investments on critical services on which economic growth depends.

A $40 Million Budget Hole: Persistent and Growing


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.