Tax Credits

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


“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.”

Tax Credit Reform Glass Half-Full? Maybe Some Moisture


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.

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


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