| A new report from the Iowa Department of Revenue provides important new information about the size and growth of the state's Research Activities Credit (RAC). Most of the $263 million cost since the credit was created in 1985 has gone to a small number of large multistate corporations. In fact, sometimes companies have received a check from the state instead of paying state income tax as a result of the credit. Read the two-page backgrounder, and the press release. Also, you can review the Department of Revenue Report. (2/4/08)
No more secret checks? Invest instead in Iowa's workforce. Read the backgrounder. |
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| A Center on Budget and Policy Priorities report shows large Iowa manufacturers already deal with combined reporting legislation in other states, despite big-business claims that closing tax loopholes would harm Iowa's economy. Report and news release. (4/3/08)
This IFP backgrounder illustrates simply how combined reporting works.
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| This website is a reliable resource for Iowans on the questions surrounding whether Iowa should move to close corporate tax loopholes that are costing the state over $100 million a year — and make other changes that can provide revenue for important services. (1/30/08) Closing loopholes is business-friendly on Main Street. Read the backgrounder.
Human Needs Advocates take strong position. Read the news release.
Growing interest around U.S. See the map of states that have closed tax loopholes with "combined reporting" laws, as proposed in Iowa.
Leveling the Playing Field. Read our 2007 report. |
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