Iowa’s Research Activities Credit (RAC) has come under scrutiny for providing a tax subsidy that reimburses companies for research activities. According to an annual report by the Department of Revenue, the RAC program provided $49.1 million in 2016 to large companies that do not pay state income tax. Of the claims made by companies, 82% … Read more
The most valuable company tax credit scheme in Iowa is the Research Activity Credit (RAC). The initiative, which was initially designed to assist start-up businesses in doing research, now predominantly benefits giant enterprises with no oversight. Some businesses obtain credits that essentially lower their taxes, while others owe no income tax or can get the … Read more
When businesses are considering expanding or relocating, they weigh various factors that affect costs, productivity, and sales. These factors include access to markets and suppliers, transportation and energy costs, wage rates, healthcare costs, land acquisition costs, access to business services, quality of schools, proximity to university research facilities, and state and local taxes. While advocates … Read more
The Iowa government has been giving tax credits and exemptions to corporations, potentially costing the state hundreds of millions of dollars and undermining its ability to fund essential services, according to a report by the Iowa Fiscal Partnership. Since 2000, the state government has introduced over 20 new tax credits, in addition to offering new … Read more
When you think about rolling papers, it’s an age-old practice that has been around even before smoking was ever a thing. All smokers, tobacco or cannabis, know that a good quality rolling paper makes all the difference in the world regarding the smoking experience. With cannabis becoming legal in many parts of the world, the … Read more
An overwhelming sense of joy finds you amidst a thousand clapping hands linked in joyous worship. Gentle rays shine on your soul as you hear the endearing song of the gospel, encapsulating you with sheer faith, euphoria, and a yearning to be closer to God. For 63% of Americans, the church is a sanctuary where … Read more