inheritance tax

The Iowa State Capitol. (Photo by Katie Akin/Iowa Capital Dispatch) A panel of Iowa House lawmakers moved a bill Monday that would eliminate Iowa’s inheritance tax by 2024. House File 841 passed out of subcommittee Monday afternoon. The bill would gradually raise the size of an estate exempted from the tax: the $25,000 maximum would become $300,000 this year, then would … [Read more...] about House inheritance tax phaseout differs from ‘aggressive’ Senate plan