The Iowa Capitol in springtime. (Photo by Kathie Obradovich/Iowa Capital Dispatch) The Senate passed a wide-ranging bill Tuesday evening that would change how the state funds mental health services, accelerate tax cuts and reduce tax breaks for preserved forest land. “People need property tax relief. People also come forward, year after year, and say we need a better way to … [Read more...] about Bill to reduce income and property taxes, change mental health funding passes Senate
taxes
House inheritance tax phaseout differs from ‘aggressive’ Senate plan
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