Newsletter February 8th, 2013
Capitol Comments
House Approves $60 Million in Tax Cuts for Middle Class, Small Businesses
The Iowa House approved the first bill of the session this week that will provide $60 million in tax cuts. The bill couples state income taxes with changes made at the federal level. It provides tax relief for working families through the Earned Income Tax Credit, extends tax deductions for teachers, and allows small businesses to expense more of their needed equipment. It also continues the state Research Activities Credit.
After approval by the …
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