Statewide Iowa — (RI) — The top Republican in the Iowa Senate says GOP lawmakers are considering a tax package that may raise the state sale one percent, with part of the money financing water quality efforts and the rest used to replace taxes that are cut.
Senate Majority Leader Jack Whitver says Republicans want to cut income taxes, property taxes AND corporate taxes. That conversation is now merged with discussion of raising the sales tax. In 2010, Iowa voters approved a new state natural resources fund — to be filled with the first three-eights of a cent of any future sales tax increase.
Whitver says the preference of Senate Republicans would be to cut income taxes to offset the sales tax increase.
Republican lawmakers passed a significant income tax reduction in 2018, but it’s not fully phased in yet. The 2020 Iowa legislative session starts January 13th.
Photo courtesy of Radio Iowa
