Senate GOP plan lowers Iowa’s top income tax rate to 3.6%

January 27, 2022 KQRadio State News 0

Iowa Senate Republicans have released a tax plan to lower the state income tax to 3.6% within five years. Governor Reynolds has set a goal of lowering the rate to 4% in four years. A mechanism in the Senate GOP’s bill could eventually eliminate personal income taxes altogether. “Really, we’re in a position where we […]