Iowa Legislature passed the largest tax cut in state history and adds sales taxes on ride share and online or app purchases.
Iowa’s Governor said the following 6 points about the tax cut:
- immediate and significant tax relief
- It’s simple
- It’s transparent
- It’s fair for Main Street
- Most importantly, it’s sustainable for our state budget
- fiscally responsible for the long-term … ensuring that we can fund our key priorities like education, health care and public safety,” she said.
What is the tax cut? An income tax cut
Governing | Iowa Governor Signs Largest Tax Cut in State’s History