Tuesday, January 25, 2011

Insurance tax could be eliminated

State lawmakers are considering a proposal that would eliminate a small tax on insurance companies that decide to move their headquarters to Iowa. Right now, insurance companies that move into the state have to pay a $10,000 transfer tax. Sen. Swati Dandekar of Marion says this is just an effort to be welcoming. The bill was approved in a subcommittee meeting in the Iowa Senate yesterday.

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