Friday, May 4, 2012

House GOP Introduce Property Tax Plan

Iowa House Republicans have introduced a property tax reform bill separate from one agreed on by Gov. Branstad and State Senate Democrats. KCCI reports a spokesperson for the governor says the House plan has what's needed for an agreement. The House plan has permanent reductions in property value for commercial and industrial properties, property tax credits for businesses, and changes to treat rental properties the same as residential properties for tax purposes.

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