Iowa has a graduated corporate income tax, with rates ranging from 5.5 percent to 7.1 percent. Iowa also has a 6.00 percent state sales tax rate and an average combined state and local …

Mar 14, 2022 · Once current reforms have phased in, Iowa will be able to boast a 3.9 percent single-rate individual income tax, a 5.5 percent flat corporate income tax, and no inheritance …

Under recent reforms, Iowa has lowered income tax rates, eliminated an unusual and counterproductive policy of federal deductibility, repealed the alternative minimum tax, and …

Jan 20, 2025 · ITR Foundation set the policy groundwork for many recent taxpayer victories in Iowa: Increased property tax transparency and spending restraint; A 3.8% flat individual …

Oct 31, 2024 · The Tax Foundation attributes Iowa’s substantial improvement to key measures, such as lowering income tax rates, eliminating federal deductibility, repealing the alternative …

Jan 6, 2025 · Conservative budgeting is central to public policy in Iowa, helping create a strong fiscal foundation. Fiscal conservatism has allowed Iowa to make historic income tax…

Improving tax structure. Iowa’s corporate income tax code diverges from best practices in a number of ways which yield relatively little revenue while substantially increasing compliance …

Informing Iowans about sound fiscal policy; provide state policymakers with nonpartisan research about the impact of specific tax and spending policies; advocate for the adoption of rational …

Since its formation in 1935, the Iowa Taxpayers Association's mission has been to educate and inform Iowans about sound fiscal policy; provide state policymakers with objective, nonpartisan …

Oct 16, 2024 · By requiring a two-thirds supermajority to raise taxes and constitutionally protecting the flat tax, Iowa can ensure that these pro-growth reforms endure, prevent sudden tax hikes, …