Another issue’s added to the list for the special legislative session in two weeks: ensuring Iowans don’t get taxed on those federal rebates in the mail soon. The rebates of about 300-dollars per taxpayer will be mailed by the feds sometime later this summer. House Speaker Brent Siegrist a republican from Council Bluffs says President Bush and others hope the rebate money will help stimulate the economy. Those rebates will not be taxed at the federal level, and Siegrist says they shouldn’t be taxed by the state, either. Siegrist says it’s important to make that assurance now rather than wait ’til lawmakers come back in regular session in January. Siegrist says some taxpayers file their returns in early January, before lawmakers would be in session and have a chance to make the move. State officials estimate the refund checks will put about 400-million dollars into Iowans’ pockets.
SEARCH THIS SITE
- Creighton economist finds recession signs in Mid-America region
- Iowa’s animal shelters are running out of space to keep dogs and cats
- Iowa’s congressional delegation votes to expel Santos
- Iowa Supreme Court rules notes left at home with rainbow flag were a hate crime
- Grassley says little interest in Senate GOP for ObamaCare repeal