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You are here: Home / Business / Gross proposes tax breaks to spur business

Gross proposes tax breaks to spur business

April 30, 2002 By admin

Republican candidate for Governor Doug Gross is proposing some tax breaks he says will make Iowa’s business climate more attractive for start-up companies.Gross says the state “research and development” tax credit should be doubled for all businesses. Today, the Iowa “R-and-D” credit applies only to businesses that have invested at least 10-millon dollars. He says start-up businesses don’t qualify, but they need the help.Gross also proposes extending the number of years start-up businesses can spread out their operating losses.Gross’ third idea: an investment tax credit, particularly for advance manufacturing.Gross says Iowa can’t grow a mountain or an ocean, but it should make the tax climate better for businesses. Earlier this morning, Gross visited a Des Moines firm that’s starting a venture capitol fund for high-tech businesses.

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Filed Under: Business, Politics / Govt Tagged With: Republican Party, Taxes

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