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You are here: Home / News / Pace of Iowa income tax refunds ahead of 2019

Pace of Iowa income tax refunds ahead of 2019

April 2, 2020 By O. Kay Henderson

State tax collections dropped nine percent in March.

That drop is not due to the COVID-19 pandemic, according to the Legislative Services Agency. It happened because the State of Iowa sent out $70 million more in state income tax refunds this March compared to March of last year.

The state fiscal year began July 1, 2019. Through March 31, 2020 there’s been a 4.2% increase in total state tax receipts. The first impact of the pandemic — the closure of many businesses and layoffs for thousands — will be shown in the end of April report on state tax collections.

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Filed Under: News, Politics / Govt Tagged With: Taxes

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