• Home
  • News
    • Politics & Government
    • Business & Economy
    • Crime / Courts
    • Health / Medicine
  • Sports
    • High School Sports
    • Radio Iowa Poll
  • Affiliates
    • Affiliate Support Page
  • Contact Us
    • Reporters

Radio Iowa

Iowa's Radio News Network

You are here: Home / News / Tax payments to State of Iowa dropped 39% last month

Tax payments to State of Iowa dropped 39% last month

May 5, 2020 By O. Kay Henderson

State tax revenues plunged 39 percent in April.

One reason for that double-digit drop is the delayed deadline for paying state income taxes. Individuals and corporations normally must pay their state income taxes by April 30th, but during the pandemic state officials pushed the due date to July 31st.

State officials will have to come up with an estimate of the pandemic’s economic impact as they rework their state budget plans for the fiscal year that begins July 1st. The Iowa legislature is currently scheduled to reconvene on May 15th. Leaders say their main goal is passing a new state budget plan. Governor Kim Reynolds says she’s meeting with her staff to come up with budget recommendations.

Moody’s Analytics, a research firm focused on finance, has estimated the State of Iowa’s budget must be cut at least five percent.

Share this:

  • Facebook
  • Twitter

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

Featured Stories

Iowans 65+ now eligible in next phase of Covid vaccinations

Bill would remove transfer limits in five Iowa school districts

Former Iowa sports talk host sentenced to federal prison for ticket scams

Feenstra only member of Iowa delegation not at Biden’s inauguration

Congresswoman Axne favors Biden pandemic relief plan, Hinson not ruling out a ‘yes’

TwitterFacebook
Tweets by RadioIowa

UNI adds two nonconference games to basketball schedule

Iowa State-Kansas postponed

Iowa-Michigan State postponed

Fire damage to Riverfront Stadium electrical system will cost Waterloo thousands

Iowa State at Kansas State postponed

More Sports

eNews and Updates

Enter your email address:

Delivered by FeedBurner

Archives

Copyright © 2021 ยท Learfield News & Ag, LLC