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 … [Read more...]
Federal tax filing deadline pushed back, CPA says file now if you are getting rebate
The fight against coronavirus is bringing changes almost daily in many aspects of our lives -- including relaxing the deadlines on when we have to file our state and federal income tax returns. Urbandale CPA Jeff Strawhacker says an announcement from Washington D.C. this morning is shifting back … [Read more...]
State tax deadlines extended amid COVID-19 outbreak
The state's top tax official has extended the deadlines for filing a variety of taxes, including individual income tax returns that had been due April 30th. Individual state income tax returns are now due by July 31st. The filing and payment periods for several types of state taxes, including … [Read more...]
Advocates seek boost in state money for trails
A coalition of organizations is lobbying legislators to expand the state's trail system. Iowa Bicycle Coalition executive director Mark Wyatt says the governor's plan to raise the state sales tax would place money in the Natural Resources and Outdoor Recreation Fund. "Greater investment in … [Read more...]
Iowa panel says economic impact of covid-19 unknown
A three-member panel says it is too soon to calculate what, if any, impact the coronavirus pandemic may have on state tax revenue. "I think everybody in the world would like to know what the final outcome is going to be," said Dave Roederer, the governor's budget director who is a member of the … [Read more...]
First legislative hearing for governor’s Invest in Iowa Act
The sweeping tax plan Republican Governor Kim Reynolds calls the "Invest in Iowa Act" got its first hearing at the statehouse this week. It would raise the sales tax to fill a state fund for outdoor recreation and water quality projects. Dustin Miller with the Iowa Chamber Alliance said that part … [Read more...]
Pace of individual income tax returns ahead of 2019
A greater amount of Iowa income tax refunds has been issued so far this tax season when compared to this time last year. According to the Legislative Services Agency, $52 million more in individual income tax refunds has been issued in the past two months compared to January and February of last … [Read more...]
Governor says Iowans will convince lawmakers to pass Invest in Iowa Act
Governor Kim Reynolds plans to hold half a dozen town hall meetings this week to tout the "Invest in Iowa Act" she unveiled seven weeks ago. The plan includes income tax cuts and would reduce overall tax revenue to the state by about $7 million. However, it would also require the governor's … [Read more...]
IRS looking for fill jobs at its West Des Moines call center
The Internal Revenue Service is looking for several people in Iowa to fill open positions. Spokesman Chris Miller says, "The IRS hopes to hire up to 150 new seasonal employees to work at our call center in West Des Moines." He says they are taking applications right now. "Both the seasonal … [Read more...]
Nestle and Timken in Clinton win state incentives for 157 jobs
The Iowa Economic Development Authority Board today approved tax incentives for two Clinton companies which promise to create 157 jobs. IEDA spokesperson, Jessica O'Riley, says tax incentives were approved for the Nestleè Purina plant which has produced dog and cat food in Clinton since 1969. … [Read more...]