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Mid income tax break could entice business

Posted: Monday, April 20th, 2009 at 4:22 am
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A measure that would give middle income Iowans a tax break, but take away the ability to claim federal taxes as a deduction at the state level could draw more business to the state. That news from State Senator Becky Schmitz, who was in Washington Saturday for a legislative briefing. Schmitz, alongside Representative Larry Marek, say the measure would mean a savings for about three-quarters of Iowa's population. Marek says Iowa is one of only a few states left that allow federal deductibility.

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