TAX CUTS: Branstad To Sign Bill

Posted on: 10:39 am, June 12, 2013, by

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Gov. Terry Branstad is set to sign the largest tax cut in Iowa history Wednesday.

Senate File 295 provides $4.9 billion in tax relief over ten years.

Part of it, is 10-percent cut in commercial and industrial property taxes, coupled with $125 million in property tax credits for small business.

The bill also saves Iowa tax payers approximately $90 million in annual income tax.

Gov. Branstad will sign the bill Wednesday afternoon in Hiawatha.

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