Friday, October 9, 2015

Legislative Alert: 1 cent Tax Change, Affects Tech & Computer Purchases

The Iowa Department of Revenue is proposing a major tax change using the administrative rules process. The effect of the proposed change would be to eliminate technology and computer purchases from Iowa's 1 cent sales tax for schools.

On Oct. 13, the Administrative Rules Review Committee of the Iowa Legislature will discuss the proposed rule change, which is estimated to reduce corporate taxes by at least $37 million a year. This proposal, which was rejected in 2013 by the Legislature, would mean Iowa would have $37 million LESS each year to invest in education.

Those wishing to attend this hearing should be at the Iowa State Capitol, Room 116, Oct. 13 by 10:30 a.m. Short statements from attendees may be allowed at the hearing. Please consider attending the public hearing and/or sending your comments to the Governor.

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