Iowa Tax Reform Legislation Will Boost the State Economy
The passing of the federal Tax Cuts and Jobs Act in December 2017 made it necessary to bring the Iowa tax code into conformity with the new federal code. With SF 2417, the Iowa legislature used the new federal law as an opportunity to simplify the state tax code and to cut the state’s marginal income tax rates. The Beacon Hill Institute for Public Policy Research (BHI) estimated the…
