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Iowa House GOP Unveils Reworked Property Tax Plan. How Close Is a Deal?
The amendment would redirect $175 million to lower school levies and phase in a 25% transfer from SAVE funds by fiscal 2030-31.
- On Thursday, House Speaker Pat Grassley unveiled an amendment to House File 2745 proposing a 2% hard cap on revenue growth and a $15,000 homestead tax exemption for Iowans.
- With the legislative session ending Tuesday, lawmakers are racing to resolve differences between chambers after the Senate passed a bill Wednesday capping new property tax revenue at 2% to 5% per year.
- The House proposal directs $175 million to lower the $5.40 uniform school levy and creates a $10 million grant program to assist local governments with consolidation and shared service agreements.
- Gov. Kim Reynolds told reporters Thursday the measure "simplifies what we've been doing," while Sen. Dan Dawson has called for major changes rather than "Band-Aids" to Iowa's tax system.
- Negotiators continue working to bridge differences between chambers before the session concludes, with the House's 2% hard cap competing against the Senate's softer cap proposal.
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12 Articles
12 Articles
Ottumwa Courier+4 Reposted by 4 other sources
Iowa House Republicans introduce latest property tax ‘compromise’ proposal
Iowa House Republicans released the latest iteration of a potential property tax compromise Thursday — but a final solution is yet to be found as majorities in both chambers and the governor continue negotiations.
Coverage Details
Total News Sources12
Leaning Left2Leaning Right1Center7Last UpdatedBias Distribution70% Center
Bias Distribution
- 70% of the sources are Center
70% Center
L 20%
C 70%
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