Iowa Property Tax Debate Heads to Joint Committee

Posted at: 04/25/2013 12:38 PM

DES MOINES, Iowa (AP) - Iowa legislative leaders say proposals to cut commercial property taxes will soon move to a joint negotiating committee.

Leaders say Thursday that the issue would soon be in a committee where lawmakers from both parties and chambers will try to reach a compromise.
The Republican-controlled House and the Democratic-majority Senate have approved different approaches to reducing commercial property taxes. The House has backed a plan from Gov. Terry Branstad that would gradually decrease taxable assessments for commercial and industrial property owners. The Senate favors a plan that provides tax credits and tries to offer more relief to small business owners.
Senate Majority Leader Mike Gronstal, of Council Bluffs, says the issue is making more progress than it has in previous years.
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4/25/2013 11:57:51 AM (GMT -5:00)