A group representing chambers of commerce and economic development organizations in Iowa’s 16 largest cities issued its annual “wish list” for the upcoming session of the Iowa Legislature. Jason Hutcheson, chair of the Iowa Chamber Alliance (ICA), says one of his group’s top priorities is tax reform.
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John Stineman, executive director of the I-C-A, says one possibility to simplifying Iowa’s tax system might involve eliminating federal deductibility.
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Currently, Iowa is one of a handful of states to permit tax filers to deduct all tax payments made to the federal government in calculating their state income tax liability.