Key committee leaders in the Iowa House have launched an examination of the hundreds of millions of dollars in tax credits the state awards every year. They range from the earned income tax credit for low income Iowans to tax credits for companies that conduct research. Guy Vander Linden of Oskaloosa is the Republican who leads the tax-writing committee in the Iowa House,
House Appropriations Chairman Pat Grassley says ALL tax credits should be reviewed — and he expects Democrats and Republicans will be “upset” that their preferred tax credit might be eliminated.
Members of the House Appropriations and Ways and Means Committees heard an hour long presentation about the wide range of tax credits the state offers and how much each is worth to Iowa taxpayers. Legislators say it may be necessary to hire an outside consultant to do an analysis that shows if the tax credits are providing the kind of results envisioned when the credits were established.
