The global business center for DuPont Pioneer will be in Johnston, Iowa, but DuPont and Dow Chemical executives have decided Delaware will be home to the corporate headquarters for the world’s largest seed company. Bill Dix of Shell Rock, the Republican leader in the Iowa Senate, suggests this should be a wake-up call for state policymakers.
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The State of Iowa is providing the company 14-million dollars in research tax credits for the retention of up to 500 high-paying “R-and-D” jobs in Johnston. Dix says this corporate decision shows it’s time for a discussion of eliminating the state income tax.
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Dix is an advocate of eliminating the state income tax for both individuals and corporations. The state income tax on corporations ranges from six to 12 percent and is based on how profitable the company is.