(Des Moines) The State of Iowa will end the current fiscal year with a surplus of one-point-83 billion dollars in the General Fund. Governor Kim Reynolds says there’s also 902 million in reserves and two-point-74 billion in the Taxpayer Relief Fund. Last week, Governor Reynolds said Iowa’s corporate tax rate will drop to seven-point-one percent from eight-point-four percent for Tax Year 2024 because corporate tax receipts exceed 700 million dollars.
Iowa Year End Balance $1.83 Billion
Sep 28, 2023 | 5:41 AM
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