Conference committee makes little progress on Iowa bonus depreciation bill

March 11th, 2011 by Joe Kristan

The Des Moines Register reports that the legislators trying to reconcile the separate bills passed by the houses of the Iowa General Assembly are so far too busy preening to tell us what the tax law is for the returns we are trying to prepare right now:

House Republicans said they don’t want that tax break in the bill they’re trying to reach a compromise over, saying it should be part of a larger discussion about a 20 percent income tax cut for all Iowans…
Gronstal pointed out that thousands of low-income working Iowans don’t have any state income tax liability and instead get money back

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