2025 Iowa tax revenues projected to remain steady, with slight decrease in 2021 due to income tax cuts.
Iowa's tax revenues are expected to decrease slightly this year but remain steady in 2025, according to the latest projections from the state's Revenue Estimating Conference. Income tax cuts for individuals and corporations have driven down revenues from those sources, while increasing consumer spending is expected to increase revenues from sales tax. In the upcoming fiscal year, total revenue is anticipated to reach $9.7 billion.
March 15, 2024
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