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Iowa Senate approves bipartisan property tax reform bill to cap revenue growth and increase homestead exemptions.
The Iowa Senate passed a bipartisan property tax reform bill to cap city and county revenue growth at 2% to 5%, replacing the old system with a 50% homestead tax exemption and increased credits for seniors.
The bill also adjusts the gas tax for inflation.
It now moves to the House for negotiations, though disagreements remain with the Governor and House over specific tax cap details.
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El Senado de Iowa aprueba un proyecto de ley bipartidista de reforma de impuestos a la propiedad para limitar el crecimiento de los ingresos y aumentar las exenciones de viviendas.