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flag Iowa Senate approves bipartisan property tax reform bill to cap revenue growth and increase homestead exemptions.

flag 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. flag The bill also adjusts the gas tax for inflation. flag 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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