(DES MOINES) – Gov. Terry E. Branstad on Thursday signed the following bills into law:
Senate File 432 – An Act relating to the administration of the tax and related laws of the department of revenue, including administration of income taxes, sales and use and excise taxes, an environment protection charge, and property taxes, and including effective date and retroactive applicability provisions.
Senate File 433 – an Act relating to the requirements and administration of the targeted jobs withholding credit pilot project and including applicability provisions.
Senate File 436 – An Act relating to the historic preservation and cultural and entertainment district tax credit by modifying the definition of substantial rehabilitation, the qualifications for certain projects, and including effective date and applicability provisions.
I want to thank Mr. Branstad for the effort on the property tax relief bill for small business owners. Give and take over the last 2 years on this bill – fact 1 is that our city (casino area) has revaluated our propery UP by almost 30% over the last 2 years -SO! well the new deal only gives back 20% -SO! well thats a 10% INCREASE not a deduction! – And the PORK BARRELERS got in there – 3% allowable growth (school teachers) instead of 2% – and how in the hell did earned income recepients get into this bii – probably alot more fat when fully unraveled like OWEBAMACARE – That should put a few more nails into the coffin of recession.
You’re not supposed to run your own business unless your prepared to give up booty to Caesar. You’re supposed to get a government job, get free medical care and ride the lightning.