“I’ve very happy the Senate supported this legislation and done so unanimously,” said Ragan. “I’ve been contacted by many people who were counting on coupling. They include farmers, small business owners, teachers and others.”
The effort to bring Iowa’s tax laws into alignment with federal tax changes was delayed by the U.S. Congress. It then became the subject of bipartisan negotiations at the Iowa Statehouse. If approved by the Iowa House and Governor Branstad, farmers and small business people will be able to take a larger deduction for new equipment purchased during 2015. Iowa teachers will be able to deduct $250 for classroom expenses, and college students will be able to deduct more education expenses.
“I hope House File 2433 reaches Governor Branstad’s desk soon and that he chooses to sign it,” said Ragan.
