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Senator Ragan touts bipartisan tax relief for farmers, small businesses, and teachers

This news story was published on March 15, 2016.
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Amanda Ragan

Amanda Ragan

DES MOINES – On March 15, State Senator Amanda Ragan of Mason City helped pass legislation that will benefit thousands of Iowa farmers, teachers, small business owners and college students. House File 2433, which “couples” Iowa’s tax code with recent federal tax changes, was approved on 50-0 vote on Tuesday, March 15.

“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.

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One Response to Senator Ragan touts bipartisan tax relief for farmers, small businesses, and teachers

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    Anonymous Reply Report comment

    March 16, 2016 at 11:28 am

    Small business owners HAD property relief bill passed 2 years ago – Here in Worth county supervisors Bartz/Hagen/Abrams got around that and gave all small business owners a 11% property tax assessment increase. This bill will help the schools and farmers but will be a fart in the wind to small business owners and we all know it. OH by the way these supervisors gave the farmers a 11% property tax DECREASE ! Sure thing -these supervisors own farm land. What else would you expect.. TRUMP 2016 !!!!!