Iowa tobacco tax plans face uncertain revenue gains
Iowa revenue projections show a $79.5 million higher current-year surplus and an $85 million rise for 2006, complicating plans to raise the tobacco tax. Senate leaders warn the cigarette tax debate may still go either way, with leaders noting any increase would likely stay below 80 cents per pack.
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Senate Bans Signal Changer Devices Across Iowa
The Iowa Senate approved House File 717 49 to 0 to outlaw sale ownership and use of signal preemption devices that force red lights green within 1500 feet. Convictions carry up to 500 dollars or 30 days in jail with emergency vehicle use exempted. The motion heads to Gov. Vilsack for signature. The session also moved electronic payment changes for property taxes and delinquency rules flexibility for cities counties.
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Des Moines
Tom Vilsack
Senate
House
Iowa House approves Newton Speedway tax rebate measure
The Iowa House approved a tax incentive for the Newton Speedway project along Interstate 80. The plan rebates the first 12.5 million dollars in sales taxes from the track. Rep. Danny Carroll said the project could create a new tourism draw, with many attendees from outside the state, aiding Newton's development after Maytag plant job losses. The vote was 80 to 18, sending the bill to the Senate.
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Newton Speedway
DES Moines
Interstate 80
Newton
Danny Carroll
R-Grinnell
Maytag Corp
House
Senate
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