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Cedar Rapids Gazette in Cedar Rapids, Iowa

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Newspaper

Cedar Rapids Gazette

Location

Cedar Rapids, Iowa, United States of America

Date

Apr 22, 1994

Page

8

Iowa board to cut CEBA loans to 500000 with wage tests

Iowa Economic Development Board endorsed tentative CEBA rule changes to cap forgivable loans at 500000 and raise wage thresholds for eligibility. Firms could receive up to 1 million for exceptional projects, while two year old businesses may access up to 100000 with lower wage requirements. Public comment ends May 31 ahead of potential June final action.

Rod Boshart Gazette Des Moines Bureau Des Moines Iowa State Department of Economic Development DED Mike Miller Economic Development Board Allan Thoms Thoms Culmi

GOP senators rail on Democrats over stalled tax breaks

Senate Republicans blasted Democrats for failing to pass business tax breaks in the 1994 session and urged voters to back a GOP majority this fall to finish the work. They criticized delays on repealing the 30 percent machinery and equipment tax and suggested a special session, noting upcoming primary politics.

Rod Boshart Des Moines Senate Jack Rife Durant Rife M&e Terry Branstad Eral Assembly Jim Lind Waterloo Senate Democrats House

Iowa official predicts inevitable end to property tax on machinery

Des Moines says the head of the Department of Economic Development Allan Thoms foresees elimination of the machinery and equipment property tax as inevitable. He notes the state has leveraged tax incentives and new tools like the gold card plan to attract large projects, while rural revitalization and NAFTA-related efforts boost opportunities for Iowa businesses and ag value.

Rod Boshart Des Moines Department of Economic Development DED M&e Iowa Allan Thoms Thoms Mexico

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