Iowa 2003 legislative push aims to reform business rules
The Republicans propose broad changes to business liability unemployment workers compensation and environmental and contractor rules to lure investment. Senate passage hinges on GOP Democrat talks while Gov Vilsack backs compromise. A separate $810 million Iowa Values Fund would fund life sciences training research and infrastructure via uncollected Internet tax revenue or a cigarette tax increase. The governor supports the fund despite bond concerns and seeks income tax reform to three brackets with relief. Reinventing government and property tax reform also feature, with proposed savings 128 million and a sunset plan for replacing property taxes with value based assessments. governor favors simplification and a sunset of the current system.
MENTIONED IN THIS ARTICLE
Iowa
Lowa
Tom Vilsack
Silicon Prairie
Vilsack
GOP
Iowa Values Fund
Senate
House
Reinvent passes in rare session to save 128 million
Iowa lawmakers approved Gov. Tom Vilsack’s reinvention plan aimed at saving 128 million next year despite Democratic opposition. The measure shifts costs to local governments and taxpayers, with Senate passage 26 23 and House 51 47. The bill faces a veto risk but is supported as needed to close a 400 million budget shortfall.
MENTIONED IN THIS ARTICLE
James Q. Lynch
Rod Boshart
Gazette
Des Moines
Iowa
Tom Vilsack
Senate
Mike Gronstal
Council Bluffs
Jett Lamaberti
R-Ankeny
House
Public Strategies Group
Mitchesota Consulting
Reinvent plan eyed to save state funds via SF 453 changes
Senate File 453 proposals would begin July 1 and are projected to save the state about 128 million through restructuring state local equations charging agencies rent for space five new charter agencies reinventing AEAs and altering child welfare and DHS Medicaid services. Revolving loan funds would cover a 16.6 million gap and finance innovative practices per House Republican Staff analysis.
MENTIONED IN THIS ARTICLE
Senate
Aeas
Department of Human Services
House passes bill limiting TIF districts in Iowa
Iowa House approved House File 686 to cap tax increment financing TIF districts at 5 percent of city taxable property value unless county approval or city only tax share applies and to a maximum 20 year duration The move follows disclosure of 1 74 billion dollars in TIF debt prompting officials to defend the tool while Cedar Rapids Mayor Paul Pate cautions against overinterpreting the figure
MENTIONED IN THIS ARTICLE
James Q. Lynch
Ha Gazette
Des Moines
Iowa
Iowa House
County Board of Supervisors
Cedar Rapids
Paul Pate
City TIF Debt Report Highlights Growth and Jobs
Pate's spokesman Doug Wagner says since 1996 the city has issued $18.5 million in economic development grants and completed $26.5 million in infrastructure upgrades with TIF revenue. The program leveraged $120 million in private investment, created 3,700 jobs, and produced an annual payroll of $83.7 million.
MENTIONED IN THIS ARTICLE
Pate
Doug Wagner
Iowa Governor outlines reforms and revenue options in tax plan
Vilsack urged Republicans to bridge income tax gaps by shrinking nine brackets to three, ending federal deductibility, and using a sunset to find new revenue. Senate GOP favors temporary sales tax hikes or higher cigarette taxes to offset a $310 million shortfall. He praised a growth plan to attract high tech jobs while House leaders backed regulatory reforms and Values Fund alignment.
MENTIONED IN THIS ARTICLE
Iowa
Vilsack
House
Senate
Republicans
Senate Republicans
Christopher Rants
Sioux City
Rants
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Fea Speers
Rieivor
David Miller
Batavia
Kitty Rehberg
Rowley
Ron Wieck
Dick Dearden
Joseph Tyf Bettendorf
Geng
Maddox
Robert Osterhaus
D-Maquoketa
Rep
Bill
West Des Moines
Coralville
Dubuque
Legislative Fiscal Bureau
Stewart Iverson
R-Dows
Iverson
Legag Ae
East Iowa News
Ajram
6Th Street
CASH
Fri. & Sat
Spm Sun
Eastern
Hearing Aid Service
Mary Beth Dove Owners
Blairs Forest Way
Blairs Forest Plaza
Miracle Ear
Chrysler
First Avenue
S. Gilbert St
Iowa City
Ange
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