Brookings tax reform proposals aim to broaden base
Brookings Institute outlines sweeping Iowa tax reforms to protect state finances. It recommends retaining the general property tax while expanding to business taxes, reforming assessment, and creating a county level assessor system. It suggests taxing intangibles, revising exemptions, and shifting some revenues to a state tax commission with uniform administration. The report also covers cigaret taxes, insurance premium taxes, and motor vehicle taxes, with phased changes and transitional steps.
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