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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Feb 17, 2005
Page
10
Democratic Reps Swati Dandekar and Dave Jacoby propose House File 323 to provide 50 million in tax credits the first year and 200 million annually through 2011 to spur business expansion. The plan targets commercial and industrial property and aims to level the field for new and existing businesses across Iowa.
Senator Joe Belkcom urges Iowans to use free electronic filing to avoid high interest refund-anticipation loans. He cites 58 percent online filing in Iowa and promotes Senate File 145 to cap rates at 21 percent and require lender registration and clear fee disclosures.
A Senate measure reallocates about 1 million for Iowa soldiers on active duty and families, expanding college tuition benefits, counseling, and home down payment help. It would offer up to three free counseling sessions for deployed Guard and reserve families and 100 percent tuition at state or private colleges, with a life insurance proposal under study.
A set of proposed and existing measures aim to aid Iowa service members and their families. Provisions include lease termination for deployed or reassigned personnel, a $12000 death gratuity tax exemption, 180 day tax filing extensions for those in combat zones, deductions for military expenses, and student loan tax relief. Further plans would fund full tuition at state and private colleges and create a Military Relief Fund with emergency grants. Counseling and home ownership assistance are also proposed.
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