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Iowa Governor presses IRS on 50 million rebate tax exemption
Gov. Robert Ray demands federal tax exemption for Iowa's 50 million one time rebate arguing alignment with congressional intent and a similar 1974 federal rebate. IRS says treat as refund and could tax about 3 to 4 million. Ray seeks reversal.
MENTIONED IN THIS ARTICLE
Des Moines
Robert Ray
Uncle Sam
Iowa
Internal Revenue Service
Ray
IRS
Jerome Kurtz
Internal Revenue Code
Aaron Feibel
Legislature
Consid
Feibel