Iowa Reports & Information

NEWS & MEDIA

The Latest News from CTJ's Tax Justice Blog

• Iowa Debates Property Tax Cuts - 05/2013
• State News Quick Hits: Pushback on Tax Cuts as Job Creators, and More - 05/2013
• Mid-Session Update on State Gas Tax Debates - 04/2013



ITEP in the News

• The Daily Iowan: Raise the gas tax to increase revenue - 02/2013
• The American Independent: Wells Fargo received most tax breaks since 2008, report says - 11/2011
• The Hawk Eye: Lawmakers struggling with preschool issue - 03/2011
• The Des Moines Register: Ideology differences carry over to Culver, Branstad tax plans - 10/2010
• The Des Moines Register: Iowa governor's race: Candidate views differ on effect of corporate tax cuts - 05/2010



ITEP Numbers and Reports

• Who Pays? (Fourth Edition) - 01/2013
• Iowa Fiscal Partnership: Putting Fairness First: Questions for Financing State and Local Government in Iowa - 03/2008
• Iowa Policy Project: Undocumented Immigrants in Iowa: Estimated Tax Contributions and Fiscal Impact - 10/2007
• Options for Income Tax Simplification in Iowa - 03/2003
• Choices for Iowa: Building a Better Tax System - 09/1998





ITEP in the News

• The Hawk Eye: Lawmakers struggling with preschool issue - 3/2011
• The Des Moines Register: Ideology differences carry over to Culver, Branstad tax plans - 10/2010
• The Des Moines Register: Iowa governor's race: Candidate views differ on effect of corporate tax cuts - 05/2010
• Mount Vernon-Libson Sun: Sun Editorial: Look at the complicated when tackling Iowa's budget - 12/2009
• Des Moines Register: Editorial: Aim for fairness in state tax policy - 12/2009
• Globe Gazette: Study says Iowa tax system unfair to poor - 11/2009
• The Iowa Independent: Report: Iowa tax code favors wealthiest residents - 11/2009



REPORTS, PUBLICATIONS, & TESTIMONY



• Institute on Taxation and Economic Policy: Don't Give Up on Pease: States Can Decouple from Recent Federal Tax Cuts for Wealthy Itemizers - 04/2011
• Institute on Taxation and Economic Policy: Topsy-Turvy: State Income Tax Deductions for Federal Income Taxes Turn Tax Fairness on its Head - 03/2011
• Institute on Taxation and Economic Policy: The ITEP Guide to Fair State and Local Taxes - 03/2011
• Iowa Fiscal Partnership: Income Tax Measure Costly, Increases Inequities - 02/2011
• Institute on Taxation and Economic Policy: "Writing Off" Tax Giveaways - 08/2010
• Institute on Taxation and Economic Policy: Who Pays? A Distributional Analysis of the Tax Systems in All 50 States - 11/2009
• Institute on Taxation and Economic Policy: Who Pays? Iowa Fact Sheet - 11/2009
• Institute on Taxation and Economic Policy: Combined Reporting: How Does Your State Stack Up? - 09/2009
• Iowa Fiscal Partnership: Putting Fairness First: Questions for Financing State and Local Government in Iowa - 03/2008
• Iowa Policy Project: Undocumented Immigrants in Iowa: Estimated Tax Contributions and Fiscal Impact - 10/2007
• Institute on Taxation and Economic Policy: Options for Income Tax Simplification in Iowa - 03/2003





RESOURCES




State Tax & Revenue Information

• Iowa Department of Revenue Publications
• Iowa Department of Revenue Economic and Statistical Reports



Tax Expenditure Reports

• Iowa Tax Expenditures
• Tax Credits Tracking and Analysis Program: 2007 Report to the General Assembly



State Statutes & Legislation

• Iowa Law
• Iowa Legislature General Assembly



State Tax Forms

• Iowa Tax Forms





ORGANIZATIONS



• Iowa Policy Project
• Child and Family Policy Center
• Iowa Fiscal Partnership

Iowa
By the Numbers

Below is a snapshot of key features of Iowa's tax system. (Scroll Down) State & Local Revenue (FY10) General Revenue, Own-Source (GROS): $19.0 billion General Revenue as a Share of Income: 16.7% Tax Revenue: $11.9 billion Tax Revenue as Share of income: 10.5% Personal Income Tax (Share of Tax Revenue): 23.0% (23 out of 51) Corporate Income Tax (Share of Tax Revenue): 1.6 % ( 42 out of 51) Sales & Excise Tax (Share of Tax Revenue): 33.5 % ( 26 out of 51) Property Tax (Share of Tax Revenue): 34.8 % ( 24 out of 51) Other Taxes (Share of Tax Revenue): 3.0 % (42 out of 51) Personal Income Tax Features (2012) Range of Tax Rates: 0.36% - 8.98% Standard Deduction: $1,830 ($4,500 for Married Couples) (2011) Personal Exemption: Credit=$40 Dependent Exemption: Credit=$40 Earned Income Tax Credit (EITC): 7% Refundable Notable Capital Gains Preference Deduction for federal income taxes paid Personal exemption is available as a credit Corporate Income Tax Features (2012) Range of Tax Rates: 6.00% - 12.00% Income Level at Which Top Rate Applies: $250,000 Combined Reporting: No Apportionment Factor (Payroll): 0% Apportionment Factor (Property): 0% Apportionment Factor (Sales): 100% Sales Tax Features (2012) State Sales Tax Rate: 6.00% Average Local Sales Tax Rate: 0.85% Average Combined State & Local Sales Tax Rate: 6.85% State Sales Tax Treatment of Groceries: Exempt Local Sales Tax Treatment of Groceries: Exempt Number of Services Taxed: 94 out of 168 surveyed Streamlined Sales Tax Membership: Full Sales tax holiday offered in 2012 Property Tax Features (2012) Taxable value of property cannot increase more than 4% annually Utilizes split roll system. Levies a car tax. Other Tax & Revenue Features (2012) Gasoline Tax Rate (per gallon): $0.22 Diesel Tax Rate (per gallon): $0.235 Cigarette Tax Rate (per pack): $1.36 Estate or Inheritance Tax: Yes Net Lottery Sales Per Capita: $79 Tax Policy Oversight Tax Expenditure Report: Yes Tax Incidence Analysis Capability: Personal income tax only Last Updated October 4, 2012 Sources & Glossary