Friday February 10th 2012

Posts Tagged ‘Property Tax Relief’

Equitable Funding for Schools, $207 Million for Property Tax Relief

Rep. Mike ReasonerThe Iowa House approved a bi-partisan plan to redistribute the one cent sales tax currently collected for schools on an equitable basis and provide $207 million in property tax relief over the next six years.

“Every student deserves a quality education in Iowa and the bill approved today will make school funding more equitable for students, especially in rural Iowa and property tax poor school districts. Over the next six years, the bill provides nearly $207 million in property tax relief for Iowa families, businesses, and farmers,” said State Representative Mike Reasoner of Creston. (more…)

Bill Summary: Statewide Sales Tax for Schools/Property Tax Relief (HF 2663)

HF 2663, Bill Summary

HF 2663, Amendment Summary

School Infrastructure & Property Tax Relief Plan Advances

Rep. Mike ReasonerAfter a bi-partisan 18-6 vote in the House Ways & Means Committee late Thursday, a plan to redistribute the one cent sales tax currently collected for schools on an equitable basis now moves to the House Floor. The plan also provides $24 million in property tax relief.

“Every county in Iowa already collects an extra penny sales tax for schools, but many schools districts, especially in rural Iowa, are at a severe disadvantage. The plan approved last night will equalize funding for schools to ensure every child gets their share of state resources. It will also provide significant property tax relief for Iowans,” said State Representative Mike Reasoner of Creston, who managed the bill to approval in Ways & Means. (more…)

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