Iowa Senate advances property tax credit plan
DES MOINES (AP) — The Iowa Senate approved a plan to reduce commercial property taxes Monday, setting up a fight with the House, which favors an alternate proposal from Gov. Terry Branstad.
The Democratic-controlled Senate voted 29-21 in favor of the plan, which would gradually provide commercial and industrial property owners with a tax credit.
“One of the best ways to help Iowa’s middle class is to grow Main Street. It will cut commercial property taxes for every Iowa business,” said Democratic Sen. Matt McCoy, of Des Moines.
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