Gov. Kim Reynolds praised the Iowa House of Representatives and Iowa Senate Saturday following their passage of historic tax reform, Senate File 2417.
"Republicans led on tax reform in 2018," Gov. Reynolds said. "As a result, hardworking, middle class Iowa families, farmers, small business owners and workers get meaningful relief, all while Iowa's budget priorities in future years are protected."
Senate File 2417 modernizes Iowa's outdated tax code by prioritizing Iowa's hardworking, middle class families; reducing rates and eliminating federal deductibility, making Iowa's tax code more competitive and transparent; dramatically simplifying Iowa's overly complicated tax code; ensuring fairness for Main Street businesses in the modern economy; and protecting budget sustainability in future years.