Tax Relief for Businesses - KWWL - Eastern Iowa Breaking News, Weather, Closings

Tax Relief for Businesses

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DES MOINES (KWWL) -

Iowa Legislators are working on tax relief for local businesses. 

According to our partners at the telegraph herald, a bill would allow municipalities to create reinvestment districts. 

That would give them the ability to invest two-thirds of future sales tax and all impending hotel and motel tax revenue on new projects would be used to pay the debt on those projects. 

This could have a major impact on projects already in motion like the Field of Dreams project in Dyersville. 

Currently, there is support in both houses to pass this type of legislation.

 

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