The Greater Cedar Valley Alliance & Chamber encourages our investors and business owners in the Cedar Valley to contact Senators and encourage them to pass the bill regarding Business Tax Coupling. |
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The Greater Cedar Valley Alliance & Chamber is closely watching legislation that would allow coupling of Iowa state taxes with federal tax law under Section 179 to allow tax deductions for equipment purchased, certain investments made, and particular individual deductions claimed by businesses in 2015.
Here are some of the items that will not be eligible for a deduction on your Iowa taxes if the Iowa Senate does not act:
The bill has already passed the Iowa House (House File 2092) and is now being considered by the Iowa Senate. Please contact your Senator and encourage them to pass this bill that would couple state and federal tax policies to allow for these business deductions. District 25 – Senator Bill Dix District 26 – Senator Mary Jo Wilhelm mary.jo.wilhelm@legis.iowa.gov District 27 – Senator Amanda Ragan District 30 – Senator Jeff Danielson District 31 – Senator Bill Dotzler District 32 – Senator Brian Schoenjahn brian.schoenjahn@legis.iowa.gov District 36 – Senator Steve Sodders District 38 – Senator Tim Kapucian Unsure who to contact? Find your district Senator here. For more information, contact Steve Firman, Director of Government Relations. |