|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.
|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
District 27 – Senator Amanda Ragan
District 30 – Senator Jeff Danielson
District 31 – Senator Bill Dotzler
District 32 – Senator Brian Schoenjahn
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.
The Alliance & Chamber Government Relations Committee hosted the 2014 Cedar Valley Legislative Reception on Tuesday, February 11th in Des Moines. The reception offers investors the unique opportunity to speak with policy makers face to face in a casual environment.
In spite of the House being in debate until almost 6:15 pm and other competing functions, those in attendance from the Cedar Valley were among some of the most important players at the State House: the Governor; the Lt. Governor; Debi Durham and her right hand man, Tim Whipple from the Iowa Economic Development Authority; Senate Majority Leader Mike Gronstal (who said this was his #1 priority event for the evening); the Senators from Black Hawk, Bill Dotzler and Jeff Danielson, who was the first to arrive and one of the last to leave; Senate President Pam Jochum; and House Assistant Majority Leader Walt Rogers. In all, 10 Senators and four Representatives were in attendance. President Mark Kittrell and Communications & Marketing Director, Tonja Richards represented the Iowa Innovation Corporation with whom we are working on the Iowa Advanced Manufacturing Center.