Radio Iowa: House GOP proposes immediate tax exemption for retirement income
Fifty-five Republicans in the Iowa House are co-sponsoring a bill to immediately exempt retirement income from the Iowa income tax.
The idea is part of the tax plan Republican Governor Kim Reynolds has presented to lawmakers.
“The governor’s plan calls for starting this in 2023. Mine makes it retroactive to January 1, 2022. Either one’s fine with me,” Representative Gary Mohr, the bill’s lead sponsor, said this morning during a news conference on the House floor. “It’s just important to me that we get this enacted.”