HSB 721: HSB 721

What it does

This joint resolution proposes amendments to the Constitution of the State of Iowa by restricting certain state tax law changes and requiring a single rate for individual income taxes. RESTRICTIONS ON CERTAIN STATE TAX LAW CHANGES. The amendment requires a bill that increases the individual income tax rate or corporate income tax rate, or the rate of any other type of tax based upon income or legal and special reserves, to be adopted by at least two-thirds of the members elected to each house of the general assembly.

House subcommittee · named March 4, 2024

• Rep. Bobby Kaufmann (R) · bobby.kaufmann@legis.iowa.gov
• Rep. David Jacoby (D) · david.jacoby@legis.iowa.gov
• Rep. John H. Wills (R) · john.wills@legis.iowa.gov

Lobbying · 8 for, 10 against

For: Americans For Prosperity; Iowa Association of Business and Industry (ABI); Iowa Bankers Association; Iowa State Treasurer's Office; Iowa Taxpayers Association; Iowans for Tax Relief; National Federation of Independent Business (NFIB /IA); VALOR Iowa

Against: AFSCME Iowa Council 61; Common Good Iowa; Interfaith Alliance of Iowa Action Fund; Iowa Catholic Conference; Iowa Chapter of Sierra Club; Iowa Federation of Labor, AFL-CIO; Iowa State Education Association; North Central States Regional Council of Carpenters; Rural School Advocates of Iowa; Urban Education Network of Iowa

In plain words

1. February 20, 2024Filed in the House and sent to the Ways and Means committee
2. February 20, 2024House subcommittee named: Kaufmann, Boden, Jacoby, Wills, J. and Wilson
3. March 4, 2024House subcommittee named: Kaufmann, Jacoby, Wills and J
4. March 6, 2024Subcommittee recommended passing it
5. March 13, 2024Approved by the House committee
6. March 18, 2024Approved by the House committee, and given a new number: HJR 2006