New Iowa Laws for 2109:
- The Iowa Department of Revenue estimates Iowans will save on average $300 a year from income tax cuts.
- While income taxes will go down, sales taxes will increase.
- New sales taxes will be applied to video streaming services.
- The Iowa Department of Revenue expects sales tax changes to raise $66.7 million in new revenue in fiscal year 2019.
- By fiscal year 2024, those changes should add $177.8 million in new revenue.
Read the full article on KHQA