Panel informally OKs manufacturing tax break

DES MOINES – A legislative panel on Tuesday informally approved rules to expand a tax break for some manufacturers in Iowa, a proposal that’s been criticized by Democratic lawmakers. The Administrative Rules Review Committee wasn’t required to vote on the proposed changes by the Department of Revenue, so they became official following a presentation by the department. The rules will expand the sales and use tax exemption for certain machinery and equipment used for manufacturing. Department spokeswoman Victoria Daniels said the changes add clarity to the state’s tax rules

 

Newton Daily News

 

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