House Republicans Release Information on New Business Property Tax Credit

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(DES MOINES) – Today, House Republicans released details regarding the newly-created Business Property Tax Credit.  The credit, which House Republicans supported, was passed by the Legislature in 2013 in a bipartisan manner.

In order to receive the credit, property owners have to go through an application process that is already underway.  This application must be filed with the city or county assessor where the property is located by January 15, 2014 for credit on taxes payable 2014-2015.

“Employers and businesses are the backbone of this state and we must do what we can to help them succeed and employ folks in our communities,” said Speaker Kraig Paulsen.

To download an application visit: www.iowa.gov/tax/locgov/54-024.pdf  and for more information visit: www.iowa.gov/tax/locgov/13PTReform.html.

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