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IOWA TAX AMNESTY: $2 MILLION DOWN, $14 MILLION TO GO

October 08, 2007

The Iowa Tax Amnesty has so far raised $2 million of the $16 million in tax revenue that the state budgeteers are counting on. Presumably the bulk of the revenue will come in during the last week of the 2-month amnesty period that ends October 31.

There are no figures yet for the amount of revenue to be lost in the future to taxpayers who will expect Iowa to go for another amnesty the next time a new governor wants to spend some money.

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