Only eight days after its introduction, the bill to give Microsoft $36 million in tax breaks cleared its final hurdle in the Iowa Legislature, passing on a 48-2 vote.
Meanwhile, the legislature shows no urgency to help all Iowa businesses by conforming Iowa's depreciation rules to the new federal rules. Too bad Microsoft couldn't have lobbied for that, too.
The items included in the Tax Update Blog are informational only and are not meant as tax advice. Consult with your tax advisor to determine how any item applies to your situation.
Joe Kristan writes the Tax Update items, and any opinions expressed or implied are not necessarily shared by anyone else at Roth & Company, P.C. Address questions or comments on Tax Updates to