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BAIT, MEET SWITCH
April 23, 2008
The Iowa Legislature has voted to replace the 1-cent local option sales tax with a permanent statewide 1-cent increase in the sales tax. This completes the bait-and-switch. The local-option tax was originally sold as a tax that could be rolled back by the voters if it were no longer needed; it had to be renewed by referendum every ten years. Sorry, suckers!
The Governor is sure to sign the sales tax increase, just as he has signed the statewide increase in vehicle registration fees. After all, Microsoft, Google and Hollywood need the money. And Hormel, and...
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Joe Kristan writes the Tax Update items, and any opinions expressed or implied are not neccesarily shared by anyone else at Roth & Company, P.C. Address questions or comments on Tax Updates to
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