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The Des Moines Register reports that the West Des Moines City Council wants to do the big property tax giveaways for server farms one better. Based on inquiries from "a handful of companies" who they will not name, but one of whom uses a city council member as a lawyer, they plan to give a five-year property tax rebate for server farm projects.
Meanwhile, Business Week reports that West Des Moines is fourth on the list of smaller cities vulnerable to a downturn in the financial industry (via Rush Nigut). I'm not sure how well thought-out the article is, as it uses this picture:

Which, of course, is not West Des Moines; it's downtown Des Moines. It is a bit disturbing, though, in that Tax Update World Headquarters is exactly in the center of the picture they use to illustrate ground zero of the financial disaster - the whitish building. If you look close, maybe you can see me waving.
Related: Spillover Effects
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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 neccesarily shared by anyone else at Roth & Company, P.C. Address questions or comments on Tax Updates to
Comments
Can you see the Golden Dome from your office?
Posted by: Bruce | September 30, 2008 1:44 PM
No, I can't see the dome; the Plaza condos block the view. I do have a great view of the county jail exercise pen, though, and sometimes I think they have a better class of inmates that the capitol does.
Posted by: Joe Kristan | September 30, 2008 2:57 PM