Work on remaining legislation is progressing gradually as both chambers, along with the Governor's office, work to agree on final details for mental health funding and budget/tax bills.
HOUSE TAX OMNIBUS BILL:HF 893- MONITORING(Voted out of the House Ways and Means Committee unanimously)
Exempts PPP/covid income from taxation
Strikes 2018 income tax triggers, phases out the inheritance tax over 9 years among other things
SENATE TAX OMNIBUS BILL:SSB 1276- MONITORING (Introduced)
Exempts PPP/covid income from taxation
Strikes 2018 income tax triggers, includes changes to beginning farmer tax credits-- allows for 15 year participation among other things
Mental health funding shifted to state from property tax backfill
OVERWEIGHT FLUID MILK PERMITS FOR INTERSTATE TRAVEL: HF 869- SUPPORT
Fluid milk has been deemed an indivisible load by the Federal Government and thus eligible to haul overweight on interstates up to 96,000 lbs for a permit at $400/year
CENTRAL FILING: SF 486- OPPOSE (No recent movement)
Introduced by the Iowa Bankers Assn and Wells Fargo
This bill would create a central filing system that all buyers (local sale barns, meat processors, lockers, grain buyers, grocers, etc.) would have to check before issuing payment to each farmer
Current bill registrations (all ag groups against, bankers support) HERE
We are following and tracking several other bills and will keep you posted if/when there are updates and changes.
