Hendrickson: Iowa taxpayers win big in 2024

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Hendrickson: Iowa taxpayers win big in 2024

Iowa’s legislature continued the tax cut momentum, by passing the fourth round of income tax reforms in recent years. This new legislation will push Iowa’s personal income tax down to a single, flat rate of 3.8 percent in 2025, delivering more than $1 billion of tax relief over the next six years. Further, the legislature passed two important taxpayer protections, which include a two-thirds majority requirement of both houses of the legislature …