Iowa tax reform bill in the hands of the senate - WGEM.com: Quincy News, Weather, Sports, and Radio

Iowa tax reform bill in the hands of the senate

KEOKUK, Ia. (WGEM) -

A sweeping tax reform bill in Iowa is now in the hands of the Senate, but local officials say it might not be a good as it sounds.

The proposed legislation would reduce commercial property tax by 10% over the next two years.

If passed, the reform would also give tax breaks to apartment landlords, telecommunication companies and individual tax payers.

Keokuk Mayor Tom Marion says many cities would take a financial hit if the tax cuts are passed.

"You've lost that tax base. what really hurts is that goes into our general funds and that's all property tax, so that cuts our ability to provide services," said Marion.

Marion says he doesn't want to cut any services, so a tax increase might be inevitable in the future.

Powered by Frankly