Latest news with #IowaLegislation
Yahoo
20 hours ago
- Business
- Yahoo
Kim Reynolds talked taxes and unemployment in Pleasant Hill
DES MOINES, Iowa — Iowa Governor Kim Reynolds put a bullseye on cutting taxes during the recent legislative session. On June 5 in Pleasant Hill, she signed off on a law helping business owners. Reynolds autographed the measure while visiting a metal building manufacturer in the Des Moines suburb. The change will reduce the amount of money businesses pay in unemployment insurance taxes. Story continues below Top Story: McCook Lake residents in need of more dirt to rebuild homes Lights & Sirens: Traffic violation scam alarms Siouxlanders; police issue alert Sports: Bishop Heelan girls soccer drops 1A State semifinal match to Davenport Assumption in 1-0 defeat Weather: Get the latest weather forecast here In a released statement, Reynolds said the state's unemployment trust fund has a nearly $2 billion fund balance and is the ninth highest in the country. Iowa ranks 32nd in population. 'Senate File 607 will cut the taxable wage base by half. It lowers the maximum tax rate to 5.4%, which was 9% before this. And it streamlines the system while saving businesses, as you heard, nearly a billion dollars over 5 years,' said Reynolds. Reynolds has until June 14, a little more than a week, to sign or veto bills approved during the session. She is yet to make a decision on new restrictions for carbon pipeline developers. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
24-05-2025
- Business
- Yahoo
Iowa Eminent Domain Bill passes: Countdown starts for Reynold's signature
DES MOINES, Iowa (KCAU) — Iowa Governor Kim Reynolds is speaking out about the Eminent Domain Bill that passed in the state legislature. The legislation would add requirements relating to that process, including a CO2 pipeline company to hold information meetings where property rights will be affected 30 days before filing a petition for a new pipeline. Story continues below Top Story: Sioux City pools to open just in time for summer vacation Lights & Sirens: Sioux City Police Dept. takes wanted suspect into custody Sports: Local Iowa high school state track and field highlights and results (5-23-25) Weather: Get the latest weather forecast here The governor said she's started meeting with stakeholders on both sides of the issue this week. That's expected to continue into next week; Reynolds adds her team is doing research on the measure. The governor has until June 14 to either veto the measure or sign the bill into law. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
