By Associated Press - Friday, April 27, 2018

DES MOINES, Iowa (AP) - Republicans in the Iowa Legislature have announced in a late Friday email that they’ve reached an agreement to overhaul the state’s tax system and cut taxes.

Gov. Kim Reynolds says in a press release sent after 5 p.m. that she and other top Republican lawmakers made a “historic” deal that would include cutting individual income taxes and some corporate taxes.

Reynolds’ office says a bill is not available for the public to review because it is still being finalized.

Republicans with control of the statehouse have been working behind closed doors to finalize a tax plan along with the next state budget. The press release sent Friday does not provide enough information on the plan’s full cost.

Sign up for Daily Newsletters

Manage Newsletters

Copyright © 2021 The Washington Times, LLC.

Please read our comment policy before commenting.

 

Click to Read More and View Comments

Click to Hide