Katie P. Hall
Director of Government Affairs
khall@iowainstitute.coop
O: 515-292-2667
C: 515-686-1066
Week 14: April 13, 2018
State
1.   Tax Reform Monitoring, UPDATED
·        SSB3195 : The original Governor's bill now coming out of the Senate: click on button below for the one page Senate summary
·       Would increase taxes on credit unions
·       20% QBI deduction coupled at 100%
·       Section 179 deduction increased to $500,000
·       Increases standard deduction to $12,000/$24,000
·        HF2489 (old HSB671) : The Governor's bill with House amendments-- passed out of committee on a party line vote, click button below for summary
·       Does NOT increase taxes for Credit Unions, cuts $1.3 billion in taxes over 5 years`
·       Tax hearing Monday night allowed 30 folks to speak (max 3 min.) and was largely dominated by credit unions and banks (picture above of Helen Pearce of CFCCU during her speech)
·       Waiting on joint budget targets to move forward
·       Monitoring to make sure taxes are not increased for members
2.    Telephone Property Tax: SF2388 Support, UPDATED
·      Amendment clarifying language on towers
·      House subcommittee recommended passage on 4.4.18
·      Passed out of Senate on 39 to 8 vote with amendment S5189: would delay portions of implementation by 3 years
·      Would change property tax structure for telephone companies from an outdated unit valuation to an assessment mechanism that is neutral, competitive, simple & consistent

3.   Utility Matters: SF2311 —Monitoring, UPDATED
·      20+ amendments filed: Summary below does not include the latest Carlson amendment on federal tax reform
·       Sections 3-7, 10, 11, 13 and 16 are still good policy changes for our REC members
·       Provides regulatory parity and clarifies IUB oversight of locally rate-regulated utilities
·       Includes several code “clean-up” provisions helping streamline the statute for locally rate-regulated utilities    
4.   Property Tax Backfill: HSB678 —Monitoring, UNCHANGED
·      P hases out the property tax backfill payments to local/county governments
·      P ut in place in 2013 as property tax reform, replacing decline in revenue
·       FY 2018, reduces payments from ~$150 million to $100 million, then an additional $25 million each fiscal year until 2021, leaving $25 million as the new backfill budget

5.   Industrial Hemp: SF2398 —Monitoring, UPDATED
·      Subcommittee recommends passage on 4.11.18
·      Passed out of Senate unanimously on 4.4.18-- sent to House
·      Provides provisions for statewide industrial hemp research, marketing and enforcement
Proposed Chinese tariffs HERE .


Want to speak with your federal legislators?
D.C. office numbers and e-mail addresses below: 

Sen. Chuck Grassley: 202-224-4120 (Andrew Brandt: andrew_brandt@grassley.senate.gov)
Sen. Joni Ernst: 202-224-3254 (Michael Dolch: michael_dolch@ernst.senate.gov)
Rep. Rod Blum: 202-225-2911 (Kirby Richard: kirby.richard@mail.house.gov )
Rep. Dave Loebsack: 202-225-6576 (Will Collier: will.collier@mail.house.gov)
Rep. David Young: 202-225-5476 (Steph Carlson: stephanie.carlson@mail.house.gov)
Rep. Steve King: 202-225-4426 (Matt Meiners: matt.meiners@mail.house.gov)