The 2019 legislative session will be wrapping up today. Sine Die is in sight.
HF 768:Beginning Farmer Tax Credit- Establishes a new Beginning Farmer Tax Credit program replacing Agricultural Assets Transfer Credit. Also allows farmers with ag assets a tax credit for assisting beginning farmers. Caps the credit at $50,000/year per farmer. Expands replacement program from $6 million to $12 million: SENT TO GOVERNOR TO SIGN
HF 772: Empower Rural Iowa- Includes incentives for broadband growth ($5 million in funding this year, the Governor asked for $10 million) and workforce housing: SENT TO GOVERNOR TO SIGN
HF 769: Farm Truck Weights- Now allows farm exempt trucks to pay for overweight registrations as long as they meet axle requirements already in code: SENT TO GOVERNOR TO SIGN
HF 767: Electric Vehicle Taxes- Provides registration taxes and tax at charging stations equivalent to average road use taxes paid through fuel consumption (per the DOT: the average motorist pays $150/year): MONITORING, SENATE TO DEBATE YET
Video from KCCI on legislation that limits property tax increases HERE.
GRAIN WAREHOUSE LIEN LANGUAGE
We didn't get our language codified this session but continue to work on the issue and will keep gaining support through the interim. Let me know if you have any questions.
We are currently asking our Federal Representatives to support and co-sponsor this language. Please reach out to your legislators and connect them to the issue so they understand the impact of these pension premiums.