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State sales and corporate taxes up, personal income taxes flat


Radio Iowa: State tax receipts in Iowa in the past five months increased nearly 6% compared with the same period a year ago. “Gains in sales and use tax as well as corporate income tax remain significant,” said Jeff Robinson of the Legislative Services Agency, “while individual income tax growth for the year has been flat.” Corporate income tax payments to the state rose more than 19% from July 1 through the end of November. State sales tax collections were up 2.5% during the period. A three-member panel of financial experts will meet on Dec. 13 to review state tax receipts and give Iowa lawmakers a new estimate of total state tax revenue.

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