(Des Moines)--Republicans in the Iowa House are offering an expanded property tax plan that will still cap property tax revenue growth for cities and counties at two percent a year. That’s something Gov. Kim Reynolds says she supports. Area State Representative Henry Stone, a Republican from Forest City says he has mixed feelings about the bill.
Stone says he would like to see the bill give more control to voters.
He says there’s still a long way to go before an agreement is reached.
The bill also proposes converting Iowa’s existing homestead tax credit to an exemption and tripling the exemption to $15,000, but keeping in place current exemptions for seniors, veterans and people with disabilities.
