![]() ![]() "We are not done yet," she said. "Next year we’ll be back, and I’ll be proposing to cut our personal income taxes even further." What the bill does: Mental health "And the policies in this bill will help translate our encouraging short term trajectory into broad-based long-term prosperity, all while placing the mental health system in an ideal position to meet the needs of Iowans well into the future."Īnd, she said, she hopes to cut taxes further when the Legislature returns next year, citing the state's surplus and full cash reserves. "Iowa is already overcoming a lot of headwinds," she said. ![]() Reynolds framed the new law as an important part of Iowa's long-term recovery from the COVID-19 pandemic. ![]() ![]() We should focus on investing more money into mental health care to provide Iowans with the critical support so many still don’t have access to." Ross Wilburn, D-Ames. "Our health care system in Iowa is in crisis and struggling to recover from the pandemic. "Iowans should know Governor Reynolds isn’t actually allocating adequate funding for mental health care with this legislation," said Iowa Democratic Party Chair and state Rep. "The signature of Governor Reynolds on SF 619 represents the culmination of years of work by Senate Republicans as we continue to keep our promise to Iowans to reduce their tax burden," Senate Majority Leader Jack Whitver, R-Ankeny, said in a statement Wednesday.ĭemocrats have countered that the state may not keep its promise to adequately fund mental health care, adding the law also breaks a years-old commitment to provide property tax repayment payments to local governments. Republicans have said the proposal will reduce the burden on property taxpayers and provide a sustainable mental health funding system. In the final days of the session, the law, Senate File 619, passed the Senate with a 29-15 vote and passed the House 64-28. ► More: What's in Iowa's massive new tax law? We broke it down Republican leaders have credited Reynolds with proposing a compromise that helped move discussions along. The new law was a major sticking point for lawmakers this year, keeping them nearly three weeks over their target date for ending the annual legislative session as they negotiated a deal. "We’re here because this landmark tax reform legislation doesn’t just deliver needed financial relief to everyday Iowans, it does so while placing our state’s mental health system on a firm footing for decades to come," Reynolds said. It also shifts funding for Iowa's mental health system from property taxes to the state's general fund. The sweeping law includes tax cut priorities that legislative Republicans have worked on for years - such as eliminating Iowa's inheritance tax - while raising tax credits for housing and child care and eliminating payments the state makes to local governments to offset a previous set of commercial property tax cuts. "Ooh, it's a great day in Iowa, right?" she said, eliciting cheers from Republican lawmakers, lobbyists and mental health advocates assembled at the YSS Youth Recovery House in Ames. Kim Reynolds was in an upbeat mood Wednesday as she signed into law one of her signature achievements of the year: a wide-ranging tax package that cuts income and property taxes and realigns Iowa's mental health funding system. Kim Reynolds signs sweeping tax cut lawĪMES, Ia. ![]()
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