(Radio Iowa) - A revised version of the property tax reform bill House Republicans are proposing has cleared a House committee.
It would still limit city and county tax revenue growth to two percent and create a new tax break for home owners. A proposal from Governor Reynolds was added to the bill -- a 20 year limit on tax increment financing districts that local government use to spur business development.
The package is significantly different from the plan Senate Republicans have developed and Democrats say there are glaring blind spots in the bill. The bill is eligible for consideration by the 100-member Iowa House, but no date has been set for debate and a vote.