Iowa Warning: You are not logged in. Your IP address will be publicly visible if you make any edits. If you log in or create an account, your edits will be attributed to your username, along with other benefits.Anti-spam check. Do not fill this in! ===Taxation=== Tax is collected by the [[Iowa Department of Revenue]].<ref>{{Cite web|url=https://tax.iowa.gov/|title=State of Iowa Taxes {{!}} Iowa Department of Revenue|website=tax.iowa.gov|access-date=April 6, 2020|archive-date=December 27, 2019|archive-url=https://web.archive.org/web/20191227203818/https://tax.iowa.gov/|url-status=live}}</ref> Iowa imposes taxes on net state income of individuals, estates, and trusts. There are nine [[income tax]] brackets, ranging from 0.36% to 8.98%, as well as four corporate income tax brackets ranging from 6%{{nbsp}}to 12%, giving Iowa the country's highest marginal corporate tax rate.<ref>{{cite web|url=https://taxfoundation.org/state-corporate-income-tax-rates-and-brackets-2016/|title=State Corporate Income Tax Rates and Brackets for 2016βTax Foundation|date=February 1, 2016|access-date=February 24, 2017|archive-date=February 16, 2017|archive-url=https://web.archive.org/web/20170216040947/https://taxfoundation.org/state-corporate-income-tax-rates-and-brackets-2016|url-status=live}}</ref> The state [[sales tax]] rate is 6%, with non-prepared food having no tax.<ref>Iowa Department of Revenue, Iowa Tax / Fee Descriptions and Rates, [http://www.iowa.gov/tax/taxlaw/taxtypes.html#sales Iowa.gov] {{Webarchive|url=https://web.archive.org/web/20090506082844/http://www.iowa.gov/tax/taxlaw/taxtypes.html#sales |date=May 6, 2009 }}</ref> Iowa has one local option sales tax that may be imposed by counties after an election.<ref>Iowa Department of Revenue, Iowa Local Option Tax Information, [http://www.iowa.gov/tax/educate/localoption.html Ioawa.gov] {{Webarchive|url=https://web.archive.org/web/20090425054850/http://www.iowa.gov/tax/educate/localoption.html |date=April 25, 2009 }}</ref> Property tax is levied on the taxable value of real property. Iowa has more than 2,000 taxing authorities. Most property is taxed by more than one taxing authority. The tax rate differs in each locality and is a composite of county, city or rural township, [[school district]] and special levies. Iowa allows its residents to deduct their [[federal income tax]]es from their state income taxes.<ref>{{cite web|url=http://www.desmoinesregister.com/apps/pbcs.dll/article?AID=2009905300328|title=No tax increases planned for next year, Culver says|last=Beaumont|first=Thomas|website=[[The Des Moines Register]]|date=May 30, 2009|access-date=May 31, 2009}}{{Dead link|date=October 2010|bot=H3llBot}}</ref> Summary: Please note that all contributions to Christianpedia may be edited, altered, or removed by other contributors. If you do not want your writing to be edited mercilessly, then do not submit it here. You are also promising us that you wrote this yourself, or copied it from a public domain or similar free resource (see Christianpedia:Copyrights for details). Do not submit copyrighted work without permission! Cancel Editing help (opens in new window) Discuss this page