The Tax Burden on Iowa’s Businesses
By Amy K. Frantz
Are Iowa businesses paying their “fair share” of the tax burden in the state? What constitutes a “fair share” for a business will differ depending on one’s views. But first, it would be helpful to know just what share of the tax burden Iowa businesses are paying now. Ernst & Young LLP, in conjunction with the Council On State Taxation (COST) and the State Tax Research Institute (STRI), produces an annual report with detailed state-by-state estimates of the state and local taxes paid by businesses. The most recent report available provides estimates for fiscal year (FY) 2015.