Will You Notice That One-Cent Difference?
By Amy K. Frantz
As Governor Branstad said recently at a bill signing, it is relatively rare for the government to ever take away a tax, so we should make note of it when it happens. The bill he was referring to, which was adopted by the Iowa Legislature in April and signed by the Governor in May, will reduce the fuel tax in Iowa by one cent. Although, considering the fuel tax was raised by ten cents last year, you may hardly notice the difference.