“When Governor Reynolds took office, Iowa had the 6th highest income-tax rate in the nation at almost 9 percent. Now, after three historic tax reform packages, the most recent in March of this year, Iowa is set to be fourth lowest at 3.9 percent. Governor Reynolds’ tax reform law eliminates taxes on retirement income, starting in 2023 and reforms Iowa’s corporate tax rate. Governor Reynolds signed the tax bill on March 1 which will save Iowa taxpayers $1.9 billion a year, and couple that with all the tax cuts she’s signed into law as Governor, a total savings of nearly $3 billion per year.” – Office of the Governor of Iowa Kim Reynolds, October 12, 2022