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May 5, 2023
2023 Iowa Legislative Session: Victory for Small Business Owners
- Historical Property Tax Reform – Minimum of $100 Million in relief and just step one in many to combat unsustainable property tax rates.
- Simplifies and Consolidates 15 levies into one general levy.
- Automatically Reduces tax rates when assessments rise.
- Caps growth of property taxes per year (City and County spending).
- Med Mal
- Caps noneconomic damages to $1 million on individual doctors and clinics.
- Caps noneconomic damages to $2 million on hospitals.
- Will increase in 2028 for inflation by 2.1%,
- Commercial Trucking Liability
- limits noneconomic damages to $5 Million per plaintiff.
- Broadens list of exceptions to the limit of noneconomic damages beginning in 2028.
- Narrows the conditions under which there is no civil liability against an employer.
- Centralizes similar programs into single agency to achieve best outcomes for Iowans and saving nearly $18 Million dollars per year.
- Consolidation of common technologies to improve operations, saving Iowans over $214 million over the next 4 years.
- Reduces agency heads (Cabinet positions) that report to the Governor from 37 to 16.
- Eliminates 513 current vacant positions within government.
- Updates decades old laws as it results to youth employment opportunities (operating a microwave is one example).
- Expands the hours that minors may work with parental consent.
- Adds parental guardrails that will allow more youth opportunities to work in various industries (work to learn).
- Does not send kids back into the coal mines as the media and some on one side of the aisle suggests.
State:
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