State and Local Tax Review Study Committee (J)

Charge

Review the Iowa tax system using the criteria of the two-year Peat Marwick legislative study and make recommendations on how the tax system can treat the majority of Iowans more equitably; ensure that Iowa's tax climate remains competitive while ensuring that all individuals and businesses pay their fair share of taxes; review Iowa's various tax credits to ensure they are properly targeted to meet statewide goals in relieving the tax burden and review the basic structures of Iowa's tax system to review whether features of the system are out of step with most states' tax systems and should be modified to be more in line with a majority of states.