Tax relief is on the way to Iowa businesses and residents. That’s after lawmakers came up with a deal on Thursday in Des Moines.
Iowa’s plan will reach out to Le Claire businesses. That’s where shoppers are out on Friday for French Market Days.
“Part of the reason why Le Claire has been so popular lately is because of the small businesses,” said shopper Stacy Clark. “If we can get more of them, keep them going, I think that’s good.”
Property tax rates climbed here in recent years. Aunt Hattie’s Fanciful Emporium is one business that could benefit.
“It’s good to see the little guy get something once in a while,” said owner Donna Walley. “I’m thrilled about it.”
Walley opened the store four years ago in Le Claire and recently expanded. She’s ready to use tax credits and assessment changes to grow her business.
“We can get more interesting inventory, and it helps people,” she said. “We can save money for our customers, too.”
Iowa tax relief also has provisions for homeowners and landlords. It creates a new income tax credit and will more than double tax credits for low-income Iowans.
But not everybody is thrilled with the deal. It could shift the financial burden to cities. That could hinder services and grow deficits.
Le Claire officials watched state proposals in recent years, got ready for it and will move forward.
“It can be a burden,” said Terri Applegate, a Le Claire council member and store owner. “But since we prepared for it, and with the growth we’ve received in Le Claire, I think we can make up the difference.”
It’s already making a difference at Aunt Hattie’s. Donna Walley is ready for the impact.
“To buy more in bulk, we can lower prices for people, too,” she concluded. “It will be fantastic for everybody.”
At a place where tourist dollars are crucial, they say these are tax savings to put in the bank.