Iowa Tax Reform 2024. As a result, through a series of income tax reform measures, iowa has gone from a progressive income tax system with a top rate close to 9% to a flat 3.8% rate. On march 1, 2022, governor kim reynolds signed hf 2317 into law.
Iowa has a historic opportunity to enact substantial tax reform because of conservative budgeting. The iowa legislature passed a bill friday that would cut iowaโs personal income tax to a single rate of 3.8% in 2025, sending it to gov.