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School Infrastructure Local Option
The School Infrastructure Local Option (SILO) is a 1% local option sales tax adopted on a county by county basis in Iowa, United States. Although the tax is collected by county, state mandate says the total amount collected is to be pooled and shared between the school districts. SILO was developed in 1998 by the Iowa General Assembly to give school districts a revenue options other than the property tax. The tax can be enacted for up to 10 years at a time. As of late 2005, only Linn and Johnson Johnson is a surname of Anglo-Norman origin meaning "Son of John". It is the second most common in the United States and 154th most common in the world. As a common family name in Scotland, Johnson is occasionally a variation of ''Johnston'', a ... counties in Iowa had not enacted a SILO tax. In the spring of 2006 the Iowa legislature encouraged the two remaining counties to join the other 97 counties which had enacted this tax by offering an incentive provided the tax was enacted by J ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sales Tax
A sales tax is a tax paid to a governing body for the sales of certain goods and services. Usually laws allow the seller to collect funds for the tax from the consumer at the point of purchase. When a tax on goods or services is paid to a governing body directly by a consumer, it is usually called a use tax. Often laws provide for the exemption of certain goods or services from sales and use tax, such as food, education, and medicines. A value-added tax (VAT) collected on goods and services is related to a sales tax. See Comparison with sales tax for key differences. Types Conventional or retail sales tax is levied on the sale of a good to its final end-user and is charged every time that item is sold retail. Sales to businesses that later resell the goods are not charged the tax. A purchaser who is not an end-user is usually issued a "resale certificate" by the taxing authority and required to provide the certificate (or its ID number) to a seller at the point of purchase, al ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Iowa
Iowa () is a state in the Midwestern region of the United States, bordered by the Mississippi River to the east and the Missouri River and Big Sioux River to the west. It is bordered by six states: Wisconsin to the northeast, Illinois to the east and southeast, Missouri to the south, Nebraska to the west, South Dakota to the northwest, and Minnesota to the north. During the 18th and early 19th centuries, Iowa was a part of French Louisiana and Spanish Louisiana; its state flag is patterned after the flag of France. After the Louisiana Purchase, people laid the foundation for an agriculture-based economy in the heart of the Corn Belt. In the latter half of the 20th century, Iowa's agricultural economy transitioned to a diversified economy of advanced manufacturing, processing, financial services, information technology, biotechnology, and green energy production. Iowa is the 26th most extensive in total area and the 31st most populous of the 50 U.S. states, with a populat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territories, nine Minor Outlying Islands, and 326 Indian reservations. The United States is also in free association with three Pacific Island sovereign states: the Federated States of Micronesia, the Marshall Islands, and the Republic of Palau. It is the world's third-largest country by both land and total area. It shares land borders with Canada to its north and with Mexico to its south and has maritime borders with the Bahamas, Cuba, Russia, and other nations. With a population of over 333 million, it is the most populous country in the Americas and the third most populous in the world. The national capital of the United States is Washington, D.C. and its most populous city and principal financial center is New York City. Paleo-Americ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Iowa General Assembly
The Iowa General Assembly is the legislative branch of the state government of Iowa. Like the federal United States Congress, the General Assembly is a bicameral body, composed of the upper house Iowa Senate and the lower Iowa House of Representatives respectively. The Senate consists of four year terms and the House consists of two year terms. The General Assembly convenes within the Iowa State Capitol in Des Moines. Composition The Iowa General Assembly consists of 50 senators and 100 representatives. Each senator represents about 60,927 people and each representative about 30,464 people . The last redistricting was enacted on April 19, 2011 for the 2012 elections 85th General Assembly. The assembly convenes annually on the second Monday in January. Leaders in the Senate are President Jake Chapman (R), and President Pro Tempore Brad Zaun (R). Partisan Senate leadership includes Majority Leader Jack Whitver (R), and Minority Leader Zach Wahls (D). In the House, the Speak ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Property Tax
A property tax or millage rate is an ad valorem tax on the value of a property.In the OECD classification scheme, tax on property includes "taxes on immovable property or net wealth, taxes on the change of ownership of property through inheritance or gift and taxes on financial and capital transactions" (see: ), but this article only covers taxes on realty. The tax is levied by the governing authority of the jurisdiction in which the property is located. This can be a national government, a federated state, a county or geographical region or a municipality. Multiple jurisdictions may tax the same property. Often a property tax is levied on real estate. It may be imposed annually or at the time of a real estate transaction, such as in real estate transfer tax. This tax can be contrasted to a rent tax, which is based on rental income or imputed rent, and a land value tax, which is a levy on the value of land, excluding the value of buildings and other improvements. Under a p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Linn County, Iowa
Linn County is a county located in the U.S. state of Iowa. As of the 2020 census, the population was 230,299, making it the second-most populous county in Iowa. The county seat is Cedar Rapids. Linn County is named in honor of Senator Lewis F. Linn of Missouri. Linn County is included in the Cedar Rapids, IA Metropolitan Statistical Area. History The earliest inhabitants of Linn County, prior to Anglo settlement, were the Sac and Fox tribes. Relations were described by 20th century historians as amicable. Native Americans provided food and furs to whites in exchange for merchandise. Linn County was created as a named but unorganized area on December 21, 1837, as a part of Wisconsin Territory. It became part of Iowa Territory on July 4, 1838, when the territory was organized. Linn County was organized by the first legislative assembly of the Iowa Territory on January 15, 1839. A site was selected for its first county seat along Indian Creek, and was named Marion, after the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Johnson County, Iowa
Johnson County is located in the U.S. state of Iowa. As of the 2020 census, the population was 152,854, making it the fourth-most populous county in Iowa. The county seat is Iowa City, home of the University of Iowa. Johnson County is included in the Iowa City metropolitan area, which is also included in the Cedar Rapids-Iowa City Corridor Combined Statistical Area. History Johnson County was established in December 1837 by the legislature of the Wisconsin Territory, one of thirteen counties established by that body in a comprehensive act. The county's area was partitioned from Dubuque County, and was not initially provided with a civil government, instead being governed by Cedar County officials. It was originally named for the US Vice President Richard M. Johnson. In 2020, the Johnson County Board of Supervisors voted unanimously to change the county's namesake to be Lulu Merle Johnson, the first black woman in the state to get her doctorate. The first courthouse in the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Taxation In The United States
The United States, United States of America has separate Federal government of the United States, federal, U.S. state, state, and Local government in the United States, local governments with taxes imposed at each of these levels. Taxes are levied on income, payroll, property, sales, Capital gains tax in the United States, capital gains, dividends, imports, estates and gifts, as well as various fees. In 2020, taxes collected by federal, state, and local governments amounted to 25.5% of GDP, below the OECD average of 33.5% of GDP. The United States had the seventh-lowest tax revenue-to-GDP ratio among OECD countries in 2020, with a higher ratio than Mexico, Colombia, Chile, Ireland, Costa Rica, and Turkey. Taxes fall much more heavily on labor income than on capital income. Divergent taxes and subsidies for different forms of income and spending can also constitute a form of indirect taxation of some activities over others. For example, individual spending on higher education can ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
