Statewide, Iowa (RI) – State tax collections in August were nearly $42-and-a-half million below the total taxes paid to the state in August of last year.
That 6.7 percent drop is mainly due to a decline in the amount of income taxes Iowans are paying after a series of tax cuts enacted over the past few years. A report from the Legislative Services Agency shows that in the months of July and August, state income tax receipts fell 18.6%…