Iowa voters on Tuesday approved Amendment 1, which means a bill that raises the state’s individual or corporate income tax rate now needs two-thirds of the members elected to each chamber of the legislature instead of a simple majority. Ballotpedia’s tally of the unofficial returns, which it sources to the New York Times, shows 56.20% yes (676,453 votes) and 43.80% no (527,193 votes) out of 1,203,646 cast.
For anyone who pays Iowa income tax, the question is what moves and what does not. The state’s flat rate is 3.8%, and nothing in the amendment changes that number. What it changes is the vote count lawmakers would need to push the rate up, and that applies to every future legislature…