Des Moines —
One thing is for certain, the cost of doing nothing on property tax reform is detrimental to Iowa’s economy.
An example of this comes from one of Knoxville’s significant corporate citizens, 3M Manufacturing. Earlier in the session, plant manager Greg Couves gave compelling testimony to the subcommittee, overseeing the House version of property tax reform, as to why “property tax relief is critical if companies are to be encouraged to make additional investments in Iowa.”
Being a global enterprise, Mr. Couves explained that 3M’s global competition is not just externally with the products they offer, but also internally when it comes to investment dollars for plant expansion and upgrade efforts. In terms of investment, he stated that his first line of competition is with other 3M plants around the world.
In his testimony, Mr. Couves stated: “My plant was recently in a year-long internal competition for a $5 million investment for a new tape-making line. My chief opposition was a 3M plant in Poland where tax rates are much lower. My plant has better productivity, lower waste levels, and lower costs, but nearly all of that advantage was wiped out by tax rates. 3M and our plants can grow here in Iowa, but we need help with tax rates.”
I am certain this testimony can be replicated many times over across our state. The time for partisan wrangling and foot-dragging is over. The time for passing meaningful property tax reform to grow Iowa’s economy is now!
I appreciate and welcome your comments and feedback. Please feel free to contact me with your issues or concerns as they arise either by phone (515-281-3221), e-mail (email@example.com), or in person when visiting the Capitol or a town hall forum. Also, if you would like to subscribe to my weekly electronic newsletter, please send a quick note via e-mail and I’ll put you on the list.
On Friday, April 26, I will be at the Two Rivers Cooperative in Tracy for morning coffee and the Columbia Community Center at 5 pm. I hope to see you at one of these forums.
I am honored to be your representative in the Iowa Legislature. Until next time, God bless!
Representative Greg Heartsill (R-Columbia)
Iowa House District 28