Iowa early News Headlines: Wed. April 17th 2013

News

April 17th, 2013 by Ric Hanson

Here is the latest Iowa news from The Associated Press

DES MOINES, Iowa (AP) — The Senate Ways and Means committee advanced legislation yesterday that would offer a tax break to small businesses if they cover part of employees’ health insurance. Under the Affordable Care Act, a small business that employs up to 24 people and chooses to cover 50 percent of their employees’ health insurance costs gets a federal income tax break. If the bill passes, these businesses would get an additional state income tax break.

DES MOINES, Iowa (AP) — Lawmakers in the Iowa House approved an economic development budget plan with less funding than the state Senate version. The plan passed in the House yesterday offers $45 million to economic development activities in the fiscal year that starts July 1.

DES MOINES, Iowa (AP) — The Iowa Senate approved a bill yesterday that would give funding to food banks and give tax breaks to farmers who donate produce. The bill would give an incentive for small farmers to donate produce by providing a 15 percent state income tax break on the market value of donations worth less than $5,000.

SUMNER, Iowa (AP) — More than 40 students from the Sumner-Fredericksburg School in northeast Iowa suffered minor injuries when two buses crashed. Cedar Rapids television station KCRG-TV says the crash happened near Sumner just after 3:30 p.m. yesterday when one bus reared-ended the other.