Iowa Gov. Branstad wants to reduce Iowa commercial property taxes

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Posted: Wednesday, January 16, 2013 12:00 am

DES MOINES (AP) — Gov. Terry Branstad unveiled a budget proposal Tuesday that would substantially cut Iowa's commercial property taxes, saying it was time for the state to take “bold action” to attract businesses and create jobs.

Branstad's roughly $6.5 billion financial plan also attempts to limit property tax increases for residents, allocates new spending for education and establishes incentives to keep more medical school graduates in the state.

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