Iowa Premium Tax Reduction Becomes Law

NU Online News Service, May 10, 9:40 a.m. EST?A bill that will reduce Iowa's premium tax by 50 percent over the next five years was signed into law yesterday by Gov. Tom Vilsack.

"Iowa has one of the most attractive insurance marketplaces in the Midwest, and this change in the premium tax structure will make it even more so," said Deirdre K. Manna, AIA assistant vice-president, Midwest region.

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