Newspaper Archive of
N. Warren Town and County News
Norwalk, Iowa
March 18, 2010     N. Warren Town and County News
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March 18, 2010

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/ Thursday, March 18, 2010 ' N/Warren Town and Coumty News Page Five ! Reforms will bring ac- countability and common sense to Iowa tax credits: In recent months, Iowans have expressed anger about abuses in some of the state's tax credit pro- grams. We've listened and are taking steps to bring more accountability and common sense to Iowa's tax credit spending. A proposal introduced this week would end some tax credits, cut many re- maining credits and dra- matically increase ac- countability for all tax credits. If approved, these steps will reduce Iowa's tax credit liability by more than $115 million. When it comes to Iowa's tax credit programs, we'll continue to invest in our The Appel Report By Staci Appel, State Senator Main Street businesses-- not Wall Street--whose success will benefit more Iowans. In these tough times, we must continue to support small businesses across Iowa. Part of the problem with tax credit programs is that Iowans often don't know how the money is spent or if it is creating jobs and economic growth. That will change this year. The public will know who receives each tax credit, the purpose of that credit and the dollar amount spent on it. The proposal intro- duced this week includes: *Increasing re- search and development incentives for our small businesses across Iowa; Plan Your GRADUATION Party Now i'iii:::::ii  Federal tax credits run out in April iii 2010 and interest rates are still at a ii .... gg! landmark low. Call us today to talk ::::::::::::::::::::::::::: :; ...... ;! ;; aboutfinancingfor a new home or : .::::.1. refinancingyour existing residence. i I0000Natmnal Bank Call Brad Fuller Midwest Phone: 515-221-0101 F bfullor@fnbmidwest.com *Cutting the Supplemental Research Activities Tax Credit in half for large corporations; *Suspending the film tax credit program for two years; *Lowering the cap from $185 million to $120 million on business tax credits; *Cutting the Iowa Fund of Funds contingent tax credits from $100 mil- lion to $60 million; *Cutting many other tax credit programs by 10 percent; *Implementing an ongoing oversight process that will regularly evaluate all tax credits for results. Credits that don't pro- duce results will be fixed or eliminated. In addition, Iowans can use a search- able database of tax incen- tives awarded to busi- nesses, which has been developed by the Iowa Concluded p. 6 POLICE REPORT Concluded from p. 3 port; case is currently un- der investigation. Officer was dispatched to the 1200 block of North Avenue to investigate a Theft report; case is cur- rently under investigation. March 11 Officer was dispatched to the 900 block of E. 17 th Street to investigate a Theft/Forgery report; case is currently under investi- gation. Devin Thomas Stevens, 20, Norwalk, was charged with Possession of Drug Paraphernalia; 900 block of E. 17 th Street. Officer was dispatched to the 9400 block of Golden Valley Drive to in- vestigate a Theft report; case is currently under in- vestigation. Chili Cook-Off A Success Thee Norwalk United Methmdist Church hosted Norwalk's First Annual Chili (Cook-Off Saturday, Feb. 2W. Local "celebrities" were imvited to participate. The co,ok-off was intended to raise funds for local and worl&wide mission work and fmr the Norwalk Pas- toral D)iscretionary Fund, a resourrce which provides confidtential financial sup- port tm families and indi- vidualls in need. Those who graciously acceplted the invitation and joined in the fun of friendtly competition while positively affecting our community and the world[ around us were: Norwalk Police Chief, Ed Kuhl; Dr. Lori Miller, Norwalk Family Physi- cians; LMayor Doug Pierce; Park and Rec Director, Nanc)y Kuehl and Rev. Daynm Kinkade, Norwalk Chfistiian Church. The first place trophy winner was Dr. Miller and second place went to Mayor Pierce for his "Vi- per Venom chili!" Chturch members ap- preciatte those who came to tastee, vote and support the ce.qebrities. It was a very s;uccessful commu- nity ewent and there are already plans for next year's .cook-off. Dr. Lori Miller, first place. 0 LIB[RARY HOURS Momday - Thursday 1!0 a.m. - 8 p.m. Friiday & Saturday 1!0 a.m. - 5 p.m. Stun&y, 1-5 p.m. C;losed Sundays (Memoml Day-Labor Day) Mayor Doug Pierce, right, second place with Katie Routh, event organizer. Photos submitted. SUBSCRIBE TODAY! Send $18 check or money order for a one year subscription to PO Box 325, Norwalk, IA 50211 We have "No Problem" saving you money. hen you insure both your car and home with us, through Auto-Owners Insurance Company, we'll save you money! Stop in, or call us today for a "No Problem" insurance check-up. I + o I I Life Home Car Business  =" _ . LANE INSURANCE AGENCY, INC. 1225 Sunset Dr., Norwalk, IA 50211 515-981-4614