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Open letter to readers: Today and tomorrow

By Lynda Waddington | 11.17.11

Wednesday was a difficult day for The American Independent News Network, which is the larger entity that operates The Iowa Independent. Our chief executive and founder announced two of our sister sites would close and their content would be moved to The American Independent.

ACS lockout continues; plan emerges to repeal sugar protections

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By Virginia Chamlee | 11.15.11

A recently introduced bill could have far-reaching impact on the U.S. sugar industry, including American Crystal Sugar, a farmer-owned cooperative that locked out 1,300 Midwest workers on Aug. 1.

Cain campaign: Farmers know more about regulations than EPA

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By Andrew Duffelmeyer | 11.15.11

The chairman for Herman Cain’s Iowa effort says the campaign “relied more on the word of farmers than Washington regulators” in deciding to run an ad containing claims the Environmental Protection Agency says are false.

Mathis wins, Democrats maintain Senate control

Liz Mathis
By Lynda Waddington | 11.08.11

The Iowa Senate will remain under the control of a slim 26-25 Democratic majority when it reconvenes in January 2012.

Press Release

PR: Nation should work to address veterans’ challenges

By Press Release Reprints | 11.11.11

BRUCE BRALEY RELEASE — As US involvement in Iraq and Afghanistan ends, it’s more important than ever that our nation works to address the challenges faced by the men and women who fought there.

PR: Honoring veterans, help in hiring

By Press Release Reprints | 11.11.11

CHUCK GRASSLEY RELEASE — A difficult job market is challenging the soldiers, sailors and airmen who have protected America’s interests by serving in the Armed Forces.

PR: In honor of America’s veterans

By Press Release Reprints | 11.11.11

TOM LATHAM RELEASE — No one has done more to secure the freedom enjoyed by every single American than our veterans and those currently serving in the armed services.

PR: Honoring and supporting our nation’s veterans

By Press Release Reprints | 11.11.11

DAVE LOEBSACK RELEASE — Veterans Day is an opportunity to reflect on the service of generations of veterans and to honor the sacrifices they and their families have made so that we may live in peace and freedom here at home.

King receives tax break for D.C. residents despite living in Iowa

By Jason Hancock | 03.25.09 | 1:54 pm
U.S. Rep. Steve King

U.S. Rep. Steve King

Rep. Steve King, R-Kiron, has been identified as one of four members of Congress who are improperly receiving a homestead tax deduction, according to the Capitol Hill newspaper Roll Call.

The exemption allows people who own homes in Washington, D.C., to receive a $67,500 reduction on the assessed value of their home. The deduction also caps increases on the assessed value of homes at 10 percent above the previous year’s tax assessment. It is not supposed to be available to those who claim residency in another state even if they have a home in the District.

King, who bought a one-bedroom condominium in D.C. in 2005 for $325,000, told Roll Call he believes “the D.C. tax department made a mistake.” A King spokesman declined further comment to Roll Call.

In 2005, an investigation found that 22 senators were receiving the tax break. District officials blamed a computer glitch and have since audited the program to purge those unqualified to receive the tax break and collect back taxes owed.

At the time, several observers questioned how lawmakers could not know they were receiving the exemption since it is noted on the property tax bills homeowners receive twice a year, including a calculation of any savings.

Pete Sepp, spokesman for the National Taxpayers Union — a longtime King ally — told Roll Call that accepting the deduction amounts to “tax avoidance.”

“More than the law here is the appearance,” Sepp added. “Constituents already tend to feel that lawmakers spend too much time in Washington and not enough time at home, so how is this going to help improve that image?”

One group upset with King is supporters of allowing the nation’s capitol voting rights in the U.S. House. Earlier this month, the Iowa Republican helped stall a bill granting those rights by attaching an amendment gutting the city’s gun laws. District-based blog DCist chided King for his misstep.

King comes out looking worst of the bunch — not only is he seemingly cheating on his taxes, but he also helped stall the recent D.C. voting rights bill. Tsk tsk.

Others named in the Roll Call story were Rep. Tom Petri, R-Wis.; Rep. Phil Gingrey R-Ga.; and Rep. Mike Rogers, R-Ala.

Update: Washington, D.C., officials confirmed King’s story.

Follow Jason Hancock on Twitter


Comments

  • Sarahf

    I say let little Stevie keep the tax credit. Then, he's a D.C. resident and has to forfeit his seat in Iowa.

    It works out well for everyone! :-)

    • RegularJoe

      Excellent suggestion! (except for the rest of the DC residents….there goes the neighborhood (not to mention property values) !) Is there any way we could trade him to Alaska, maybe get a few polar bears and a caribou or two in exchange?

  • ialawyer

    Can some one check to see if he claims a homestead credit on his Iowa Home.

  • nategreene11

    Turns out King was right and DC was wrong. They even admitted it.

    http://www.desmoinesregister.com/article/200903…

  • Peggy2

    Isn't it proper for the author of this story to post an updated correction near the end of this piece?

    Who will be liable when whack jobs like kingwatch post this to their website?

    Who ends up in court first?

  • Peggy2

    Isn't it proper for the author of this story to post an updated correction near the end of this piece?

    Who will be liable when whack jobs like kingwatch post this to their website?

    Who ends up in court first?

  • 31399711

    Does anyone know if the amount of Homestead tax credit in DC of a Cooperative, depends on the number of units occupied by residents who qualify for the tax credit, as long as the Cooperative has over 50% of such residents. Does a Cooperative receive more tax credit with, say, 90% of residenta are Homestaeders than it would if only 60% were Homesteaders?

  • 31399711

    Does anyone know if the amount of Homestead tax credit in DC of a Cooperative, depends on the number of units occupied by residents who qualify for the tax credit, as long as the Cooperative has over 50% of such residents. Does a Cooperative receive more tax credit with, say, 90% of residenta are Homestaeders than it would if only 60% were Homesteaders?

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