Late in the 1998 Legislative session, the Iowa legislature passed and Governor Branstad signed into law a provision that eliminates state capital gains tax when a business is sold to a lineal descendant. Why did this happen, and what are the likely effects?
Hayes, Dermot J.
"Changes in Iowa's Capital Gains Tax,"
Iowa Ag Review: Vol. 4
, Article 4.
Available at: http://lib.dr.iastate.edu/iowaagreview/vol4/iss1/4