FOR IMMEDIATE RELEASE
Wednesday, July 16, 2008
For More Information:
State Rep. Tyler Olson
STATE REP. TYLER OLSON ANNOUNCES EXTENSION OF TAX DEADLINE FOR
BUSINESSES IN FLOOD-AFFECTED AREAS
Cedar RapidsState Representative Tyler Olson announced today the
Iowa Department of Revenue is extending the deadline for businesses in
flood-affected areas to remit their withholding, unemployment and
sales tax. The extension moves the deadline for businesses to remit
payment for activity from April 1 to June 30 to August 29, 2008. The
previous deadline was July 31, 2008.
"Extending the deadline to make state tax payments for businesses in
flood-affected areas gives some flexibility and relief to many Iowans
who lost their livelihood," said Olson. "The extension allows
businesses to secure SBA or bridge loans before the payments become
due and may mean the difference between a business being able to
re-open or not."
On Tuesday, Representative Olson requested the Iowa Department of
Revenue grant businesses the extension to remit their payments after
receiving a phone call from a flood-affected business.
"I appreciate Governor Culver acting quickly to offer some measure of
relief to Iowa businesses and look forward to continue working to make
sure individuals and businesses have the resources they need to
recover and rebuild in Iowa."