PLEASANT HILL, Iowa — Iowa businesses will see a $1.2 billion reduction in unemployment insurance taxes over the next five years under legislation signed by Republican Gov. Kim Reynolds.

The governor signed Senate File 607 at US Erectors, a steel erection company in Pleasant Hill, on Thursday, surrounded by US Erectors employees, state lawmakers and officials.

Reynolds, who initially proposed the legislation as a priority during her Condition of the State address in January, said the tax reduction will save Iowa businesses money that they can reinvest into their employees.

“This bill streamlines Iowa's unemployment insurance tax system right, bringing overdue reform to how we support our workforce and how we support the businesses that create jobs across our state, while most importantl

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