The state revenue is derived mainly from a general property tax, licence taxes levied on various businesses and occupations, a collateral inheritance tax and a capitation tax.
The chief sources of revenue for the state are a corporation tax, a collateral inheritance tax (1904) and a licence tax.
Other principal sources of income are excise taxes, a general property tax, an inheritance tax and a tax on insurance premiums. For the fiscal year ending June 1909 the net income of the insular government was $3,180,111.75 and the net bonded indebtedness was $3,759,231.22.
Inscriptions testify to its importance - among others one which indicates that it was the headquarters of the collectors of the 5% inheritance tax under the Empire in Italy beyond the Po.
The taxing system of Iowa embraces a general property tax, corporation taxes (imposed on the franchises or on either the capital stock or the stock in the hands of shareholders), taxes on certain businesses and a collateral inheritance tax.
