50 State Series: How to move your LLC or corporation out of Iowa and keep your EIN

Attorney and CPA Chad D. Cummings highlights Iowa’s remarkable tax reform journey in this presentation. The state has climbed from 43rd to 17th on the Tax Foundation’s 2026 State Tax Competitiveness Index with a flat individual and corporate income tax rate now at 3.8 percent and scheduled to drop to 3.5 percent. These changes represent one of the most aggressive reform stories in the country. Yet Iowa still imposes a 3.8 percent state income tax plus local income taxes in many counties, taxes tangible personal property, and faces the largest revenue shortfall relative to trend of any state. Florida and Texas impose no state personal income tax at all. This presentation shows how redomestication allows Iowa business owners to transfer their company to a new state, like Florida or Texas, without dissolving the entity, without creating a new company, and on a completely tax-free basis while preserving the same FEIN, contracts, credit history, and bank accounts. If you own a business in Iowa, the progress is impressive, but zero remains the better number. Learn more: https://www.cummings.law/redomestication/