Taxes http://boisestatepublicradio.org en Idaho Ends Budget Year With More Cash Than Planned http://boisestatepublicradio.org/post/idaho-ends-budget-year-more-cash-planned <p></p><p>State officials say Idaho closed the 2014 fiscal year with $7.2 million more than anticipated.</p><p>The Idaho Division of Financial Management reports that June's general fund receipts of $294.4 million were $8.4 million above economists' projections. Overall, last month's boost helped raise the final fiscal year totals to $2.81 billion.</p><p>That means general fund dollars went up 2.4 percent compared to the previous fiscal year.</p> Tue, 15 Jul 2014 21:41:17 +0000 Associated Press 48891 at http://boisestatepublicradio.org Idaho Ends Budget Year With More Cash Than Planned Poll Finds Idahoans Would Consider Higher Taxes If It Means Better Roads http://boisestatepublicradio.org/post/poll-finds-idahoans-would-consider-higher-taxes-if-it-means-better-roads <a href="http://cpa.ds.npr.org/northwestnews/audio/2014/07/070814JR_Salant_web.mp3" class="asset-audio"></a><p>A new poll finds Idahoans might not be so tax-averse when it comes to funding improvements to the state's roads and bridges. About 54 percent say the economic benefit is a compelling reason to increase revenue for transportation infrastructure.<p> Tue, 08 Jul 2014 22:40:00 +0000 Jessica Robinson 48469 at http://boisestatepublicradio.org Poll Finds Idahoans Would Consider Higher Taxes If It Means Better Roads Use This Calculator To Figure Out Your Idaho Property Taxes http://boisestatepublicradio.org/post/use-calculator-figure-out-your-idaho-property-taxes <p>Property values in Ada and Canyon Counties went <a href="http://boisestatepublicradio.org/post/ada-county-home-values-go-assessor-doesn-t-see-bubble-loomingyet" target="_blank">up substantially this year</a>. Chances are, if you own a house here you’ve received a letter from the county assessor saying your home is worth more. In Ada County the <a href="http://boisestatepublicradio.org/post/data-see-change-ada-county-property-values" target="_blank">average increase was 18 percent</a>.</p> Fri, 06 Jun 2014 21:17:09 +0000 Adam Cotterell 46666 at http://boisestatepublicradio.org Use This Calculator To Figure Out Your Idaho Property Taxes Tax Incentive Plan Passes Senate Again In Revote http://boisestatepublicradio.org/post/tax-incentive-plan-passes-senate-again-revote <p></p><p>An Idaho tax incentive bill is again bound for the governor's desk after sponsors say they've addressed concerns from the attorney general's office.</p><p>The bill, which would give up to 30 percent in tax incentives to job-creating businesses, already passed the Senate Monday.</p><p>But Senate leaders called for a revote after the attorney general's office released an opinion saying it could leave Idaho on constitutionally shaky ground.</p> Wed, 19 Mar 2014 17:53:51 +0000 Associated Press 41984 at http://boisestatepublicradio.org Tax Incentive Plan Passes Senate Again In Revote Business Tax Incentive Bill Heads To Idaho Senate Revote After Changes http://boisestatepublicradio.org/post/business-tax-incentive-bill-heads-idaho-senate-revote-after-changes <p></p><p>Legislators say they'll change a tax bill before trying it again on the Senate floor, after the attorney general's office said it might leave Idaho on constitutionally shaky ground.</p><p>The bill, which would give up to 30 percent in tax incentives to job-creating businesses, cleared the Senate 29-6 Monday.</p><p>But that was before Deputy Attorney General Chelsea Kidney released an opinion that giving a seven-member board the final word on who gets tax breaks could result in unequal treatment of identical businesses.</p> Tue, 18 Mar 2014 18:52:57 +0000 Associated Press 41925 at http://boisestatepublicradio.org Business Tax Incentive Bill Heads To Idaho Senate Revote After Changes Idaho House Panel Clears Income Tax Cut, Final Passage Unlikely http://boisestatepublicradio.org/post/idaho-house-panel-clears-income-tax-cut-final-passage-unlikely <p></p><p>Business leaders worried Idaho's tax rates are too high compared to its neighbors notched an initial victory when the House Revenue and Taxation Committee approved a bill aiming to make the state more competitive.</p><p>The Republican-led panel voted Thursday to back the Idaho Chamber Alliance's proposal to cut corporate and individual income tax rates by a percentage point annually over the next six years, for an eventual $125 million cost.</p><p>Once completed, it would leave Idaho's top tax rate at 6.8 percent, lower than Montana's 6.9 percent.</p> Thu, 27 Feb 2014 18:20:59 +0000 Associated Press 40896 at http://boisestatepublicradio.org Idaho House Panel Clears Income Tax Cut, Final Passage Unlikely Idaho Commerce Director Pitches New Business Tax Incentive http://boisestatepublicradio.org/post/idaho-commerce-director-pitches-new-business-tax-incentive <p>Idaho's lackluster quiver of tax incentives make it flyover country for many companies looking to relocate or expand.</p><p>That's the verdict of Department of Commerce Director Jeff Sayer, who pitched a plan Friday he says would change that.</p><p>Sayer's proposition: What if Idaho allows companies that hire new, well-paid employees to recoup up to 30 percent of their income, sales and payroll taxes after they've proven to have met their expansion promises?</p><p>That way, he says, the state would protect itself from companies that don't follow through.</p> Fri, 21 Feb 2014 18:15:47 +0000 Associated Press 40562 at http://boisestatepublicradio.org GOP Lawmakers Push Dumping Idaho Tax On Food http://boisestatepublicradio.org/post/gop-lawmakers-push-dumping-idaho-tax-food <p></p><p>Republican lawmakers including Sen. Russ Fulcher aim to eliminate Idaho's 6 percent tax on groceries starting July 1, 2016.</p><p>Fulcher, a Meridian Republican running against Gov. C.L. "Butch" Otter in the May primary, and Boise Sen. Cliff Bayer are promoting the proposed legislation.</p><p>Currently, Idaho gives nearly all its residents a credit when they file their annual tax returns, to offset surcharges they pay on groceries.</p><p>This tax credit has been expanded since legislation passed in 2009.</p> Tue, 11 Feb 2014 16:59:14 +0000 Associated Press 40009 at http://boisestatepublicradio.org GOP Lawmakers Push Dumping Idaho Tax On Food Idaho Republican Wants To Shift Slice Of Sales Tax To Fund Roads http://boisestatepublicradio.org/post/idaho-republican-wants-shift-slice-sales-tax-fund-roads <p></p><p>A Republican lawmaker proposes digging into Idaho's sales tax revenue to fund highway and bridge projects.</p><p>Rep. Joe Palmer, House Transportation Committee chairman, pitched the idea Monday.</p><p>Typically, Idaho pays for roads from fees assessed on gas or vehicle registrations.</p><p>Palmer's measure would depart that tradition, but only after Idaho's revenue reaches certain thresholds.</p><p>Once general fund income hits $2.91 billion and education funding exceeds $1.4 billion — both pre-recession records — he'd begin taking a slice of the growing sales tax for roads.</p> Mon, 10 Feb 2014 21:54:10 +0000 Associated Press 39968 at http://boisestatepublicradio.org Idaho Republican Wants To Shift Slice Of Sales Tax To Fund Roads Idaho House Speaker Meets With Economist Over Tax Shift Plan http://boisestatepublicradio.org/post/idaho-house-speaker-meets-economist-over-tax-shift-plan <p>House Speaker Scott Bedke says he's met with Idaho's former chief economist over a proposal to shift $80 million from a grocery tax credit to individual and corporate income tax cuts.</p><p>Bedke, a Republican from Oakley, met with Mike Ferguson, the top economist at the state under six governors before retiring four years ago.</p><p>Bedke's proposes to redirect money now given to Idaho families to offset sales tax they pay on groceries to income tax cuts, in hopes of making Idaho a more-attractive place for businesses to relocate.</p> Wed, 29 Jan 2014 00:35:38 +0000 Associated Press 39268 at http://boisestatepublicradio.org Grocery Tax Shift Could Increase Burden On Middle-Income Idahoans http://boisestatepublicradio.org/post/grocery-tax-shift-could-increase-burden-middle-income-idahoans <p>Idaho's former chief economist says families of four earning more than $117,750 would see lower taxes, should lawmakers adopt House Speaker Scott Bedke's proposal to shift money from a grocery tax credit to individual and corporate income tax cuts.</p><p>Mike Ferguson, chief economist for six governors including Gov. C.L. "Butch" Otter, said Thursday families earning less would likely see a higher tax burden, according to his calculations.</p> Thu, 23 Jan 2014 17:36:26 +0000 Associated Press 38960 at http://boisestatepublicradio.org Grocery Tax Shift Could Increase Burden On Middle-Income Idahoans Idaho House Speaker Proposes Tax Cut, Shift http://boisestatepublicradio.org/post/idaho-house-speaker-proposes-tax-cut-shift <p><em>This story was updated at 2:15 p.m.</em></p><p>Gov. C.L. "Butch" Otter would consider a proposal from House Speaker Scott Bedke to shift money from a popular grocery tax credit to individual and corporate income tax cuts.</p><p>"Convince me," Otter told The Associated Press Wednesday, on how he's approaching Bedke's proposal.</p><p>Idaho residents now claim the grocery credit, worth up to $100 for each person in a household, or $120 for those over 65.</p> Wed, 22 Jan 2014 16:51:07 +0000 Associated Press 38899 at http://boisestatepublicradio.org Idaho House Speaker Proposes Tax Cut, Shift Why Idaho's Schools Chief Wants Lawmakers To Collect Internet Sales Tax http://boisestatepublicradio.org/post/why-idahos-schools-chief-wants-lawmakers-collect-internet-sales-tax <p>Idaho's Superintendent of Public Instruction Tom Luna told lawmakers Wednesday they must consider collecting the sales tax on Internet purchases in order to fund improvements to the state's education system.</p> Thu, 16 Jan 2014 17:42:56 +0000 Adam Cotterell 38643 at http://boisestatepublicradio.org Why Idaho's Schools Chief Wants Lawmakers To Collect Internet Sales Tax Idaho House Panel Delays Debate Of Tax Rules For Same-Sex Couples http://boisestatepublicradio.org/post/idaho-house-panel-delays-debate-tax-rules-same-sex-couples <p>A House panel delayed discussion of new rules forbidding same-sex couples legally married elsewhere from filing joint Idaho income tax returns.</p><p>House Revenue and Taxation Committee Chairman Gary Collins said numerous people wanted to testify, so he put it off until Tuesday.</p><p>According to temporary State Tax Commission rules, same-sex Idaho couples legally married elsewhere must recalculate federal taxes as singles before filing state taxes.</p> Mon, 13 Jan 2014 16:57:37 +0000 Associated Press 38433 at http://boisestatepublicradio.org Idaho Narrows The Business Equipment Tax Exemption With New Rules http://boisestatepublicradio.org/post/idaho-narrows-business-equipment-tax-exemption-new-rules <p>Certain utility companies in Idaho won't see as large of a tax break as many anticipated now that the state has more clearly defined what types of property qualify for the <a href="http://stateimpact.npr.org/idaho/tag/personal-property-tax/">business equipment tax exemption</a>.</p><p>The Idaho Tax Commission Tuesday unanimously approved two rules that define the difference between real and personal property.</p> Wed, 20 Nov 2013 00:35:01 +0000 Emilie Ritter Saunders 35741 at http://boisestatepublicradio.org Idaho Narrows The Business Equipment Tax Exemption With New Rules Why Idaho’s Tax Change For Married Gay Couples Could Set The State Up For A Lawsuit http://boisestatepublicradio.org/post/why-idaho-s-tax-change-married-gay-couples-could-set-state-lawsuit <p>Legally married gay couples can <a href="http://www.irs.gov/uac/Newsroom/Treasury-and-IRS-Announce-That-All-Legal-Same-Sex-Marriages-Will-Be-Recognized-For-Federal-Tax-Purposes;-Ruling-Provides-Certainty,-Benefits-and-Protections-Under-Federal-Tax-Law-for-Same-Sex-Married-Couples" target="_blank">file federal taxes together</a>, regardless if it's legal in the state they live in, since the <a href="http://en.wikipedia.org/wiki/United_States_v._Windsor" target="_blank">U.S. Supreme Court</a> ruled that a ban on federal benefits for gay couples is unconstitutional.</p> Wed, 06 Nov 2013 13:00:00 +0000 Samantha Wright 35018 at http://boisestatepublicradio.org Why Idaho’s Tax Change For Married Gay Couples Could Set The State Up For A Lawsuit How To File Your Taxes In Idaho When You're Gay And Married http://boisestatepublicradio.org/post/how-file-your-taxes-idaho-when-youre-gay-and-married <p>When the <a href="http://en.wikipedia.org/wiki/United_States_v._Windsor" target="_blank">U.S. Supreme Court</a> ruled this summer on gay marriage, it opened the door for same-sex couples around the country <a href="http://www.irs.gov/uac/Newsroom/Treasury-and-IRS-Announce-That-All-Legal-Same-Sex-Marriages-Will-Be-Recognized-For-Federal-Tax-Purposes;-Ruling-Provides-Certainty,-Benefits-and-Protections-Under-Federal-Tax-Law-for-Same-Sex-Married-Couples" target="_blank">who can now file federal taxes together</a>, no matter what state they live in. Tue, 05 Nov 2013 21:15:10 +0000 Samantha Wright 35015 at http://boisestatepublicradio.org How To File Your Taxes In Idaho When You're Gay And Married Sun Valley Tax Votes Shine Spotlight On Challenges Facing Small Town Airports http://boisestatepublicradio.org/post/sun-valley-tax-votes-shine-spotlight-challenges-facing-small-town-airports <p></p><p>A ballot measure in the Sun Valley area is emblematic of the challenges facing small airports across the West. Residents of Hailey and Ketchum, Idaho decide Tuesday whether to raise city taxes to subsidize commercial airline service.</p> Tue, 05 Nov 2013 00:42:30 +0000 Tom Banse 34978 at http://boisestatepublicradio.org Sun Valley Tax Votes Shine Spotlight On Challenges Facing Small Town Airports Idaho's Tax Burden Is Lower Than 49 States http://boisestatepublicradio.org/post/idahos-tax-burden-lower-49-states <p>When it comes to their taxes, Idahoans can count their blessings, according to <a href="http://tax.idaho.gov/reports/EPB00074_10-23-2013.pdf" target="_blank">a new report</a> that concludes the state's tax burden is lower than all but two states.</p><p>Only Alabama and South Carolina have a lower per capita tax burden.</p><p>In an annual report delivered on Wednesday, the Idaho State Tax Commission says Idaho also has the lowest tax burden among Western states.</p><p>The calculations are based on tax revenue in 2011.</p> Wed, 23 Oct 2013 23:31:02 +0000 Associated Press 34378 at http://boisestatepublicradio.org Idaho's Tax Burden Is Lower Than 49 States Idaho Revenue In September Jumps Ahead Of Forecast http://boisestatepublicradio.org/post/idaho-revenue-september-jumps-ahead-forecast <p></p><p>Idaho saw a jump in tax revenue in September, a month when collectors raked in $16 million more than forecasts and put the state&#39;s finances ahead of schedule amid a steadily recovering economy.</p><p>Total monthly receipts were $263 million, or 6.4 million more than forecasts.</p><p>The Division of Financial Management reported Tuesday that Idaho&#39;s tally three months into fiscal year 2014 is just over $700 million, or about 1.6 percent more than forecasts.</p> Wed, 09 Oct 2013 16:34:19 +0000 Associated Press 33618 at http://boisestatepublicradio.org Idaho Revenue In September Jumps Ahead Of Forecast