The Idaho House overwhelmingly approved a $51 million tax cut plan Thursday despite hesitation from Republican and Democratic lawmakers unhappy with the deal.
House Majority Leader Mike Moyle (R-Star) is sponsoring the bill, and says the state’s current surplus means Idaho should give a little money back to tax payers. If the bill passes, the first $750 of income would be exempt from taxation, and the top income and corporate rates would be reduced from 7.4 percent to 7.2 percent.