Tax Cuts

Idaho Legislature
11:20 am
Thu February 27, 2014

Idaho House Panel Clears Income Tax Cut, Final Passage Unlikely

Credit 401(K)2013 / Flickr Creative Commons

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.

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.

Once completed, it would leave Idaho's top tax rate at 6.8 percent, lower than Montana's 6.9 percent.

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Idaho Legislature
9:51 am
Wed January 22, 2014

Idaho House Speaker Proposes Tax Cut, Shift

Republican House Speaker Scott Bedke was elected to his leadership post in Dec. 2012.
Credit StateImpact Idaho

This story was updated at 2:15 p.m.

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.

"Convince me," Otter told The Associated Press Wednesday, on how he's approaching Bedke's proposal.

Idaho residents now claim the grocery credit, worth up to $100 for each person in a household, or $120 for those over 65.

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StateImpact Idaho
11:31 am
Wed June 12, 2013

Idaho Gov. Butch Otter Works Toward Third-Straight Year Of Tax Cuts

Credit Idaho Statesman

Gov. C.L. “Butch” Otter is spending part of his week in Coeur d’Alene at Idaho’s largest business lobby’s annual convention. Gov. Otter’s spokesman says one of the administration’s main goals for the next legislative session is to pass a third-consecutive year of tax cuts.

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StateImpact Idaho
11:37 am
Mon February 25, 2013

What Idaho Lawmakers Know – And Don’t – When Making Tough Tax Policy Decisions

Mike Chakarun is tax policy manager for the Idaho State Tax Commission.
Credit Molly Messick / StateImpact

A left-leaning tax policy group recently put out a short little report about the state corporate income taxes paid by IDACorp. That’s the holding company of Idaho’s largest electric utility, Idaho Power. 

The report claims IDACorp paid no state income taxes nationwide from 2007 through 2011.

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Fiscal Cliff
2:00 pm
Tue December 4, 2012

Idaho Senator Crapo Worried About Falling Off The Fiscal Cliff

Credit Mike Crapo

Republicans are proposing their own plan to avoid the "fiscal cliff" at the end of this month. That's when Bush-era tax cuts will expire and automatic spending cuts begin.

The GOP plan would raise the eligibility age for Medicare, lower cost-of-living hikes for Social Security benefits and add $800 billion in higher tax revenue. The White House unveiled a plan last week. 

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StateImpact Idaho
10:49 am
Tue April 3, 2012

Session Wrap: What Passed, What Flopped

The 2012 legislative session adjourned Mar. 29
Tom Kelly Flickr

The 2012 Legislature adjourned late last week, accomplishing its only constitutional duty, which is to pass a balanced budget.  StateImpact Idaho’s Emilie Ritter Saunders has watched the budget process closely.  Saunders told Samantha Wright there weren’t many surprises this session, but there were a couple of things that didn’t pan out, including creating a state health care exchange.

TRANSCRIPT

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Idaho Legislature
3:55 pm
Fri March 30, 2012

Idaho Governor Calls Legislative Session “Great”

Governor "Butch" Otter
Aaron Kunz EarthFix

Governor “Butch” Otter said Friday the legislature had “81 very successful days.”  That’s how long it took to wrap up this session. 

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Idaho Legislature
9:16 pm
Thu March 29, 2012

Idaho Lawmakers Finish Session With $35 Million Tax Cut

Idaho Statehouse
Samantha Wright Boise State Public Radio

Idaho lawmakers wrapped up the 2012 session Thursday.  The House of Representatives adjourned first.  The Senate took much longer as lawmakers signed off on key pieces of legislation and said their goodbyes. 

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