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.
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.
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.