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January 12, 2018

Idaho bill to lower unemployment tax

BOISE, Idaho (AP) — The first bill introduced of the 2018 Idaho Legislature seeks to lower the cost employers pay in unemployment insurance taxes.

If it passes, the proposal introduced Thursday is expected to save employers a total of $115 million over the next three years by reducing a key component in how Idaho calculates the unemployment insurance tax rate. It would also reduce the cost of unemployment insurance taxes by 30 percent.

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