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February 17, 2021

Idaho lawmakers propose sweeping cuts to income, sales taxes

BOISE, Idaho (AP) — Sweeping tax cuts proposed Tuesday by Idaho lawmakers would slash assessments on all income brackets and lower the sales tax from 6% to 5.3% beginning next year.

The complex, 17-page proposal was introduced in a House committee after Republican Gov. Brad Little called for $450 million in tax relief, including $295 million in one-time cuts and $160 million in permanent tax cuts. The proposed bill estimates it would result in $284 million in tax relief a year.


 
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