Increased food credit before House committee

by Logan Finney, Idaho Reports After years of debating whether the state should keep its tax on food, a bill introduced Tuesday could increase the food tax credit by $20. The House Revenue and Taxation Committee introduced the bill Tuesday morning. Sen. Steve Vick, R-Dalton Gardens, presented House Bill 509. He said it is anContinue reading “Increased food credit before House committee”

House passes tax cut and rebate bill

by Logan Finney, Idaho Reports  The Idaho House of Representatives approved this year’s headliner tax proposal on Thursday, voting 57-13 to pass the bill and send it to the Senate. House Bill 436 would lower individual and corporate income tax rates and issue one-time rebate checks for full-time residents, similar to last year’s income taxContinue reading “House passes tax cut and rebate bill”

Income tax bill moves to House floor

by Logan Finney, Idaho Reports The House Revenue and Taxation committee voted Tuesday morning to send this year’s big income tax cut and rebate bill to the House floor for consideration. House Bill 436 would consolidate state income tax brackets at lower rates and issue a rebate check of $75 per person or 12% ofContinue reading “Income tax bill moves to House floor”

Tax relief bill introduced in House committee

by Logan Finney, Idaho Reports The House Revenue and Taxation Committee introduced the first major bill of the 2022 session Wednesday morning. Tax committee chairman Rep. Steven Harris, R-Meridian, presented the proposal.  “This is the 2022 tax relief bill. You heard much of this outlined in the governor’s state of the state address on Monday,”Continue reading “Tax relief bill introduced in House committee”

Draft bill would dramatically redirect online sales tax

by Logan Finney, Idaho Reports Property taxes are a perennial discussion at the Idaho statehouse, and this year is no exception. An interim legislative committee drew headlines last week for a proposal to phase out supplemental levies, which voters pass to raise their property taxes and fund local school districts. The proposal would not createContinue reading “Draft bill would dramatically redirect online sales tax”