Boise, ID.   –  It is the largest tax reduction measure proposed in Idaho state history and it’s headed to the floor of the House for debate.
House Majority Leader Mike Boyle indicates the bill would lower taxes for everyone who pays taxes in Idaho. It’s a $200 million plan and would include a $130 Idaho child tax credit.
If approved, personal income and corporate tax rates in Idaho would go down 0.475 percent. The plan would give residents a little more than $200 million in tax relief. But taking into account the expected $100 million boost in revenue created by the national tax overhaul, the estimated reduction to Idaho’s general fund would be around $104.5 million.
Those for and against the bill are divided pretty much down party lines, and with Idaho’s Republican controlled Legislature the bill is expected to pass.