Spokane7
57°Quick links: 2012 graduating seniors • Summer camp guide • Jobs: The Road Ahead • Prep sports • News quiz
With a unanimous vote, the House Revenue & Taxation Committee has voted to introduce a grocery tax credit increase with a complicated mechanism that would give the poorest Idahoans a bigger boost, but still would give all Idahoans an increase. The change would cost the state budget $23.8 million the first year, another $18.1 million the year after, another $16.4 million the year after that, and it would continue to rise, though the increases could be halted by lawmakers due to economic conditions. Under the bill, Idahoans whose taxable income is only $1,000 or less a year would get a $55 per person grocery tax credit next year, while anyone making more than that would get $30 per person. The current credit is $20. The bill also extends the grocery tax credit to those who make too little to be required to file income tax returns; they’re excluded from the current credit.
The bill has 19 co-sponsors: Reps. Bayer, Vander Woude, Eskridge, Henderson, Nonini, Anderson, Chadderdon, McGeachin, Mathews, Roberts, Labrador, Kren, and Hagedorn, and Sens. Fulcher, Keough, McKenzie, Goedde, Broadsword and Hammond.
999 W. Riverside, Spokane, WA 99201
P.O. Box 2160, Spokane, WA 99210
Main switchboard: (509) 459-5000 • (800) 338-8801
Newsroom: (509) 459-5400 • (800) 789-0029
Customer service: (800) 338-8801
© Copyright 2012, The Spokesman-Review
Terms of use • Privacy policy • Copyright policy
No comments on this post so far. Add yours!
« Back to Eye On Boise
You must be logged in to post comments.
Please create a profile or log in here.