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Here’s a link to my story in today’s paper about what’s become of the big push to review all of Idaho’s tax breaks and see whether they’re still warranted, called for by a joint legislative interim committee. At this point, it’s down to three bills to repeal three exemptions, none of them involving sales tax breaks. State projections show Idaho is expected to collect roughly $1.4 billion in sales taxes in fiscal year 2009, which starts July 1, but $1.79 billion will be exempted through existing tax exemptions or credits.
Over the summer, a joint interim committee called for a review of Idaho’s tax breaks, set up criteria by which to evaluate them, and broke them down into three “tiers” in order of priority for review. The three bills that are moving forward are a small selection from that first-priority tier.
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