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The Spokesman-Review Newspaper
Spokane, Washington  Est. May 19, 1883

Eye On Boise

When timing is everything

The tax breaks in the federal stimulus bill include a new deduction for sales taxes on vehicle purchases, up to $49,500 of their cost. It phases out for higher-income taxpayers, Sen. Brent Hill explained to legislative budget writers this morning, and there's a specific date-of-purchase range that's covered: It's only for new cars, light trucks, RVs and motorcycles purchased from Feb. 17, 2009 to Dec. 31, 2009. "I purchased a new car, with my wife, on Feb. 12th," Hill confided to the committee, missing the window. That particular tax break, by the way, will cost Idaho $1.68 million in state income tax revenue if the state conforms its tax code to the IRS changes.



Eye On Boise

News, happenings and more from the Idaho Legislature and the state capital.