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Cost for veterans’ tax break higher than expected

Here's a news item from the Associated Press: BOISE, Idaho (AP) — A plan to exempt veterans from paying taxes on their retirement benefits is moving forward, even after its sponsor said it may cost the state more than double what she originally envisioned. The House Revenue and Taxation Committee voted Monday to send the bill to the full House for debate. Rep. Kathleen Sims, a Republican from Coeur d'Alene, says giving military members a tax break_regardless of their retirement age_could convince skilled veterans to settle in Idaho. But Sims now says that the exemption would reduce Idaho's tax haul by $7.8 million, instead of about $3.5 million as she estimated earlier. She used Department of Defense figures to revise the cost, which Sims says more accurately reflects the “highest estimate.”


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Betsy Z. Russell covers Idaho news from The Spokesman-Review's bureau in Boise.

Named best state-based political blog in Idaho for 2013 by The Fix

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