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Eye On Boise

MONDAY, JAN. 6, 2014, 12:27 P.M.

Otter on possible tax cuts…

Idaho Gov. Butch Otter delivers his State of the State message on Monday (Betsy Russell)
Idaho Gov. Butch Otter delivers his State of the State message on Monday (Betsy Russell)

“I’m sure some will argue that the proposals I’m putting forward today are not bold enough, not front-loaded enough or simply not enough,” the governor told a joint session of the Legislature. “But peaks and valleys are not the best way to manage any enterprise – public or private. These proposed investments are measured, manageable and within our means.”

He said: “Their sustainability also is critically important to Idaho’s competitiveness in the global economy. So while I appreciate your support for the tax relief we’ve been able to provide these past two years – and while I would love to see a third year – it’s also my view that any effort to provide additional tax relief for our citizens must be in the context of advancing our goals for Idaho’s education system.”

What that means: Otter has set aside $30 million in his budget proposal for some form of tax relief. But he’s done so with a caveat: That his education improvement proposals must come first.

He offered lawmakers some examples of cuts he’d consider: Further trimming Idaho’s top individual and corporate income tax rates, and increasing the personal property tax exemption for business equipment, enacted last year, from $100,000 to $250,000.

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Betsy Z. Russell
Betsy Russell covers Idaho news from the state capitol in Boise and writes the Eye on Boise blog.

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