Here’s a news item from the Associated Press: BOISE, Idaho (AP) – Idaho lawmakers have ushered in the first tax cut proposals of the 2017 legislative session. House Majority Leader Mike Moyle says that he wants to exempt the first $750 of income from taxation, as well as reduce the top income and corporate rate from 7.4 percent to 7.2 percent. Meanwhile, Rep. Janet Trujillo, a Republican from Idaho Falls, has a bill that would bump the exemption on business equipment to $250,000. Currently, only the first $100,000 of a business's personal property in each county – everything from its desks and computers to big semiconductor equipment – is exempt from taxation. The House Taxation and Revenue Committee introduced both proposals Thursday, clearing the way for full hearings.