Arrow-right Camera

Huckleberries Online

House OKs $126M Income Tax Break

The House has voted 54-13 in favor of a $126 million cut in income taxes over the next six years; HB 548 now moves to the Senate side, where Senate Local Government & Taxation Committee Chairman Jeff Siddoway already has said he doesn’t plan to give it a hearing, as he favors instead further expanding the property tax exemption for business equipment. The bill would lower every individual and corporate income tax bracket’s rate by a tenth of a percent each year for the next six, eventually lowering the top rates from 7.4 percent down to 6.8 percent. If the state’s general fund revenue didn’t grow by at least 3 percent in a particular year, the next installment wouldn’t happen/Betsy Russell, Eye on Boise. More here.

Other Eye on Boise posts today:

Question: Again, a tax cut is more important than public schools. Thoughts?


You must be logged in to post comments. Please log in here or click the comment box below for options.

comments powered by Disqus
« Back to Huckleberries Online

Huckleberries Online

D.F. Oliveria started Huckleberries Online on Feb. 16, 2004. Oliveria's Sunday print Huckleberries is a past winner of the national Herb Caen Memorial Column contest.