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?

 




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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.








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