Solons still pushing tax cuts
The Idaho Legislature’s Tax Working Group is inviting public testimony at its meeting Tuesday on four proposed tax law changes: First, lowering Idaho’s top personal and corporate income tax rate from 7.4 percent to 7.3 percent, without making any change in other categories for lower earners; second, two versions of a proposal to increase the exemption from the personal property tax on business equipment, either raising it from the current $100,000 per county per taxpayer to $150,000, or to $250,000; and third, eliminating the sales tax on food and doing away with the current grocery tax credit/Betsy Russell, Eye on Boise. More here.
Thoughts?