The Idaho Association of Commerce and Industry, known as IACI, has developed a “strategic, broad-based plan to right-size Idaho’s tax system,” after being challenged to do so by legislative leaders in 2016, Nathan Anderson, director of public policy for Union Pacific and chair of IACI’s tax policy committee, told the Associated Taxpayers of Idaho annual conference today.
The IACI proposal, developed through four subcommittees focusing on employment taxes, sales taxes, property taxes and income taxes, ranges from cutting income taxes by $232 million a year to raising the sales tax by a penny to fund transportation infrastructure. The group also opposes removing the sales tax from groceries; favors cutting unemployment insurance premium taxes; andsupports letting counties decide to remove the personal property tax on business equipment. They’re also recommending changes in local government funding structures; Anderson ran briefly through the proposals this afternoon.
He said they’ll be posted online in a white paper.