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Eye On Boise archive for Jan. 19, 2017

THURSDAY, JAN. 19, 2017

Study: Idaho natural gas and oil tax rates below many states

Idaho's effective tax rate on natural gas and oil production is less than half the average when compared with eight other producing states, according to a tax-comparison study released Thursday. The study made public at the Idaho Oil and Gas Conservation Commission meeting found Idaho's rate at 4 percent compared with the 9.5 percent average...

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House panel introduces bill to match Idaho tax code with IRS

Lawmakers on the Idaho House Revenue and Taxation Committee have introduced legislation to bring the state's tax code in line with federal rules. Tom Shaner, with the Idaho Tax Commission, said Thursday that the move is estimated to cost Idaho almost nothing – marking the first time in nearly a decade that bringing Idaho's tax code in line...

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Bill would remove extra fee on hybrid vehicles

An Idaho House panel has introduced legislation that would exclude gasoline hybrid vehicle owners from paying an additional $75 registration fee. Two years ago, lawmakers passed a transportation funding plan that raised vehicle registration fees and the gasoline tax by 7 cents. Electric and hybrid vehicles faced higher...

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Eye On Boise

News, happenings and more from the Idaho Legislature and the state capital.