Complicated Tax Bill Surfaces
Complicated legislation to make big changes in Idaho’s tax system – lowering the top income tax brackets to 6.7 percent from the current 7.4 percent, while keeping lower brackets the same as they are now; removing the sales tax from groceries while eliminating the current grocery tax credit; and raising the gas tax by 7 cents a gallon, from the current 25 cents to 32 cents – was introduced this morning in the House Revenue & Taxation Committee/ Betsy Russell , Eye on Boise. More here .
Question: I like that the bill calls for removing the sales tax on groceries. But it seems too late in the 2015 Legislature to be trying to digest a tax change this significant. Thoughts?
* This story was originally published as a post from the blog "Huckleberries Online." Read all stories from this blog