Committee Approves Tax Conformity Bill as Public Hearing Centers on Budget Cut Concerns

Committee approves tax conformity bill as public hearing centers on budget cut concerns

BOISE — A two-hour public hearing on Idaho’s tax conformity bill brought concerns from Idahoans who feared cuts or eliminations of state programs if business and personal income tax provisions were adopted by the state. The bill seeks to adopt…

House Bill 559 — Internal revenue code conformity (+2)

Bill Description: House Bill 559 would fully conform Idaho’s tax code to the federal changes enacted by HR1 (The One Big Beautiful Bill Act) for individuals and partially for businesses. Projected tax savings for Idaho residents and businesses are somewhere between $155 million to $188 million during the 2026 tax year, with the higher number more […]

Statehouse roundup, 2.2.26: Despite cost and budget questions, Trump tax bill clears committee

Speakers spent almost two hours pointing to the warts in Idaho’s version of the One Big Beautiful Bill. Then the bill received party-line support. The House Revenue and Taxation Committee endorsed a plan to enact most tax cuts from President Donald Trump’s One Big Beautiful Bill, and allow Idahoans to get breaks on their 2025 taxes. The vote on House Bill 559 begins the fourth week of a legislative session dominated by budget and tax issues — an…