Idaho House Advances One Big Beautiful Bill Tax Cuts
House Bill 559 aligns Idaho income tax with federal changes, offering deductions for tips, overtime exclusion, and increased senior deduction, costing $155 million this fiscal year.
6 Articles
6 Articles
Idaho committee advances bill to conform to federal ‘Big, Beautiful’ tax changes
An Idaho House Committee voted Monday to advance a bill that conforms to nearly all the tax cuts in the federal "One Big Beautiful Bill Act." The majority of testimony opposed the bill because of its large hit to the state budget in the current fiscal year. Supporters said it would provide tax relief to Idahoans. (Phillip Rubino/Getty Images)An Idaho House of Representatives committee voted Monday to advance a bill that adopts nearly all of the …
Idaho tax policy isn’t neutral — It’s a direct hit to Idaho families and children
Idaho is known as a conservative place. Over the last several years, however, the conservative mindset has not been seen much in the state’s financial affairs. Conservatives used to match revenue to the needs of the Idaho citizens. Certainly not overspend or have deficit spending. Heck, we even developed reserve funds (“rainy day” funds) of over a billion dollars. But 4-5 years ago, that conservative mindset was replaced by an irrational need…
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