March 18, 2021

Idaho Center for Fiscal Policy: Analysis and Considerations Related to House Bill 332

ITEP Work in Action

The Idaho Legislature is considering a proposal that would cut income and corporate tax rates and provide a one-time tax rebate.

Under the proposal, the tax benefits from this proposed legislation are heavily lopsided. Taking all provisions into account, households with very modest earnings would receive a $78 average tax cut, and the top 1 percent who would receive an average tax cut of $8,863.

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