January 30, 2017

Idaho Center for Fiscal Policy: House Bill 67

ITEP Work in Action

The Idaho Legislature is considering a proposal that would cut top income tax and corporate tax rates. The bill will also eliminate the income tax on the first $750 of taxable household income.

This proposal would substantially reduce Idaho’s general fund revenue. Estimates of the impact range from $51 million to $56 million. A majority of general fund spending (62.7% in fiscal year 2017) supports education.

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