Idaho
What's New
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ITEP Work in Action
January 30, 2017Idaho Center for Fiscal Policy: House Bill 67
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…
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ITEP Work in Action
January 29, 2016Idaho Center for Fiscal Policy: Analysis and Considerations Related to House Bill 380
“Idaho households with incomes between $41,000 and $64,000 a year would see a $23 decrease in their tax liability, on average. The top 1% – those with incomes of $444,000…
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ITEP Work in Action
December 18, 2015Idaho Center for Fiscal Policy: A Summary of Four Proposals from the Legislature’s Tax Working Group
Idaho has a graduated personal income tax, with rates increasing with household income. This has a balancing effect on the sales and property taxes,which generally cost middle and lower-earning…
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ITEP Work in Action
March 27, 2015Idaho Center for Fiscal Policy: A Complex End-of Session Proposal: Notes on House Bill 311
A new proposal in the Idaho Legislature would dramatically shift the way taxes are collected and generate a new revenue source for roads and bridges. The proposal has several components… -
ITEP Work in Action
February 23, 2015Idaho Center for Fiscal Policy: Complex Tax Proposal Would Have Uneven Impacts on Idahoans
A new proposal in the Idaho Legislature would dramatically shift the way taxes are collected and generate a new revenue source for our neglected roads and bridges. The proposal has… -
report
February 5, 2015Grocery Tax Exemption Is No Improvement for Idaho
Read as a PDF. A proposal to eliminate Idaho’s Grocery Credit Refund and create a sales tax exemption for all grocery purchases would reduce state revenues by roughly $34 million…
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report
January 14, 2015Who Pays? 5th Edition
Who Pays?, A Distributional Analysis of the Tax Systems in All Fifty States (the fifth edition of the report), assesses the fairness of state and local tax systems by measuring… -
report
February 13, 2013IDACorp– Biggest Winner Under Property Tax Plan– Pays Nothing in State Income Taxes
Idaho Governor Butch Otter and the state legislature are seriously considering repealing the personal property tax on business equipment. The governor claims that repealing the tax would help the state's… -
report
March 24, 2012Idaho House Tax Plan Stacked In Favor of the Wealthy
Most Tax Cuts Flow to the Top 1%, Vast Majority of Idahoans Receive No Benefit An income tax cut recently passed by the Idaho House of Representatives, and backed by…
By the Numbers
| Personal Income Tax Features (2015) | |
|---|---|
| Range of Tax Rates | 1.6% - 7.4% |
| Standard Deduction |
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| Personal Exemption | $4,000 |
| Dependent Exemption | $4,000 |
| Earned Income Tax Credit (EITC) | None |
| Corporate Income Tax Features (2015) | |
|---|---|
| Range of Tax Rates | N/A |
| Income Level at Which Top Rate Applies | N/A |
| Combined Reporting | 7.40% |
| Apportionment Factor (Payroll) | All |
| Apportionment Factor (Property) | Yes |
| Apportionment Factor (Sales) | 25% |
| Sales Tax Features (2015) | |
|---|---|
| State Sales Tax Rate | 6.00% |
| Average Local Sales Tax Rate | N/A |
| Average Combined State & Local Sales Tax Rate | 6.0% |
| State Sales Tax Treatment of Groceries | Taxed at regular rate, but offsetting credit/rebate is available |
| Local Sales Tax Treatment of Groceries | Taxed |
| Number of Services Taxed | 29 out of 168 surveyed (2007) |
| Streamlined Sales Tax Membership | No |
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| Property Tax Features (2015) | |
|---|---|
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| Other Tax & Revenue Features (2015) | |
|---|---|
| Gasoline Tax Rate (per gallon) | $0.25 |
| Diesel Tax Rate (per gallon) | $0.25 |
| Cigarette Tax Rate (per pack) | $0.57 |
| Estate or Inheritance Tax | No |
| Net Lottery Sales Per Capita | $87 (2010) |
| Tax Policy Oversight | |
|---|---|
| Tax Expenditure Report | Yes |
| Tax Incidence Analysis Capability | None |
Last updated January 13, 2015
RESOURCES
State Tax & Revenue Information
- State Tax Commission Reports and Statistics
- Idaho Legislature Budget and Policy Analysis
- Idaho Division of Financial Management
Tax Expenditure Reports
- General Fund Revenue Book, FY13
- General Fund Revenue Book, FY14
- General Fund Revenue Book, FY15
- General Fund Revenue Book, FY16