Idaho
What's New
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blog
July 10, 2018Building on Momentum from Recent Years, 2018 Delivers Strengthened Tax Credits for Workers and Families
Despite some challenging tax policy debates, a number of which hinged on states’ responses to federal conformity, 2018 brought some positive developments for workers and their families. This post updates a mid-session trends…
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blog
May 22, 2018Most States Have Raised Gas Taxes in Recent Years
State tax policy can be a contentious topic, but in recent years there has been a remarkable level of agreement on one tax in particular: the gasoline tax. Increasingly, state…
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ITEP Work in Action
February 6, 2018Idaho Center for Fiscal Policy: Analysis of House Bill 463
One motivation for reducing taxes this year is to offset the increase in revenue that conformity – aligning our state tax code with recent federal changes – will bring. If…
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blog
January 12, 2018State Rundown 1/12: Tax Cut Tunnel Vision Threatens to Bore State Budget Holes Even Deeper
As states continue to sift through wreckage of the federal tax cut bill to try to determine how they will be affected, two things should be clear to everyone: the… -
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… -
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… -
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…
By the Numbers
| Personal Income Tax Features | |
|---|---|
| Range of Tax Rates | 1.6% - 7.4% |
| Standard Deduction |
|
| Personal Exemption | $4,000 |
| Dependent Exemption | $4,000 |
| Earned Income Tax Credit (EITC) | None |
| Corporate Income Tax Features | |
|---|---|
| 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 | |
|---|---|
| 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 | |
|---|---|
|
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| Other Tax & Revenue Features | |
|---|---|
| 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
- General Fund Revenue Book, FY17
- General Fund Revenue Book, FY18