Tax Working Group invites public testimony Tues. on four proposed tax-cut bills
The Idaho Legislature’s Tax Working Group is inviting public testimony at its meeting Tuesday on four proposed tax law changes: First, lowering Idaho’s top personal and corporate income tax rate from 7.4 percent to 7.3 percent, without making any change in other categories for lower earners; second, two versions of a proposal to increase the exemption from the personal property tax on business equipment, either raising it from the current $100,000 per county per taxpayer to $150,000, or to $250,000; and third, eliminating the sales tax on food and doing away with the current grocery tax credit.
You can see the full agenda and draft bills here. Public testimony will be taken in the Lincoln Auditorium from 8:45 a.m. to noon on Tuesday; the working group will convene that morning at 8:30, and reconvene after a lunch break from 1:15 to 3 to discuss draft legislation and next steps.