The Idaho Legislature is considering a proposal that would reduce the number of income tax brackets from seven to five, cut income and corporate tax rates and provide a one-time tax rebate. HB380 is a revised version of HB332, with one significant change, the elimination of two tax brackets, which serves to make Idaho’s tax system more regressive.
Read the full report here: Analysis and Considerations Related to House Bill 380
How Federal and State Tax Cuts Shift Costs onto Idaho Families and Communities
- The Idaho state government relies on income taxes to fund essential public services, including quality public education, safe infrastructure, and public safety. Since 2018,