Though the exact duration and severity cannot be predicted, the COVID-19 pandemic recession will have major implications for state revenues, services, and resources. Jobless claims experienced an enormous spike as many Idaho businesses closed in response to the new public health rules and customer demand dropped.
Idaho and its communities will require a robust public response to this crisis, including strong fiscal policies that will shield people who are most impacted and preserve public services that will aid in economic recovery and help all communities thrive.
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Child Tax Credit Expiration Will Lead to Tax Increase on Middle Income Families
- The Idaho Legislature passed over $290 million in income tax relief during the 2025 Session. The relief came from House Bill 40, which lowered
