Idaho House passes unemployment tax bill

The Idaho House has voted unanimously – 69-0 – in favor of HB 335, to cut unemployment insurance taxes for Idaho employers. The move sends the bill to the Senate side.

“You saw this bill a couple of times last year,” House Majority Leader Mike Moyle, R-Star, told the House. “This bill lowers the unemployment insurance taxes paid by our businesses throughout the state. It does so by adjusting the unemployment multiplier down. It’s a good bill.”

He said, “The reason we need to hurry with this bill is that those businesses start paying this tax the first quarter. … We need to let those businesses know what their rate has adjusted down to. … Hopefully you can support the bill.”

HB 335 would save Idaho employers $115 million over the next three years. Read more here: Betsy Russell/Eye on Boise blog