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Bill to cut Idaho's tax income by $253M advances to the House

by LAURA GUIDO/Coeur d'Alene Press
| January 31, 2025 1:00 AM

BOISE — What may be the biggest ongoing cut to Idaho income taxes has advanced to the House floor.

The House Revenue and Taxation Committee on Thursday voted on party lines to send HB 40 to the floor, with Democrats arguing that it will only benefit the wealthiest residents and that the committee should pause a vote to ensure the state has enough revenue to meet its other obligations — including other proposed tax cuts.

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