Despite earlier concerns, governor signs largest income tax cut in Idaho history
Gov. Brad Little on Thursday signed a bill cutting Idaho’s income tax rate from 5.695% to 5.3%. Darin Oswald [email protected]
Gov. Brad Little signed a $253 million tax cut into law Thursday, despite sharing his earlier concerns over the total amount of proposed losses in state revenue this year. It is the largest income tax cut in state history, according to a news release announcing the cut.
In his annual State of the State address in Little proposed $100 million in tax cuts. The Legislature responded by proposing more than four times that amount this session across three bills, including the income tax cut.
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