Idaho governor signs $253 million tax cut bill
BOISE — Gov. Brad Little on Thursday signed House Bill 40, which cuts corporate and individual income taxes, eliminates the capital gains tax on precious metal bullion and expands tax exemptions on some military pension income.
The bill, carried by House Speaker Mike Moyle, R-Star, and Majority Leader Rep. Jason Monks, R-Meridian, is expected to reduce the state's revenue by $253 million, and is the largest income tax cut in state history.
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