$ 400 million in tax reduction planned

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Kuna, Idaho (AP) – Lawmakers in Idaho are considering a $ 400 million tax break for the next legislative session, which includes a $ 200 million income tax cut, a senior member of the the Republican Chamber.

Deputy House Majority Leader Jason Monks said on Friday that the income tax cut involved lowering the top tax bracket from 6.5% to 6%.

Monks spoke at a Legislative District Town Hall meeting in Kuna with several other lawmakers.

Monks said Republican Gov. Brad Little was behind the income tax reduction plan, as was chairman of the House Income and Taxation Committee.

“They grease the skates on that pretty well,” Monks said.


He said the remaining $ 200 million would come from a one-time tax break.

Republican lawmakers last year passed nearly $ 400 million in tax breaks that Democrats say mainly benefited the wealthy.

Idaho’s budget surplus is estimated at $ 1.6 billion, largely attributable to the $ 5 billion the federal government sent Idaho in coronavirus relief money.

The legislature is scheduled to meet in Boise on Jan. 10, and lawmakers will review the definition of state agency budgets.

Republican Gov. Brad Little earlier this month hinted at possible tax cuts stemming from the forecast surplus.


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