House passes bill to cut state income taxes
BOISE, Idaho (KIFI) - The Idaho House has passed a new bill to cut state income taxes.
House Bill 332 would reduce the number of tax brackets from seven to five.
It would also remove a clause that deprived cities and counties from receiving sales tax revenues from online sales. It also transfers $220 million from the tax relief fund to a tax rebate fund.
The rebate is for taxpayers who filed a 2019 tax return.
The bill now goes to a Senate committee.
