Tag Archives: taxes
Crapo: Economy needs lower tax rates, less regulatory activity
Sen. Mike Crapo says reforming the tax code by lowering income tax rates would help the economy grow and create jobs, as would reducing government regulatory activity that he said has exploded. More than 100 people attended the town hall meeting in … Continue reading
Idaho improves in economic outlook ranking
Idaho has the fifth-best outlook for economic growth in the country, according to an annual study that credits governments that spend and tax less. Idaho moved up two spots in this year’s “Rich States, Poor States” report from the American … Continue reading
Education could get $56 million due to budget surplus
Idaho budget writers got an update Wednesday on the millions of dollars in surplus state revenues, most of which will go back into the public education system to offset looming cuts. Tax revenues are currently $66 million over the state … Continue reading
April tax revenues exceed expectations
April tax revenues can be the make-or-break month for Idaho’s state budget, and this year’s budget appears to be safe, as revenues were almost $14 million above expectations. That gives the state close to a $74.2 million surplus for the … Continue reading
March tax revenues above expectations, continuing trend
Idaho’s general fund tax revenues for March are $3.9 million above projections, which is the eighth time in nine months that revenues have topped projections. The state is now $60 million above projections for the current fiscal year, which ends … Continue reading
Idaho Senate rejects wind energy tax rebate extension
Idaho lawmakers have struggled with how to regulate and reward wind energy and other forms of alternative energy, and on the apparent last day of the session, the Idaho Senate rejected what was billed as a compromise between alternative energy … Continue reading
State tax staff won’t see furloughs in order to boost collections, which could help schools
Idaho lawmakers set a budget for the Idaho State Tax Commission that would end unpaid furloughs for all of its staff but slow the hiring of new temporary tax auditors. Lawmakers and commission leaders say the change in priorities should … Continue reading
Tax commission: returns slower due to double checking
Idahoans expecting a tax refund check in the mail may have to wait a little longer this year. The Idaho State Tax Commission said the turnaround time for tax returns has changed from two weeks last year to four weeks … Continue reading
Dems float tax exemption repeal bill
Key legislators on both sides of the aisle say a repeal of certain sales tax exemptions won’t be seriously considered this session, but the House Revenue and Taxation Committee has printed a bill calling for a slew of exemptions on … Continue reading