Tag Archives: taxes
Early April revenue numbers $55.5 million below projections
Preliminary Idaho tax revenue numbers show that Idaho took in $55.5 million less than projected in April, the state’s largest revenue month. April had been called a “make or break” month by lawmakers who put together the state budget. “I … Continue reading
Final March tax numbers $14.5 million above estimates
Final tax revenue data confirms that Idaho had a $14.5 million surplus in March. Those higher than expected revenue nearly fill up a $16 million shortfall for February, and still leave the state $27.1 million below the tax collections estimated … Continue reading
Early March tax revenue numbers could show promise of turnaround
Preliminary reports for Idaho income and sales tax revenue for March suggest that the state may exceed its forecasted collections. That would reverse the trend of revenues coming in below projections that’s persisted for several months and ease concerns about … Continue reading
Final February tax numbers confirm $16 million gap
The final report on tax revenues for Idaho’s general fund show the state collected $16.2 million less than expected in February. That’s the biggest gap during the past three months, when the state lowered its expectations for revenues from the … Continue reading
Hill on taxes and local control (video)
Rexburg Republican Sen. Brent Hill chairs the Senate Local Government and Taxation Committee, which this session rejected several tax breaks that sailed through the Idaho House of Representatives. The Senate panel killed an income tax exemption for businesses that hire … Continue reading
Tax breaks for dorm builders faces Senate vote
The Senate Local Government and Taxation Committee Tuesday approved a tax break that would help Boise State University, but rejected a tax rebate for airplane repair parts that would benefit another Boise business. Both tax breaks were approved without opposition … Continue reading
Idahoans may soon be able to use silver to pay taxes
If Rep. Phil Hart, R-Athol, has his way, Idahoans could soon be able to pay their taxes with silver medallions produced in the state of Idaho. Hart said the bill serves several purposes, including creating jobs in Idaho, as well … Continue reading
Otter encourages Oregon, Washington businesses to move east
Idaho Gov. Butch Otter slammed tax increase ideas in Oregon and Washington in a news release Monday, and encouraged businesses in those states to relocate to Idaho. “We now are reaching out to hundreds of Oregon businesses, and will do … Continue reading
Uncertainty over latest tax revenue numbers
A leading Idaho lawmaker on budget issues said Tuesday he hasn’t seen any new tax revenue numbers after the top House representative on education said he’s heard it is $10 million below expectations. Meanwhile, the economist who puts together the … Continue reading
Latest tax revenue report shows $12.8 million monthly shortfall
The latest report of Idaho state tax revenues shows a shortfall of more than $12 million for the second straight month. Revenues were $12.8 million under expectations for January, the most recent month available. Idaho chief economist Mike Ferguson reset … Continue reading