Idaho Gov. Brad Little late Thursday signed a massive tax cut and education spending bill made possible by the state’s projected $2 billion budget surplus.
The Republican governor signed the bill after it made a speedy trip through the Legislature in a one-day special session, passing the House 55-15 and the Senate 34-1.
The legislation has a $410 million annual increase through sales taxes for education as well as a $500 million income tax rebate this year. The bill also has an ongoing $150 million income and corporate tax cut by creating a 5.8% flat tax.
Idaho Governor Signs Massive Tax Cut, Education Bill
- by: Associated Press
- 09-01-2022
- Source:
US News
- 07/20/2023
Idaho Capitol Building in the snow by Will Smith is licensed under Unsplash unsplash.com
Idaho Capitol Building in the snow by Will Smith is licensed under Unsplash unsplash.com
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