Advertisement

Idaho House approves massive income tax cut and rebate plan

The plan will provide a minimum rebate of $50 for each 2019 taxpayer and dependent or,...
The plan will provide a minimum rebate of $50 for each 2019 taxpayer and dependent or, alternatively, 9% of income taxes paid in 2019, whichever is greater.(KMVT)
Published: Mar. 17, 2021 at 4:06 PM MDT
Email This Link
Share on Pinterest
Share on LinkedIn

BOISE, Idaho (AP) — The Idaho House has approved a massive income tax cut backers say provides much-needed relief but opponents say is a giveaway to the rich that will result in long-lasting harm.

Lawmakers voted 58-12 on Wednesday, with all Democratic lawmakers opposed, to send the bill to the Senate.

The plan includes $169 million in ongoing income tax cuts for individuals and corporations and a $220 million rebate to Idaho residents who paid income taxes for 2019.

The plan will provide a minimum rebate of $50 for each 2019 taxpayer and dependent or, alternatively, 9% of income taxes paid in 2019, whichever is greater.

Copyright 2021 Associated Press. All rights reserved.