BOISE, Idaho — Idaho Gov. Brad Little signed a $64 million unemployment tax cut into law on Friday, saying it will help businesses hang on to more earnings.
The bill locks a lower unemployment insurance rate into place for the next two years. Little signed the bill while at Henggeler Packing Company in Fruitland. The legislation is part of a package of tax cuts Little promoted during his State of the State Address last month, dubbed the “Leading Idaho” plan.
Other tax cuts include the biggest income tax cut in Idaho history that sailed through the Legislature and was signed by the governor two weeks ago.