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Idaho House approves massive income tax cut and rebate plan

Idaho Statehouse
Posted at 6:14 PM, Mar 17, 2021
and last updated 2021-03-17 20:14:18-04

BOISE, Idaho — 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.