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The new Idaho tax-cut plan aims to cut all income tax brackets, setting the top individual and corporate tax bracket to 6.5%. The bill is supported by Republicans who say they are looking to give Idahoans their money back while also leveling the playing field with other states.

“I think that the Idaho income tax rate relative to other states is too high," said Republican Rep. David Cannon of Blackfoot. "I think it is important that we get it lower, more in line, more competitive with other states."

The bill also provides a one-time sales tax/income tax rebate, returning $220 million to Idaho taxpayers. A rebate check would be sent to 2020 personal income tax filers providing a minimum amount of $50 for each taxpayer and dependent or 9% of income taxes paid in 2019, whichever is greater.

The new Idaho tax-cut plan aims to cut all income tax brackets, setting the top individual and corporate tax bracket to 6.5%. The bill is supported by Republicans who say they are looking to give Idahoans their money back while also leveling the playing field with other states. “I think that the Idaho income tax rate relative to other states is too high," said Republican Rep. David Cannon of Blackfoot. "I think it is important that we get it lower, more in line, more competitive with other states." The bill also provides a one-time sales tax/income tax rebate, returning $220 million to Idaho taxpayers. A rebate check would be sent to 2020 personal income tax filers providing a minimum amount of $50 for each taxpayer and dependent or 9% of income taxes paid in 2019, whichever is greater.

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