The bill from Idaho House leadership proposing tax changes passed the House today. Idaho Public Radio’s Jeff Myers reports from Boise. (:55 )
House bill 311 passed the Idaho legislative House in a vote of 53 to 17.
The bill would eliminate sales tax on groceries and would remove the 100 dollar grocery tax credit Idahoans receive. The bill also adjusts taxation rates by consolidating the current top 3 taxable income levels, providing instead for a 6.7% tax on all taxable income above 4,000 dollars.
Additionally the bill would raise Idaho’s gas and fuel tax by 7 cents. The gas and fuel tax increase dollars would be distributed to state and local highway funds to help pay for maintenance and repair on Idaho’s roads. Of the funds raised by the gas tax increase 60% would go to the state and 40% would go to local districts.
The bill would also take 5 million dollars from the tax refund account and redistribute 3 million to the state highway account and 2 million to local highway districts. The bill will now go to the Senate for consideration.
I’m Jeff Myers, Idaho Public Radio, at the state Capitol.
Copyright 2015 Idaho Public Radio
Posted March 30, 2015