H 40 - Reduces the Personal and Corporate Income Tax Rate - Idaho Key Vote
Timeline
- Executive Signed
- March 7, 2025
- Senate Bill Passed
- March 4, 2025
- House Bill Passed
- Feb. 3, 2025
- Introduced
- Jan. 23, 2025
Related Issues
Stage Details
Title: Reduces the Personal and Corporate Income Tax Rate
Signed by Governor Brad Little
Title: Reduces the Personal and Corporate Income Tax Rate
Vote Smart's Synopsis:
Vote to pass a bill that reduces personal and corporate income tax rates by $253 million in Idaho.
Highlights:
-
Reduces personal and corporate income tax rates by a total of $253 million in Idaho (Sec. 1).
-
Repeals the capital gains tax on precious metal bullions (Sec. 1).
-
Expands an exemption on military pensions to certain retired service members who keep working (Sec. 1).
-
Specifies that this bill declares an emergency and that the provisions shall take effect immediately upon passage and approval by the Governor and apply retroactively to January 1, 2025 (Sec. 5).
Title: Reduces the Personal and Corporate Income Tax Rate
Vote Smart's Synopsis:
Vote to pass a bill that reduces personal and corporate income tax rates by $253 million in Idaho.
Highlights:
-
Reduces personal and corporate income tax rates by a total of $253 million in Idaho (Sec. 1).
-
Repeals the capital gains tax on precious metal bullions (Sec. 1).
-
Expands an exemption on military pensions to certain retired service members who keep working (Sec. 1).
-
Specifies that this bill declares an emergency and that the provisions shall take effect immediately upon passage and approval by the Governor and apply retroactively to January 1, 2025 (Sec. 5).
Title: Reduces the Personal and Corporate Income Tax Rate
Committee Sponsors
- Revenue and Taxation (Sponsor)
- Vito Barbieri (ID - R)
- Rob Beiswenger (ID - R)
- Chris Bruce (ID - R)
- Tanya Burgoyne (ID - R)
- David M. Cannon (ID - R)
- Lucas Cayler (ID - R)
- Ronald 'Jaron' Crane (ID - R)
- Barbara Dee Ehardt (ID - R)
- Dori Healey (ID - R)
- Edward H. 'Ted' Hill (ID - R)
- James D. Holtzclaw (ID - R)
- Wendy Horman (ID - R) (Out Of Office)
- Clint Hostetler (ID - R)
- David J. Leavitt (ID - R)
- Steven 'Steve' Miller (ID - R)
- Brandon Mitchell (ID - R)
- Jason A. Monks (ID - R)
- Mike Moyle (ID - R)
- Joe A. Palmer (ID - R)
- Douglas T. Pickett (ID - R)
- Elaine Price (ID - R)
- Cornel Rasor (ID - R)
- Jordan Redman (ID - R)
- Heather Scott (ID - R)
- John C. Shirts (ID - R)
- Bruce Skaug (ID - R)
- Josh Tanner (ID - R)
- John Vander Woude (ID - R)