H03302017 Regular Session
Amends existing law to provide for a 0.1% decrease in individual and corporate income tax rates and to revise the average high cost multiple on and after January 1, 2018, for employment security law purposes.
TAXATION -- Amends existing law to provide for a 0.1% decrease in individual and corporate income tax rates and to revise the average high cost multiple on and after January 1, 2018, for employment security law purposes.
TAXATION
STATEMENT OF PURPOSE
This legislation lowers individual and corporate income tax rates by one-tenth of one percent through all income brackets. It also reduces the taxable wage rate used for determining employers' unemployment insurance premiums by adjusting the unemployment fund size multiplier downward. This bill will result in a substantial net savings to Idaho's covered employers.
LATEST ACTION
Reported Printed and Held at Desk
BILL INFO
- Session
- 2017
- Chamber
- house
- Status date
- Mar 27, 2017