Idaho Bills
3 bills · 2017 Regular Session
Amends, repeals and adds to existing law to provide a sales and use tax exemption for food sold for human consumption; and to revise a distribution
51 – 19
Amends existing law to establish a tax credit rate for contributions to certain scholarships.
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.
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.