governor's address

Chamber Applauds Governor's Plan to Lower Idaho's Income Tax

On Monday during his State of the State address, Governor Butch Otter highlighted a five-year plan to reduce the state's income tax rate, a move that businesses in Idaho have been rallying in support of for several years. In a proposal to lower Idaho's corporate and individual income tax from 7.4 percent to 6.9 percent, Governor Otter's plan would  eventually eliminate the top tax bracket, affecting individual taxpayers earning $10,718 or more per year and couples filing jointly earning at least $21,436.

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