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Advocacy Update

The 68th Legislature has Adjourned..

4/8/2025

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Dear Readers,

As the 68th legislative session concludes, we extend our gratitude to both the House and Senate for their dedication and service to our state. 

One of the Chamber’s key advocacy priorities is advancing tax policy and economic development tools that create a business-friendly environment while supporting a vibrant, livable community for working families. House Bill 40 represents a step in this direction, delivering the largest income tax reduction in state history. This legislation lowers corporate and individual tax rates from 5.695% to 5.3% and expands the income tax exemption to include military pensions, enhancing Idaho’s tax climate for veterans.

Furthering tax relief efforts, House Bill 304 provides $100 million in property tax relief—allocating $50 million directly to Idaho homeowners and another $50 million to help pay down school districts’ bonds and levies.
Additionally, we remain strong supporters of the Idaho Launch program and are pleased to see funding secured for this vital workforce development initiative. This investment will provide more Idahoans with access to training and education opportunities that align with the needs of our growing economy.

On the federal level, we commend the U.S. Department of Treasury for issuing an interim final rule eliminating the Beneficial Ownership Information (BOI) reporting requirement under the Corporate Transparency Act for U.S. businesses. This decision alleviates a regulatory burden on small businesses. We especially appreciate the leadership of Idaho’s Secretary of State, Phil McGrane, and other advocates who worked diligently to achieve this outcome.

We look forward to continuing our work on behalf of Idaho’s business community and ensuring a strong future for our state.
​
Stay well,
Tori Thomas 



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    TORI THOMAS
    Community and Government Affairs Manager
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​1101 W. Front St., Suite 100
​Boise, Idaho 83702
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  • Home
  • Member Directory
  • Membership
    • Join the Boise Metro Chamber
    • Member Login
    • Reasons to Join
    • Member Benefits
    • 100 Year Members
    • Sponsorship
    • Advertising
    • Join The Board of Advisors
    • Chamber Connect
    • Coupons
  • Events
    • National Civics Bee
    • Chamber Calendar
    • Annual Events
    • Virtual Chamber Events >
      • Metro Minute
      • Chamber Check-Ins
      • Event Rewind
      • Higher Education Series
      • In Search of Civility
      • Legislative Update
    • Community Happenings
    • Business Education Series
  • Programs & Services
    • Advocacy >
      • Advocacy Update
    • Boise Young Professionals
    • Ambassadors
    • Committees & Councils
    • Conference Rooms
    • Certificates of Origin
    • Industry Boards
    • Leadership Boise Programs >
      • Leadership Boise Academy
      • Leadership Boise Academy Youth Ambassadors
      • Leadership Boise
      • Leadership Boise Alumni
    • T.I.P.S. Groups
  • Live Work Visit
    • Live in Boise >
      • Boise Idaho Relocation Packet Request
    • Work in Boise >
      • Job Bank
      • Join A Board
    • Visit Boise
  • About Us
    • Blog
    • Our Leadership
    • Our Team >
      • Careers
    • Chamber History
    • Media and Communications >
      • Boise Valley Spotlight
      • Our Enewsletters
      • Metro Connection Newsletter
    • Frequently Asked Questions
    • Contact Us
  • Boise Tourism Information