The Idaho House Revenue and Taxation Committee on Tuesday approved HB 563, a measure that permanently cuts individual and corporate income taxes for top earners.

The bill, co-sponsored by 40 of the 70 House members, heads to the full House for a vote. It would cut the top individual income tax rate from 7.8% to 7.4% and the top corporate rate from 7.6% to 7.4% in 2013. 

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.