Boise, ID (STL.News) Idahoans will begin receiving direct deposits or mailed checks in the form of income tax relief starting next week following the passage of Governor Brad Little’s historic tax relief package earlier this year.
The refunds are part of Governor Little’s “Building Idaho’s Future” plan to use our record budget surplus for tax relief and key investments in critical areas to keep up with the state’s unprecedented growth.
“Idaho’s economy continues to blow past projections. We are leading the country in economic prosperity. This year, we achieved the single largest tax cut in state history! We’ve returned your tax dollars with our record budget surplus,” Governor Little said. “These tax cuts boost Idahoans’ prosperity, and they keep our tax rates competitive and our business climate vibrant.”
Idahoans are benefitting from the single largest income tax cut in state history – $445 million for Idaho families and businesses, including $163 million in permanent, ongoing income tax cuts, and $8 million in ongoing property tax cuts offset by the General Fund.
“Curbing government spending should be the perpetual mission of public servants. Returning taxpayer dollars should always be our goal,” Governor Little added.
The Idaho State Tax Commission has a web page with FAQs on the tax rebate here: https://tax.idaho.gov/i-2082.cfm
Governor Little also announced in July that Idaho ended its fiscal year yet again with a record budget surplus – this time amounting to close to $1 billion – and that he would continue to pursue added tax relief and key investments during the 2022 legislative session.