![]() ![]() On July 14, the Tax Foundation, a national nonprofit, brought up its concerns with the initiative in a post titled “Idaho’s Tax Hiking Ballot Measure Riddled With Mistakes.” Houck wrote to Kane to ask if the post was accurate. The language in Proposition 1 addresses 2021 tax code, not the changes the Legislature made in 2022.Īs first reported by Boise State Public Radio, on July 19, Chief Deputy Attorney General Brian Kane outlined his concerns over Proposition 1 in an email to Chief Deputy Secretary of State Chad Houck in response to an inquiry from Houck. ![]() Should voters pass the Quality Education Act, it isn’t clear if the Legislature would need to revisit changes made in the tax brackets from that bill. ![]() The bill also reduced the corporate income tax and granted some rebates. But during the 2022 Legislative Session, lawmakers passed HB 463, which reduced the number of tax brackets from five to four. Reclaim Idaho started gathering signatures for the Quality Education Act in 2021. The proposition would create a new tax bracket for people in that income range. Married couples would pay new taxes only on their income over $500,000. Additionally, people earning more than $250,000 a year would pay a new 10.925% tax rate, but only on the income they earn over that threshold. The Quality Education Act, which will be Proposition 1 on the November ballot, would raise the corporate income tax to 8%. Advocacy group Reclaim Idaho reached a huge goal last week when its voter initiative on education funding received certification from the Secretary of State, but the proposition could see challenges after legislators made changes to income tax brackets. ![]()
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