H 589·ID·house
TAXATION – Amends, repeals, and adds to existing law to revise provisions regarding the rate of income taxes.
In CommitteeFiled Feb 4, 2026
Sponsor: Steve Berch (D)
Latest Action
Reported Printed; Filed in the Office of the Chief Clerk
Feb 5, 2026
Summary
The bill changes Idaho’s income tax rates for individuals, estates, trusts and corporations. It sets a 5.3% rate on taxable income above $2,500 (or $5,000 for joint returns) and creates an inflation‑adjusted threshold formula. Corporate tax is fixed at 7.6% starting in 2001 and reduced to 7.4% in 2012.
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