• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Digital News Updates
  • Home
  • News
  • Politics
  • Business

Idaho Enacts Largest Income Tax Cut in State History

March 7, 2025

Governor Brad Little, alongside House and Senate leadership, signed House Bill 40 today, enacting the largest income tax cut in Idaho’s history. The new legislation delivers an additional $253 million in tax relief, furthering the state’s commitment to returning money to its residents.

As part of Governor Little’s KEEPING PROMISES plan, the bill reduces Idaho’s income tax rate for individuals and businesses from 5.695% to 5.3%. It also includes provisions allowing military veterans to retain more of their pensions.

“Idaho families and businesses deserve to keep more of their hard-earned money. It is the right thing to do,” Governor Little stated. “Our continued strength comes from a focus on good government and the Idaho taxpayer. I appreciate my partners in the Legislature for prioritizing tax relief while ensuring we meet the needs of our growing state.”

House Speaker Mike Moyle emphasized the significance of the tax cut, calling it “the people’s money, not ours in government.” He reaffirmed his commitment to continued tax relief, saying, “Giving back the people’s money has always been and will remain a top priority of mine as Speaker.”

Senate Pro Tem Kelly Anthon echoed the sentiment, highlighting the impact on both families and military veterans. “Time and time again, Idaho’s leaders have demonstrated that in times of prosperity, we will do the right thing and give back more of what was earned,” he said.

Since Governor Little took office, Idaho has led the nation in tax relief per capita, returning $4.6 billion to taxpayers. With the passage of House Bill 40, Idaho families and businesses will now see even greater financial relief.

By: DNU staff

Filed Under: Featured, Home Featured, Politics

Related Articles:

  • Biden receives support, questions about transparency amid cancer diagnosis
  • Buckskin Mine Honored with 2025 DEQ Excellence in Mining Reclamation Award
  • Montana State Research Development Team Earns National Innovation Award
  • Senator Steve Daines Leads Push to Strengthen Veteran Health Care Access
  • Officials Urge Caution on Roads as “100 Deadliest Days of Summer” Begin
  • North Dakota Reports Slight Dip in Q1 2025 Taxable Sales

Primary Sidebar

Digital News Updates Logo

Recent News Posts

  • Judge halts order to terminate Harvard foreign student visas
  • Wyoming Public Safety Communications Commission to Meet May 28–29 in Casper
  • Wyoming Veterans Commission Concludes First-Ever Veteran Services Symposium in Casper
  • Public Comment Open for Draft Idaho Mountain Goat Management Plan Through June 8

Recent Politics Posts

  • Knudsen Urges Gallatin County to Support ICE Partnership
  • Zinke Introduces Bipartisan Bill to Modernize Foreign Military Sales Notification Process
  • Senator Daines Introduces Bill to Keep National Cemeteries Open on Federal Holidays
  • Zinke Votes to Pass “Big Beautiful Bill”

Recent Business Posts

  • Bridger Aerospace Lands Record-Breaking Wildfire Contracts for Super Scooper Aircraft
  • Daktronics to Participate in Craig-Hallum’s 22nd Annual Institutional Investor Conference
  • Montana Expands Conduit Bond Financing
  • Bill Ackman’s Pershing Square Invests $900 Million in Howard Hughes Holdings

Copyright © 2025 Digital News Updates, All Rights Reserved.