Rev & Tax votes unanimously to introduce unemployment insurance tax cut

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At the request of House Majority Leader Mike Moyle, the House Revenue & Taxation Committee voted unanimously this morning – with no discussion – to introduce legislation to cut state unemployment insurance taxes that are paid by Idaho employers. The change, which would save employers $115 million over the next three years, was proposed last year and widely supported, but it got killed in the cross-fire between the House and Senate over other tax cuts. “Most of you … will recognize this from last year,” Moyle told the committee. It’s largely the same, but includes some technical changes and an emergency clause to make it take effect retroactively as of Jan. 1. “Time is of the essence,” Moyle told the tax panel. “The sooner we can get this done, the...

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Rev & Tax votes unanimously to introduce unemployment insurance tax cut

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