The House Revenue & Taxation Committee has voted unanimously in favor of Rep. Mike Moyle’s bill to increase the new child tax credit that was created by the earlier tax-cut bill, HB 463, to relieve the burden on large Idaho families who otherwise would see a state income tax increase – though several committee members argued vociferously against the bill before the vote, saying it doesn’t go far enough. “I appreciate Rep. Moyle for trying to make it right, but this is still really a poor way to do fiscal policy,” said Rep. Mat Erpelding, D-Boise. The bill, HB 675, now moves to the full House. It would raise the new non-refundable credit from $130 per child to $205 per child, at an estimated cost of $25 million a year. Under the $200 million-plus...
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Child tax credit increase - from $130 to $205 - clears House Rev & Tax