The House today suspended its rules and took up HB 675, and passed it unanimously. That’s the bill that just emerged from the Rev & Tax Committee a day earlier to increase the new child tax credit that was created in HB 463, the income tax-cut bill, from $130 per child to $205. That makes up a portion of the increase in state income taxes that large Idaho families, with three or more children, will see due to the interplay between federal tax code changes and Idaho’s income tax law; fully offsetting that increase would have taken a $287 per child credit. Senate President Pro-Tem Brent Hill, R-Rexburg, in remarks to the Idaho Press Club today, welcomed the follow-up bill. “I think most of us, whether we supported the original bill or not, would like to...
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House votes 68-0 for increase in child tax credit, Senate leader welcomes bill