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House Bill 389 is a complicated bill that would affect many different components of the Idaho property tax statute. Revenue from property taxes, both for real property and business personal property, support local public services – such as roads, courts, and schools. Property taxes are regressive, meaning they fall harder on lower-income Idahoans than others. The state property tax reduction program, commonly known as the “circuit breaker” is a highly targeted tool that shields older and disabled Idahoans and widows who are the most affected at a time of soaring home prices and stagnating wages.
Read the full report here: House Bill 389 and Idaho’s Property Tax Circuit Breaker
2022 Special Legislative Session: Understanding Impacts of the Tax and Education Bill
Economic Security, Education, Featured, Reports, Tax & Revenue, Uncategorized
To download a PDF version, click here. State surpluses and strong revenue growth are leaving many states with a big opportunity this year. Idaho
Idaho’s Lowest Income Renters Received Less Rental Assistance than Those in Other States
Economic Security, Featured, Housing, Reports
New data on Idaho’s unmet housing needs show Idaho’s lowest income households face barriers to obtaining assistance Idaho families, workers, and businesses need affordable
The Idaho Center for Fiscal Policy is a private, not-for-profit, and non-partisan organization committed to high-quality fiscal research and analysis as well as policy leadership. The Idaho Center for Fiscal Policy is a program of Jannus.