Magic Valley Lawmaker Wants Limit on Grocery Tax Credit
BOISE, Idaho (AP) — House Speaker Scott Bedke wants lawmakers to consider limiting beneficiaries of Idaho's grocery tax credit to low-income people and shifting millions toward individual and corporate income tax cuts.
Bedke, an Oakley Republican, made the suggestion at a luncheon in Boise sponsored by the Andrus Center for Public Policy at Boise State University. Idaho's current income tax rate is 7.4 percent. That's something Bedke thinks might discourage businesses from relocating here, when they compare that to tax rates of surrounding states.
The Spokesman-Review reports that Bedke's proposal would means-test recipients of the grocery tax credit that's currently worth about $133.5 million annually and goes to nearly all Idaho residents. His idea: Shift the resulting $70 million to $80 million in savings to income tax cuts, making Idaho more attractive to business.