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Idaho lawmakers push to match 2025 federal tax changes, risking $155M cost amid revenue forecast disputes.
Idaho lawmakers are advancing a bill to align the state’s tax code with federal changes from the 2025 “One Big Beautiful Bill,” including new deductions for tips, overtime, and seniors, and expanded business expensing for research.
The move, proposed for tax year 2025, could cost $155 million annually, matching state estimates but conflicting with higher projections from some analysts.
While the governor recommends delaying conformity until 2026 due to fiscal concerns, the Joint Finance-Appropriations Committee projects higher revenues that could offset the cost.
The bill excludes bonus depreciation to preserve existing tax credits.
Debate continues over the accuracy of revenue forecasts and the state’s ability to implement changes by 2025.
Los legisladores de Idaho presionan para igualar los cambios de impuestos federales de 2025, arriesgando un costo de $ 155 millones en medio de disputas de previsiones de ingresos.