House Republicans cruised to an easy win Monday, passing their latest tax cut proposal totaling $253 million. Personal and corporate income tax rates would drop by nearly half a percent to 5.3%. Retired veterans’ military pension would be exempt and capital gains on precious metals like gold would no longer be taxed under the plan.

In an effort to help Idahoans follow major bills, resolutions and memorials through the legislative process, the Idaho Capital Sun will produce a “legislative notebook” at the end of each week to gather information in one place that concerns major happenings in the Legislature and other news relating to state government.

The House voted on party lines Monday to approve a $253 million cut to the personal and corporate income tax rate. This is the first of three tax

This story was originally posted on IdahoEdNews.org on Feb. 3, 2025. The Idaho House overwhelmingly passed a $253 million tax cut Monday — after some debate about how the cut might affect education budgets.