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ID Advisory Question HB1 - Tax Changes

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> United States > Idaho > ID Referenda > 2022 Referenda > Advisory Quesiton HB1 - Tax Changes

Office

Referendum

Honorific

Referendum - Abbr:

Type

Referendum

Filing Deadline

May 01, 2022 - 12:00am Central

Polls Open

November 08, 2022 - 09:00am Central

Polls Close

November 08, 2022 - 09:00pm Central

Term Start

January 01, 2023 - 12:00pm

Term End

December 31, 9999 - 11:55pm

Turnout

56.66% Registered 31.00% Total Population

Contributor

Mr. Matt

Last Modified

RBH December 03, 2022 07:06pm

Data Sources

[Link]

Description

Idaho Income and Corporate Tax Changes and Education Funding Advisory Question

Do you approve or disapprove of the State of Idaho using the record budget surplus to refund $500 million back to hardworking Idaho taxpayers, cut ongoing income taxes by more than $150 million, and put more money in our classrooms by increasing education and student funding by a record $410 million? Your approval of this effort would combat historic inflation by returning money to taxpayers, creating a simple flat tax, and making the single largest investment in public education in Idaho history.

An "approve" (yes) vote supports the passage of House Bill 1, which: Changes the income and corporate tax rates to one flat tax rate of 5.8%; provides a tax rebate equalling the greater of 10% of the taxes paid by a couple or individual in 2020 or $600 per joint filer or $300 for an individual; and allocates $410 million of the state’s sales tax revenue to the public school income fund and in-demand careers fund.

A "disapprove" (no) vote opposes the passage of House Bill 1, which makes changes to the income and corporate tax rates in Idaho and allocates an additional $410 million to education.

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