- Associated Press - Thursday, January 19, 2017

BOISE, Idaho (AP) - Lawmakers on the Idaho House Revenue and Taxation Committee have introduced legislation to bring the state’s tax code in line with federal rules.

Tom Shaner, with the Idaho Tax Commission, said Thursday that the move is estimated to cost Idaho almost nothing - marking the first time in nearly a decade that bringing Idaho’s tax code in line with federal rules won’t carry a hefty financial burden.

That’s because Congress passed a stopgap spending bill in December, which provides money to fund the government through April 28.

Lawmakers usually prefer to sync the state’s tax code with the federal version to make it easier for residents and businesses to do their taxes or avoid having to keep separate accounting books to track the different rules.


Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide