Discussion and Review of Idaho Tax Policy

Staff: Eric Milstead, Keith Bybee, Secretary: Margaret Major

Meeting Agendas:
June 26, 2015 – No Meeting Agenda – See Recap under June 26, Presentations & Handouts
July 20, 2015
September 8, 2015 – No Meeting Agenda – See Recap under September 8, Presentations & Handouts
September 17, 2015
October 6, 2015
October 14, 2015
November 3, 2015
December 15, 2015 (Revised)

June 26 – Presentations & Handouts:

• Recap from June 26, 2015 Meeting
• Utah Handouts
• Utah Handouts II
• Idaho – Utah Tax Comparative Analysis

July 20 Meeting – Presentations & Handouts:

• Recap from July 20, 2015 Meeting
• Tax Analysis of Idaho and Utah (family of four)
• Income Tax Comparison of Idaho and Utah
• Modified Individual Flat Tax 6.8% Revenue Neutral Capping Tax Increases at 15%

September 8 – Presentations & Handouts:

• Recap from September 8, 2015 Meeting
• Idaho Resident Individual Income Tax Data with Utah Method Analysis
• Modified Individual Flat Tax 6.8% Capping Tax Increases at 10%

September 17 Meeting – Presentations & Handouts:

• Recap from September 17, 2015 Meeting

October 6 Meeting – Presentations & Handouts:

• What is a Tax Expenditure
• General Fund Revenue Book Tax Structure
• Idaho Major State and Local Taxes
• FY 2014 Per Capita Expenditures
• ID UT WA OR Tax Summary Table

October 14 Meeting – Presentations & Handouts:

• Personal Property Tax Scenarios
• Income Tax Bracket
• Income Tax Brackets – Tax Commission
• Income Tax Rate Scenarios – Santos
• Income Amounts for 5% effective tax rate
• Marketplace Fairness Act
• Streamlined Sales Tax
• Form 40 with 2013 Values
• Form 39R with 2013 values
• Form 39R with 2013 values and number of taxpayers
• Tax Credits
• Sales Tax Exemptions
• Sales Tax Exemptions – Tax Commission

November 3 Meeting – Presentations & Handouts:

• Associated Taxpayers of Idaho presentation
• Idaho Freedom Foundation presentation
• Net Operating Losses perspectives from accounting
• Complexities in Idaho Tax Code
• Idaho Center for Fiscal Policy presentation
• General Fund Review

December 15 Meeting – Presentations & Handouts:

• Draft 1 – Revision of income tax rates
• Draft 2 – Revision of personal property tax exemption to $150,000
• Draft 3 – Revision of personal property tax exemption to $250,000
• Draft 4 – Repeal of grocery tax credit and elimination of sales tax on food