H04072020 Regular Session
Amends existing law to revise the income tax credit for food sales.
GROCERY TAX CREDIT -- Amends existing law to revise the income tax credit for food sales.
GROCERY TAX CREDIT
STATEMENT OF PURPOSE
This legislation will increase the grocery tax credit from $120 to $135 per person for individuals age 65 and older and from $100 to $135 per person for all others. The average individual pays approximately $124 per year in sales tax on groceries. This change will essentially offset the sales tax paid on groceries by all Idaho citizens.
LATEST ACTION
Reported Printed and Referred to Revenue & Taxation
BILL INFO
- Session
- 2020
- Chamber
- house
- Status date
- Feb 4, 2020