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Idaho Cuts Tax Rates for Individuals and Companies

|Approved Changes|United States
United States

On 29 March 2024, the governor of the U.S. State of Idaho signed House Bill 521 into law. Among other things, House Bill 521 provides for a reduction in the corporate tax rate and the individual income tax rate from 5.8% to 5.695%. The reduction applies retroactively from 1 January 2024.

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