REVISED
STATEMENT OF PURPOSE
RS28946 / H0380
This 2021 Tax Relief bill reduces all income tax brackets, reduces the number of brackets to 5, and sets the
top individual and corporate tax bracket to 6.5% retroactive to January 1, 2021. This provides Idahoans with
$162.9 million in ongoing tax relief. This bill also provides a one-time sales tax/income tax rebate, returning
$220 million to Idaho taxpayers. A rebate check will be sent to 2020 personal income tax filers providing a
minimum amount of $50 for each taxpayer and dependent or 9% of income taxes paid in 2019 whichever is
greater.
FISCAL NOTE
On-going tax relief is funded by $110 million annually deposited into General Funds from the Tax Relief Fund
and $52.9 million covered by General Funds. The tax rebate will draw $180 million one-time from the Tax
Relief Fund and additional $40 million from General Funds. This $40 million is covered by not conforming to
some IRS codes in H058.
Contact:
Representative Steven C. Harris
Senator Steve Vick
(208) 332-1000
Representative Scott Bedke
Representative Mike Moyle
Representative Jason A. Monks
Representative Megan Blansksma
DISCLAIMER: This statement of purpose and fiscal note are a mere attachment to this bill and prepared by a proponent
of the bill. It is neither intended as an expression of legislative intent nor intended for any use outside of the legislative
process, including judicial review (Joint Rule 18).
Statement of Purpose / Fiscal Note Bill SOP/FN REVISED: 04/23/2021, 6:02 PM


Statutes affected:
Bill Text: 63-3024, 63-3025, 57-811