Report shows 5 years of Idaho income tax cuts have reduced state revenue by $4 billion

A new report issued this month by a nonpartisan, nonprofit organization shows the Idaho Legislature reduced state revenue by a combined $4 billion through a series of five income tax cuts passed since 2021.

The new report also shows that wealthy Idahoans in the top 1% of earners – those with an annual income of $738,300 and above – benefited the most from the income tax cuts.