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House committee introduces bill to raise Idaho grocery tax credit to $155
Summary
The Idaho House Revenue and Taxation Committee on Jan. 27 introduced RS32033, a proposal to raise the grocery tax credit from $120 to $155 and to allow taxpayers to reclaim sales tax receipts up to a $250 cap; the measure was introduced for a full hearing after a voice vote.
BOISE, Idaho — The Idaho House Revenue and Taxation Committee introduced RS32033 on Jan. 27, a representative-sponsored proposal that would raise the state grocery tax credit from $120 to $155 and allow taxpayers to reclaim sales tax actually paid on groceries—up to a $250 annual cap.
The sponsor, Representative Jason Monks, introduced the draft statute and told the committee the increase is aimed at offsetting recent grocery-price inflation. “This particular legislation would increase that credit from $120 to $155,” Monks said, adding that the bill would “also make the credit uniform across the board” by eliminating the current differential for residents 65 and older. Monks described an alternate option in the bill that would let taxpayers submit receipts and be…
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