Idaho Leaders Cite Wide Range of Estimates on How ‘Big Beautiful Bill’ Will Decrease State Revenue

Idaho leaders cite wide range of estimates on how ‘Big Beautiful Bill’ will decrease state revenue

Idaho House Minority Leader Ilana Rubel, a Democrat, speaks to reporters at a Jan. 8, 2026 preview of the legislative session. Also pictured is Idaho House Speaker Mike Moyle. (Photo by Kyle Pfannenstiel/Idaho Capital Sun)The massive federal tax and spending package, called the “One Big Beautiful Bill Act,” approved by Congress in July will impact state budgets next year — but less than a week ahead of the Idaho legislative session and the begin…

Final Reading: House tax chair weighs potential revenue losses due to Trump’s ‘One Big Beautiful Bill’

“Our wealth divide has done nothing but grown,” said Rep. Emilie Kornheiser, who expressed particular concern at some corporate taxes loosening.

Estimates Vary Widely on How ‘One Big Beautiful Bill’ Could Cut Idaho Revenue

BOISE, ID – The massive federal tax and spending package, called the “One Big Beautiful Bill Act,” approved by Congress in July will impact state budgets next year — but less than a week ahead of the Idaho legislative session and the beginning of state budget-setting, lawmakers are not sure the extent of cuts the bill could result in. The federal tax changes could reduce Idaho’s revenue significantly in the near-term. However, it’s unclear by ho…

In times of revenue uncertainty, it’s time to think outside the box

As the 2026 Legislative Session convenes on January 12th, the tax season begins. Moving forward, Idaho is facing a revenue shortfall with a projected 40 to 53 million dollar deficit by the end of FY2026. These estimates do not address the reconciliation to the tax cuts included in the One Big Beautiful Bill, which, when accounted for, could put the State close to $1 billion in the red.  With such a deficit looming, it is critical to look outside…