Statehouse roundup, 2.3.25: Income tax cut sails through House

The House overwhelmingly passed a $253 million tax cut Monday — after some debate about how the cut might affect education budgets. House Bill 40 is the largest of a series of proposed tax cuts totaling more than $400 million. It includes a buffet of cuts — including a $12 million income tax reduction for veterans and $1 million break on bullion. But the main course is a $240 million income tax cut, reducing the personal and corporate rates from 5.695% to 5.3%…

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