The Idaho Press-Tribune reports that the House has approved a bill that would cap annual general fund spending at a little more than 5 percent of total amount of Idaho’s total taxable income.

The bill approved 48-21 Monday would set the cap at 5.33 percent on the total amount of taxable income estimated by state tax officials each year.

The measure also requires that any revenue above that cap be used to replenish state rainy day accounts before dealing with tax relief.

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