Amends existing law to revise provisions regarding certain qualified property held by an estate, trust, S corporation, partnership, limited liability company or an individual, to establish provisions regarding fair market valuation, to establish provisions regarding adjusted basis allocation and to establish provisions regarding certain part-year resident and nonresident owners of multistate entities.
TAXATION -- Amends existing law to revise provisions regarding certain qualified property held by an estate, trust, S corporation, partnership, limited liability company or an individual, to establish provisions regarding fair market valuation, to establish provisions regarding adjusted basis allocation and to establish provisions regarding certain part-year resident and nonresident owners of multistate entities.
STATEMENT OF PURPOSE
Amends existing law to revise provisions regarding certain qualified property held by an estate, trust, S corporation, partnership, limited liability company or an individual, to establish provisions regarding fair market valuation, to establish provisions regarding adjusted basis allocation and to establish provisions regarding certain part-year resident and nonresident owners of multistate entities. was introduced in the 2018 Idaho Legislative Session. This bill is categorized under general legislation. The most recent floor vote was 35-0 (passed). View the full bill text and voting record on the Idaho Legislature website.
HOW THEY VOTED
House Third Reading
Show all 68 voter namesHide individual votes
YEA (68)
NAY (0)
ABSENT / NOT VOTING (1)
Senate Third Reading
Show all 35 voter namesHide individual votes
YEA (35)
NAY (0)
LATEST ACTION
Reported Signed by Governor on March 20, 2018 Session Law Chapter 186 Effective: Retroactive to 01/01/2018
BILL INFO
- Session
- 2018
- Chamber
- house
- Status date
- Mar 20, 2018