Repeals, adds and amends existing law to provide for applicability of the Internal Revenue Code to different tax years; to allow to a taxpayer a carryforward for certain amounts disallowed in the calculation of next taxable income; to revise the calculation of net taxable income for corporations; to reduce the individual and corporate income tax rate.
TAXES -- Repeals, adds and amends existing law to provide for applicability of the Internal Revenue Code to different tax years; to allow to a taxpayer a carryforward for certain amounts disallowed in the calculation of next taxable income; to revise the calculation of net taxable income for corporations; to reduce the individual and corporate income tax rate.
STATEMENT OF PURPOSE
Repeals, adds and amends existing law to provide for applicability of the Internal Revenue Code to different tax years; to allow to a taxpayer a carryforward for certain amounts disallowed in the calculation of next taxable income; to revise the calculation of net taxable income for corporations; to reduce the individual and corporate income tax rate. was introduced in the 2018 Idaho Legislative Session. This bill is categorized under general legislation. View the full bill text and voting record on the Idaho Legislature website.
LATEST ACTION
Reported Printed and Referred to Revenue & Taxation
BILL INFO
- Session
- 2018
- Chamber
- house
- Status date
- Feb 13, 2018
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