Amends House Bill 40, House Bill 304, and existing law to revise provisions regarding certain tax deductions, certain corporate income tax rates, certain protections for taxpayers, and certain sales tax distributions and to revise an effective date.
TAXATION -- Amends House Bill 40, House Bill 304, and existing law to revise provisions regarding certain tax deductions, certain corporate income tax rates, certain protections for taxpayers, and certain sales tax distributions and to revise an effective date.
STATEMENT OF PURPOSE
Amends House Bill 40, House Bill 304, and existing law to revise provisions regarding certain tax deductions, certain corporate income tax rates, certain protections for taxpayers, and certain sales tax distributions and to revise an effective date. was introduced in the 2025 Idaho Legislative Session by . This bill is categorized under general legislation. View the full bill text and voting record on the Idaho Legislature website.
FISCAL NOTE
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The State General Fund will not see a reduction of $100 million for property tax relief in H304 in fiscal year 2025 – only for the years thereafter. All other changes in this legislation cause no additional expenditure of funds at the state or local level of government, nor does it cause an increase or decrease in revenue for state or local government.
LATEST ACTION
Reported Printed and Referred to Revenue & Taxation
BILL INFO
- Session
- 2025
- Chamber
- house
- Status date
- Mar 17, 2025
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