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ID H0388
Bill
AI Summary
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Adds definition of "real property" to Idaho Code Section 63-3022H as land and other tangible property permanently upon or affixed to the land.
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Revises the definition of "revenue-producing enterprise" in Section 63-3029E to cross-reference the definition in Section 63-3022H, which includes production, assembly, fabrication, manufacture or processing of agricultural, mineral or manufactured products; storage, warehousing, distribution or wholesale sale of such products; livestock feeding at feedlots; and operation of laboratories or facilities for scientific, agricultural, animal husbandry or industrial research and testing.
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Declares an emergency and provides retroactive application of the amendments to January 1, 2010.
Legislative Description
Amends existing law to incorporate the definition of "revenue-producing enterprise" from the statute that provides an income tax deduction for capital gains.
INCOME TAX
Last Action
Governor signed Session Law Chapter 5 Effective: 01/01/10
2/16/2010