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ID H0471
Bill
AI Summary
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Amends Idaho Code Section 63-3026A to clarify that income distributed to beneficiaries of an estate or trust constitutes Idaho source income only to the extent the income would be Idaho source income if received directly by a nonresident individual.
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Applies the amendment retroactively to January 1, 2010, and to all pending proceedings before the State Tax Commission, Board of Tax Appeals, and courts.
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Declares an emergency to allow the act to take effect immediately upon passage and approval.
Legislative Description
Amends existing law relating to income tax to provide for constituting certain income distributed to beneficiaries of an estate or trust as Idaho source income.
INCOME TAX
Last Action
Governor signed Session Law Chapter 108 Effective: 01/01/10
3/25/2010