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ID H0037
Bill
Status
2/26/2015
Primary Sponsor
Revenue and Taxation Committee
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AI Summary
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Adds Section 63-3022U to Idaho Code allowing taxpayers to deduct from taxable income the amount by which they must reduce charitable contribution deductions under Internal Revenue Code sections 170(d)(1)(B) or 170(d)(2)(B)
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Requires the deduction amount for part-year residents or nonresidents to be determined pursuant to Section 63-3026A(4), Idaho Code
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Excludes this deduction from the calculation set forth in Section 63-3022L, Idaho Code
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Declares an emergency and makes the act effective retroactively to January 1, 2014
Legislative Description
Adds to existing law to provide for a deduction for certain charitable contributions and to provide related requirements.
INCOME TAX
Last Action
Reported Signed by Governor on February 26, 2015 Session Law Chapter 19 Effective: 01/01/2014
2/26/2015