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ID H0221
Bill
Status
4/2/2015
Primary Sponsor
Revenue and Taxation Committee
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AI Summary
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Amends Idaho Code Section 63-3622D to expand the production exemption to include costs of acquiring, feeding, caring for, and maintaining wildlife or fish available for hunting or fishing activities.
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Makes wildlife and fish management costs eligible for the exemption when a business collects sales tax on charges for hunting or fishing rights on property it owns, controls, or has the right to use.
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Adds "hunting or fishing operation" to the list of activities qualifying for the production exemption under subsection (a)(2), treating these costs similarly to manufacturing and farming operations.
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Applies the exemption retroactively to any cases under audit or in which a timely protest was filed as of the bill's passage and approval date.
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Declares the act an emergency measure effective upon passage and approval.
Legislative Description
Amends existing law to provide that the costs of acquiring, feeding, caring for and maintaining wildlife or fish available for hunting or fishing are eligible for the production exemption when the hunting or fishing activity is taxable.
TAX EXEMPTION
Last Action
Reported Signed by Governor on April 2, 2015 Session Law Chapter 225 Effective: 04/02/2015 and applied retroactively to any case under audit or in which a timely protest has been filed as of the date of this act's passage and approval
4/2/2015