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ID H0029
Bill
Status
Passed
2/16/2017
Primary Sponsor
Revenue and Taxation Committee
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AI Summary
- Removes obsolete language from section 63-3024A, Idaho Code that previously required annual $10 increases to the grocery tax credit until it reached $100
- Establishes the grocery tax credit at $100 for tax year 2015 and all subsequent years
- Maintains existing credit amounts for tax year 2008 ($50 for income of $1,000 or less; $30 for income over $1,000) with previous annual increases through 2014
- Preserves the $20 additional credit for residents who reach age 65 during the taxable year
- Keeps existing provisions allowing credits to be refunded if they exceed taxes due, along with limitations based on food stamp assistance, incarceration, illegal residency status, and part-year residency
Legislative Description
Amends existing law to remove obsolete language regarding past grocery tax credit increases and to establish the amount of the grocery tax credit.
TAXES
Last Action
Reported Signed by Governor on February 16, 2017 Session Law Chapter 16 Effective: 07/01/2017
2/16/2017
Committee Referrals
Local Government and Taxation1/31/2017
Revenue and Taxation1/24/2017
Full Bill Text
No bill text available