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ID H0382

Bill

Official Source

Status

Passed

2/15/2018

Primary Sponsor

Revenue and Taxation Committee

Click for details

Origin

House of Representatives

2018 Regular Session

AI Summary

  • Requires taxpayers to send written notice to the Idaho State Tax Commission within 120 days of final determination of any federal tax deficiency or refund
  • Requires taxpayers to send written notice to the Idaho State Tax Commission within 120 days of final determination of any income tax deficiency or refund from another state or territory where a tax credit applies
  • Imposes negligence penalty under Idaho Code Section 63-3046 on taxpayers who fail to send required notice within the 120-day deadline

Legislative Description

Amends existing law to provide a date by which a taxpayer must notify the Idaho Tax Commission of a change to his federal taxable income or to the tax he pays to another state, and provides a penalty for a violation.

INCOME TAXES

Last Action

Reported Signed by Governor on February 15, 2018 Session Law Chapter 6 Effective: 07/01/2018

2/15/2018

Committee Referrals

Local Government and Taxation1/30/2018
Revenue and Taxation1/24/2018

Full Bill Text

No bill text available