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ID H0017
Bill
Status
2/11/2019
Primary Sponsor
Revenue and Taxation Committee
Click for details
AI Summary
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Amends Section 63-3024A of Idaho Code to update references to Internal Revenue Code sections 151 and 152 regarding dependent deductions for the grocery tax credit.
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Changes language from "personal exemption for which a deduction is permitted by section 151(b) and (c)" to "the taxpayer, the taxpayer's spouse, and each dependent, as defined in section 152 of the Internal Revenue Code" to align with current federal tax terminology.
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Removes obsolete language related to the dependent exemption deduction structure that is no longer applicable under current federal tax law.
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Applies retroactively to January 1, 2019, and is declared to be an emergency measure effective upon passage and approval.
Legislative Description
Amends existing law to revise and update references to the terminology used in the Internal Revenue Code regarding dependent deductions.
GROCERY TAX CREDIT
Last Action
Reported Signed by Governor on February 11, 2019 Session Law Chapter 13 Effective: Retroactive to 01/01/2019
2/11/2019