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ID H0359

Bill

Official Source

Status

Introduced

1/24/2020

Primary Sponsor

Jason Monks

Click for details

Origin

House of Representatives

2020 Regular Session

AI Summary

  • Exempts all property from property taxation effective January 1, 2021
  • Increases sales tax rate from 6% to 11% effective January 1, 2021
  • Increases use tax rate from 6% to 11% effective January 1, 2021
  • Revises the distribution of sales and use tax revenue among state funds, counties, cities, and special taxing districts
  • Effective date is contingent upon approval of a related constitutional amendment by Idaho voters

Legislative Description

Amends existing law to repeal the property tax and to increase the sales tax.

TAXES

Last Action

Reported Printed and Referred to Ways & Means

1/27/2020

Committee Referrals

Ways and Means1/27/2020

Full Bill Text

No bill text available