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ID H0510
Bill
Status
3/20/2020
Primary Sponsor
Revenue and Taxation Committee
Click for details
AI Summary
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Extends the sunset date of the Idaho Small Employer Incentive Act from December 31, 2020 to December 31, 2030 in multiple sections governing tax credits and incentives.
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Changes terminology from "taxpayer" to "business entity" throughout the definitions and application sections for clarity and consistency.
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Requires businesses filing form 89SE with the Idaho State Tax Commission to notify the Department of Commerce in writing within 30 days of filing to claim credits under this chapter.
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Modifies recapture provisions in the sales and use tax incentives section to clarify that recapture amounts are proportional to credits recaptured under existing investment tax credit rules.
Legislative Description
Amends existing law to extend the sunset date of the act from 2020 to 2030 and to provide for written notice to the Department of Commerce.
IDAHO SMALL EMPLOYER INCENTIVE ACT OF 2005
Last Action
Reported Signed by Governor on March 24, 2020 Session Law Chapter 243 Effective: 07/01/2020
3/20/2020