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ID H0020
Bill
Status
1/21/2021
Primary Sponsor
Revenue and Taxation Committee
Click for details
AI Summary
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Amends Section 63-701 of Idaho Code regarding income determination for property tax reduction applicants under the circuit breaker program.
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Allows a standard medical care cost deduction of $4,000 from income; alternatively permits deduction of actual total medical care costs as defined in Internal Revenue Code Section 213(d), to the extent not reimbursed.
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Permits deduction of personal funeral expenses, including prepaid expenses and funeral insurance premiums, up to an annual maximum of $5,000 per claim for the claimant and spouse only.
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Declares an emergency and provides retroactive application to January 1, 2021.
Legislative Description
Amends existing law to provide for a standard medical cost deduction from the income of an applicant for circuit breaker property tax reduction.
PROPERTY TAX
Last Action
Reported Printed and Referred to Revenue & Taxation
1/22/2021