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ID H0217

Bill

Official Source

Status

Passed

4/15/2021

Primary Sponsor

Revenue and Taxation Committee

Click for details

Origin

House of Representatives

2021 Regular Session

AI Summary

  • Adds new Section 63-3042A to Idaho Code Chapter 30 relating to income taxes
  • Establishes a rebuttable presumption that credit card statements or invoices from financial institutions constitute valid evidence that a taxpayer made an expenditure
  • Allows the presumption to be challenged and overcome using competent evidence
  • Applies to expenditures claimed as deductions or credits under Idaho income tax law

Legislative Description

Adds to existing law to provide for a rebuttable presumption regarding evidence of expenditures.

INCOME TAXES

Last Action

Reported Signed by Governor on April 13, 2021 Session Law Chapter 206 Effective: 07/01/2021

4/15/2021

Committee Referrals

Local Government and Taxation3/1/2021
Revenue and Taxation2/22/2021

Full Bill Text

No bill text available