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ID H0480
Bill
Status
3/8/2022
Primary Sponsor
Revenue and Taxation Committee
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AI Summary
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Amends Section 63-3621, Idaho Code, to clarify that the term "individual" in the use tax exemption for household goods and personally owned vehicles includes natural persons and grantor trusts as described in Internal Revenue Code sections 673-678.
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Expands the exemption for residents of Idaho who acquired household goods, personal effects, and personally owned vehicles in another state to explicitly include grantor trusts in the definition of "individual."
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Applies the same clarification to the exemption for active duty military personnel and their spouses temporarily assigned in Idaho.
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Declares an emergency and provides that the act takes effect retroactively to January 1, 2020.
Legislative Description
Amends existing law to clarify that the use tax exemption for personally owned vehicles applies to individuals and to grantor trusts.
USE TAX
Last Action
Reported Signed by Governor on March 7, 2022 Session Law Chapter 19 Effective: Retroactive to 01/01/2020
3/8/2022