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ID H0493

Bill

Official Source

Status

Introduced

1/28/2022

Primary Sponsor

Tammy Nichols

Click for details

Origin

House of Representatives

2022 Regular Session

AI Summary

  • Reduces Idaho's sales tax rate from 6% to 5% on all retail sales subject to taxation under Idaho Code Section 63-3619.

  • Reduces Idaho's use tax rate from 6% to 5% on the storage, use, or other consumption of tangible personal property under Idaho Code Section 63-3621.

  • Maintains all existing provisions regarding tax collection, exemptions, resale certificates, and other administrative procedures.

  • Declares an emergency and makes the tax rate reduction effective July 1, 2022.

Legislative Description

Amends existing law to reduce the sales and use tax to 5%.

SALES AND USE TAX

Last Action

Reported Printed and Referred to Ways & Means

1/31/2022

Committee Referrals

Ways and Means1/31/2022

Full Bill Text

No bill text available