ID H0823

Establishes a 1% tax on gross utility electrical earnings for electric utilities regulated by the Idaho Public Utilities Commission, replacing property tax exemptions and in lieu of all other taxes on operating property.

Creates new tax apportionment procedures requiring the State Tax Commission to allocate the utility tax to counties based on transmission and distribution investment, then to individual taxing districts using line mileage and levy rates.

Reduces the cooperative electrical association tax rate from 3.5% to 3.5% of gross cooperative electrical earnings (technical clarification of existing rate).

Clarifies that the utility gross receipts tax counts as a reduction to property tax levies for budget certification purposes and is not included in property tax revenue limitations under Idaho Code Section 63-802.

Makes technical corrections to definitions and exemption provisions for electric utilities, wind/solar/geothermal energy producers, and natural gas associations; effective July 1, 2023.