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ID H0080

Bill

Official Source

Status

Passed

3/20/2023

Primary Sponsor

Revenue and Taxation Committee

Click for details

Origin

House of Representatives

2023 Regular Session

AI Summary

  • Amends Section 63-3042A of Idaho Code regarding evidence of expenditures for tax deductions and credits
  • Changes a rebuttable presumption to a conclusive presumption that credit card company statements or financial institution invoices prove a taxpayer made an expenditure, absent clear and convincing evidence of fraud
  • Removes the previous standard that allowed the presumption to be rebutted by any competent evidence
  • Declares an emergency and applies the changes retroactively to January 1, 2023

Legislative Description

Amends existing law to revise provisions regarding evidence of a taxpayer's expenditures.

INCOME TAX

Last Action

Reported Signed by Governor on March 16, 2023 Session Law Chapter 34 Effective: Retroactive to 01/01/2023

3/20/2023

Committee Referrals

Local Government and Taxation2/17/2023
Revenue and Taxation2/3/2023

Full Bill Text

No bill text available