Loading chat...

ID H0003

Bill

Official Source

Status

Passed

1/28/2025

Primary Sponsor

Revenue and Taxation Committee

Click for details

Origin

House of Representatives

2025 Regular Session

AI Summary

  • Updates Idaho's definition of "Internal Revenue Code" in Section 63-3004 from January 1, 2024 to January 1, 2025, conforming state tax law to federal tax code changes
  • Maintains existing exception that applies Internal Revenue Code section 85 as it was in effect on January 1, 2020
  • Declared an emergency measure, taking effect immediately upon passage and approval
  • Applies retroactively to January 1, 2025

Legislative Description

Amends existing law to update references to the current Internal Revenue Code.

TAXATION

Last Action

Reported Signed by Governor on January 27, 2025 Session Law Chapter 1 Effective: Retroactive to 01/01/2025

1/28/2025

Committee Referrals

Local Government and Taxation1/15/2025
Revenue and Taxation1/10/2025

Full Bill Text

No bill text available