Bill > H0159

This bill amends existing law to provide for the treatment of certain property located within a revenue allocation area and to revise provisions regarding a qualifying business entity for the Idaho information technology equipment sales tax exemption. Specifically, it adds language to require the state tax commission to notify the county clerk when a business entity receives the sales tax exemption for information technology equipment located in a revenue allocation area, and to notify the county clerk if the exemption is later invalidated. The bill also requires that any increase in property valuation due to the exemption be added to the base assessment roll, unless the exemption is invalidated.

Budget and Finance

Ways and Means Committee (House)

https://legislature.idaho.gov/sessioninfo/2023/legislation/H0159/