Bill
Bill > S1428
ID S1428
ID S1428Amends existing law to clarify that military retirement benefits are exempt regardless of the age or disability status of the retired military member or such member's widow or widower.
summary
Introduced
03/18/2024
03/18/2024
In Committee
03/25/2024
03/25/2024
Crossed Over
03/25/2024
03/25/2024
Passed
Dead
04/12/2024
04/12/2024
Introduced Session
2024 Regular Session
Bill Summary
RELATING TO INCOME TAX; AMENDING SECTION 63-3022A, IDAHO CODE, TO REVISE PROVISIONS REGARDING THE DEDUCTION OF MILITARY RETIREMENT PAY FROM TAXABLE INCOME AND TO MAKE TECHNICAL CORRECTIONS; AND DECLARING AN EMERGENCY AND PROVIDING RETROACTIVE APPLICATION.
AI Summary
This bill amends existing Idaho law to clarify that military retirement benefits are exempt from state income tax, regardless of the age or disability status of the retired military member or their spouse. The bill removes the previous requirements that the retired military member or their spouse be at least 62 years old or classified as disabled in order to claim the deduction. The bill also makes technical corrections and declares an emergency, with the law applying retroactively to January 1, 2024.
Committee Categories
Budget and Finance, Justice
Sponsors (6)
Other Sponsors (1)
Judiciary and Rules Committee (Senate)
Last Action
Read First Time, Referred to Revenue & Taxation (on 03/25/2024)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://legislature.idaho.gov/sessioninfo/2024/legislation/S1428/ |
| BillText | https://legislature.idaho.gov/wp-content/uploads/sessioninfo/2024/legislation/S1428.pdf |
| Fiscal Note/Analysis - Statement of Purpose / Fiscal Note | https://legislature.idaho.gov/wp-content/uploads/sessioninfo/2024/legislation/S1428SOP.pdf |
Loading...