Bill
Bill > H0003
ID H0003
Amends existing law to update references to the current Internal Revenue Code.
summary
Introduced
01/09/2025
01/09/2025
In Committee
01/17/2025
01/17/2025
Crossed Over
01/14/2025
01/14/2025
Passed
01/28/2025
01/28/2025
Dead
Signed/Enacted/Adopted
01/28/2025
01/28/2025
Introduced Session
2025 Regular Session
Bill Summary
RELATING TO TAXATION; AMENDING SECTION 63-3004, IDAHO CODE, TO REVISE A DEF- INITION; AND DECLARING AN EMERGENCY AND PROVIDING RETROACTIVE APPLICA- TION.
AI Summary
This bill updates a definition in Idaho tax law by changing the reference date for the Internal Revenue Code from January 1, 2024 to January 1, 2025, while maintaining a specific provision that Internal Revenue Code section 85 remains as it was on January 1, 2020. The bill declares an emergency, which means it will take effect immediately upon passage and approval, and will be applied retroactively to January 1, 2025. The purpose of this technical amendment appears to be to ensure that Idaho's tax code references the most current version of the federal Internal Revenue Code, which helps maintain alignment between state and federal tax regulations and potentially simplifies tax compliance for Idaho taxpayers.
Committee Categories
Budget and Finance
Sponsors (0)
No sponsors listed
Other Sponsors (1)
Revenue and Taxation Committee (H)
Last Action
Reported Signed by Governor on January 27, 2025 Session Law Chapter 1 Effective: Retroactive to 01/01/2025 (on 01/28/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://legislature.idaho.gov/sessioninfo/2025/legislation/H0003/ |
| BillText | https://legislature.idaho.gov/wp-content/uploads/sessioninfo/2025/legislation/H0003.pdf |
| Fiscal Note/Analysis - Statement of Purpose / Fiscal Note | https://legislature.idaho.gov/wp-content/uploads/sessioninfo/2025/legislation/H0003SOP.pdf |
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