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Bill

Bill > H0329

ID H0329

Amends and adds to existing law to provide certain property tax exemptions for certain utilities and to provide for a tax on rate-regulated electric companies and gas companies.

summary

Introduced
02/25/2025
In Committee
03/13/2025
Crossed Over
03/06/2025
Passed
03/24/2025
Dead
Signed/Enacted/Adopted
03/27/2025

Introduced Session

2025 Regular Session

Bill Summary

RELATING TO TAXATION; REPEALING SECTION 63-205B, IDAHO CODE, RELATING TO THE ASSESSMENT OF OPERATING PROPERTY OF RATE-REGULATED ELECTRIC UTILITY COMPANIES; AMENDING SECTION 63-405, IDAHO CODE, TO REVISE PROVISIONS REGARDING THE ASSESSMENT OF OPERATING PROPERTY; REPEALING SECTION 63-602O, IDAHO CODE, RELATING TO CERTAIN PROPERTY EXEMPT FROM TAXATION; AMENDING SECTION 63-602JJ, IDAHO CODE, TO REVISE PROVISIONS REGARDING PROPERTY EXEMPT FROM TAXATION AND TO PROVIDE FOR CERTAIN RATE-REGULATED ELECTRIC UTILITY COMPANIES, RATE-REGULATED AFFILIATED GAS COMPANIES, AND RATE-REGULATED GAS COMPANIES; REPEALING SECTION 63-603, IDAHO CODE, RELATING TO ELECTRIC, OR GAS, PUBLIC UTILITIES PUMPING WATER FOR IRRIGATION OR DRAINAGE, THE REDUCTION OF CERTAIN ASSESSMENTS IN ACCOR- DANCE WITH AN EXEMPTION, AND THE CREDIT ON CUSTOMERS' BILLS OR PAYMENT TO CONSUMERS; AMENDING SECTION 63-3502B, IDAHO CODE, TO REVISE PROVI- SIONS REGARDING THE LEVY OF TAX ON CERTAIN ELECTRICAL PRODUCTION AND RATE-REGULATED ELECTRIC UTILITY COMPANIES, RATE-REGULATED AFFILIATED GAS COMPANIES, AND RATE-REGULATED GAS COMPANIES; AMENDING CHAPTER 35, TITLE 63, IDAHO CODE, BY THE ADDITION OF A NEW SECTION 63-3502C, IDAHO CODE, TO ESTABLISH PROVISIONS REGARDING THE EXEMPTION OF THE KILO- WATT-HOUR TAX FOR ELECTRICITY USED IN IRRIGATION; AMENDING CHAPTER 35, TITLE 63, IDAHO CODE, BY THE ADDITION OF A NEW SECTION 63-3503C, IDAHO CODE, TO ESTABLISH PROVISIONS REGARDING THE CALCULATION, COLLECTION, ALLOTMENT, AND APPORTIONMENT OF TAX DUE FROM RATE-REGULATED ELEC- TRIC UTILITY COMPANIES, RATE-REGULATED AFFILIATED GAS COMPANIES, AND RATE-REGULATED GAS COMPANIES BY THE STATE TAX COMMISSION; AMENDING SEC- TION 63-3506, IDAHO CODE, TO REVISE PROVISIONS REGARDING THE ASSESSMENT OF PROPERTY BY ASSESSOR; AND PROVIDING AN EFFECTIVE DATE.

AI Summary

This bill modifies property tax and energy taxation regulations for utilities in Idaho, primarily focusing on rate-regulated electric utility companies, affiliated gas companies, and gas companies. The bill establishes a new framework for taxation that replaces previous property assessment methods, introducing a kilowatt-hour tax for electric utilities and a thermal energy tax for gas companies. Specifically, it sets a tax rate of $0.000923 per kilowatt-hour for electric utilities and varying tax rates for gas companies based on whether they are affiliated or standalone. The bill also creates an exemption for electricity used in irrigation, allowing utilities to provide credits or refunds for power used to pump water for agricultural purposes. Additionally, the legislation outlines detailed procedures for tax calculation, collection, and distribution to counties and taxing districts, with the new tax system set to take effect on January 1, 2026. The bill requires utilities to include these new taxes on customer billings by January 1, 2027, and mandates that public utilities commission adjust base tariff rates to reflect these changes. The overall goal appears to be creating a more transparent and standardized approach to taxing utility companies' operating properties and energy sales.

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 March 27, 2025 Session Law Chapter 188 Effective: 01/01/2026 (on 03/27/2025)

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